Shares of Tesoro Logistics LP (NASDAQ:TLLP) have been assigned a consensus broker rating score of 1.50 (Buy) from the twelve brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a strong buy recommendation on the company. Tesoro Logistics’ rating score has declined by 7.1% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $55.70 for the company and are forecasting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned Tesoro Logistics an industry rank of 183 out of 265 based on the ratings given to its competitors.
TLLP has been the topic of a number of recent research reports. Deutsche Bank AG set a $54.00 price target on shares of Tesoro Logistics and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research lowered shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday. Mizuho initiated coverage on shares of Tesoro Logistics in a research note on Thursday, September 29th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, Jefferies Group initiated coverage on shares of Tesoro Logistics in a research note on Tuesday, August 23rd. They set a “hold” rating and a $49.00 price objective on the stock.
Shares of Tesoro Logistics (NASDAQ:TLLP) traded down 1.0099% during mid-day trading on Friday, reaching $45.9314. 353,809 shares of the company were exchanged. The company’s 50-day moving average is $47.24 and its 200 day moving average is $47.22. Tesoro Logistics has a 12 month low of $35.18 and a 12 month high of $56.92. The firm has a market capitalization of $4.64 billion and a price-to-earnings ratio of 20.6248.
Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $293 million for the quarter, compared to analysts’ expectations of $275 million. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Analysts predict that Tesoro Logistics will post $2.63 EPS for the current year.
In other news, CFO Steven Sterin acquired 1,600 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $47.34 per share, for a total transaction of $75,744.00. Following the completion of the purchase, the chief financial officer now directly owns 2,514 shares of the company’s stock, valued at approximately $119,012.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently bought a new stake in Tesoro Logistics stock. Creative Planning purchased a new position in Tesoro Logistics LP (NASDAQ:TLLP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $121,000.
About Tesoro Logistics
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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