Andeavor ANDV was a big mover last session, as the company saw its shares rise 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 37.6% in the past one-month time frame.
The stock was driven by rumors of a potential buyout of the company by Marathon Petroleum for more than $20 billion.
The company has seen a mixed track record when it comes to estimate revisions of one increase and seven decreases over the past month, while the Zacks Consensus Estimate has moved lower in the said time period. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Andeavor currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Oil and Gas – Refining and Marketing industry may consider RGC Resources, Inc. RGCO, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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