What Will Happen to Andeavor (ANDV) Next? The Stock Just Reaches 52-Week High

May 18, 2018 - By Cecil Scoggins

The stock of Andeavor (NYSE:ANDV) hit a new 52-week high and has $150.09 target or 3.00 % above today’s $145.72 share price. The 5 months bullish chart indicates low risk for the $22.02B company. The 1-year high was reported on May, 18 by Barchart.com. If the $150.09 price target is reached, the company will be worth $660.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.74% or $1.09 during the last trading session, reaching $145.72. About 315,627 shares traded. Andeavor (NYSE:ANDV) has risen 24.66% since May 18, 2017 and is uptrending. It has outperformed by 13.11% the S&P500.

Analysts await Andeavor (NYSE:ANDV) to report earnings on August, 14. They expect $3.04 earnings per share, up 55.10 % or $1.08 from last year’s $1.96 per share. ANDV’s profit will be $459.28 million for 11.98 P/E if the $3.04 EPS becomes a reality. After $0.65 actual earnings per share reported by Andeavor for the previous quarter, Wall Street now forecasts 367.69 % EPS growth.

More notable recent Andeavor (NYSE:ANDV) news were published by: Seekingalpha.com which released: “The Marathon Deal Is Great For Andeavor’s Shareholders” on May 02, 2018, also Seekingalpha.com with their article: “Marathon Petroleum to buy Andeavor for $23B” published on April 30, 2018, Benzinga.com published: “Marathon Petroleum, Andeavor Reach Merger Agreement” on April 30, 2018. More interesting news about Andeavor (NYSE:ANDV) were released by: Investorplace.com and their article: “Rising Gas Prices? Fill Up Your Tank With These 3 Stocks Instead” published on May 16, 2018 as well as Bizjournals.com‘s news article titled: “Three-person team to oversee Marathon acquisition of Andeavor” with publication date: May 11, 2018.

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing firm in the United States. The company has market cap of $22.02 billion. The firm operates through three divisions: Refining, TLLP, and Marketing. It has a 13.48 P/E ratio. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt.

Andeavor (NYSE:ANDV) Ratings Chart

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