Andeavor Logistics Lpunits Representing LI (NYSE:ANDX) on Focus After Report of More Shorts

March 18, 2018 - By Ellis Scott

 Andeavor Logistics Lpunits Representing LI (NYSE:ANDX) on Focus After Report of More Shorts

The stock of Andeavor Logistics Lpunits Representing LI (NYSE:ANDX) registered an increase of 6.46% in short interest. ANDX’s total short interest was 2.82 million shares in March as published by FINRA. Its up 6.46% from 2.65M shares, reported previously. With 615,700 shares average volume, it will take short sellers 5 days to cover their ANDX’s short positions. The short interest to Andeavor Logistics Lpunits Representing LI’s float is 3.19%.

The stock increased 1.97% or $0.88 during the last trading session, reaching $45.45. About 791,668 shares traded or 43.67% up from the average. Andeavor Logistics LP (NYSE:ANDX) has 0.00% since March 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Andeavor Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. The company has market cap of $9.97 billion. It operates in three divisions: Gathering, Processing, and Terminalling and Transportation. It has a 21.54 P/E ratio. The Gathering segment includes natural gas and crude oil pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana; and the Green River Basin, Uinta Basin, and Vermillion Basin in the states of Utah, Colorado, and Wyoming.

Andeavor Logistics LP (NYSE:ANDX) Ratings Coverage

Among 9 analysts covering Tesoro Logistics (NYSE:ANDX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tesoro Logistics had 13 analyst reports since August 10, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, August 11 by Credit Suisse. Barclays Capital maintained Andeavor Logistics LP (NYSE:ANDX) on Thursday, August 10 with “Overweight” rating. The firm earned “Hold” rating on Thursday, November 9 by Mizuho. RBC Capital Markets maintained it with “Buy” rating and $64.0 target in Sunday, October 15 report. Bank of America maintained the shares of ANDX in report on Wednesday, August 16 with “Buy” rating. On Friday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. Jefferies maintained Andeavor Logistics LP (NYSE:ANDX) rating on Monday, October 16. Jefferies has “Hold” rating and $41.0 target. Mitsubishi UFJ upgraded it to “Buy” rating and $60.0 target in Wednesday, August 16 report. The rating was maintained by Jefferies with “Hold” on Monday, November 20. RBC Capital Markets maintained the stock with “Buy” rating in Monday, September 11 report.

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