According to Zacks, “Tesoro Logistics LP is a limited partnership formed to own, operate, develop and acquire crude oil and refined products logistics assets. The Company’s logistics assets are used to gather, transport and store crude oil and to distribute, transport and store refined products. Tesoro Logistics operates its business through two business segments: Crude Oil Gathering and Terminalling, Transportation and Storage. “
Other equities analysts have also recently issued research reports about the company. Mizuho began coverage on Tesoro Logistics in a report on Thursday, September 29th. They issued a “buy” rating and a $58.00 price target on the stock. Jefferies Group began coverage on Tesoro Logistics in a report on Tuesday, August 23rd. They issued a “hold” rating and a $49.00 price target on the stock.
Tesoro Logistics (NASDAQ:TLLP) traded down 1.25% during trading on Tuesday, reaching $46.50. The company’s stock had a trading volume of 200,500 shares. The firm has a market cap of $4.70 billion and a P/E ratio of 20.88. Tesoro Logistics has a 52 week low of $35.18 and a 52 week high of $56.92. The stock’s 50 day moving average is $47.20 and its 200-day moving average is $47.23.
Tesoro Logistics (NASDAQ:TLLP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by $0.12. The firm earned $293 million during the quarter, compared to the consensus estimate of $275 million. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Tesoro Logistics will post $2.63 earnings per share for the current fiscal year.
In other news, CFO Steven Sterin purchased 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of $47.34 per share, for a total transaction of $75,744.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,514 shares in the company, valued at $119,012.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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.
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