Research analysts at Mizuho began coverage on shares of Tesoro Logistics LP (NASDAQ:TLLP) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $58.00 price target on the stock. Mizuho’s price target suggests a potential upside of 19.74% from the company’s current price.
Separately, Jefferies Group began coverage on shares of Tesoro Logistics in a research note on Tuesday, August 23rd. They set a “hold” rating and a $49.00 price target for the company.
Tesoro Logistics (NASDAQ:TLLP) opened at 48.44 on Thursday. The company’s 50-day moving average is $46.90 and its 200 day moving average is $47.08. The firm has a market capitalization of $4.90 billion and a PE ratio of 21.75. Tesoro Logistics has a 1-year low of $35.18 and a 1-year high of $56.92.
Tesoro Logistics (NASDAQ:TLLP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.12. The firm had revenue of $293 million for the quarter, compared to the consensus estimate of $275 million. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. On average, equities analysts expect that Tesoro Logistics will post $2.63 EPS for the current fiscal year.
In other news, CFO Steven Sterin bought 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $47.34 per share, with a total value of $75,744.00. Following the completion of the purchase, the chief financial officer now owns 2,514 shares of the company’s stock, valued at $119,012.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Tesoro Logistics Company Profile
Tesoro Logistics LP (TLLP) owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. Its gathering systems include crude oil and natural gas 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.
Receive News & Ratings for Tesoro Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.