What Next for Andeavor (ANDV) Stock After Achieving 52-Week High?

May 18, 2018 - By Maria Brooks

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 EPS, 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 EPS 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: Benzinga.com which released: “Marathon Petroleum, Andeavor Reach Merger Agreement” on April 30, 2018, also Benzinga.com with their article: “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” published on May 08, 2018, Bizjournals.com published: “5 things to know in Texas energy this week” on May 14, 2018. More interesting news about Andeavor (NYSE:ANDV) were released by: Bizjournals.com and their article: “Three-person team to oversee Marathon acquisition of Andeavor” published on May 11, 2018 as well as Investorplace.com‘s news article titled: “Rising Gas Prices? Fill Up Your Tank With These 3 Stocks Instead” with publication date: May 16, 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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