Tesoro Logistics LP (NASDAQ:TLLP) has been given a $54.00 price target by stock analysts at Deutsche Bank AG in a note issued to investors on Monday. The brokerage currently has a a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 14.94% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Mizuho started coverage on Tesoro Logistics in a research note on Thursday, September 29th. They issued a “buy” rating and a $58.00 target price for the company. Jefferies Group started coverage on Tesoro Logistics in a research note on Tuesday, August 23rd. They issued a “hold” rating and a $49.00 target price for the company. Finally, Zacks Investment Research cut Tesoro Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday.
Tesoro Logistics (NASDAQ:TLLP) opened at 46.98 on Monday. The firm has a market cap of $4.75 billion and a price-to-earnings ratio of 21.10. The firm’s 50-day moving average price is $47.23 and its 200-day moving average price is $47.23. Tesoro Logistics has a 12 month low of $35.18 and a 12 month high of $56.92.
Tesoro Logistics (NASDAQ:TLLP) last released its earnings results on Wednesday, August 3rd. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Equities research analysts predict that Tesoro Logistics will post $2.63 earnings per share for the current year.
In related news, CFO Steven Sterin purchased 1,600 shares of Tesoro Logistics stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $47.34 per share, for a total transaction of $75,744.00. Following the transaction, the chief financial officer now directly owns 2,514 shares of the company’s stock, valued at $119,012.76. The transaction 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.
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