News headlines about Tesoro Corporation (NYSE:ANDV) have trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesoro Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.6844256976106 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Auburn’s Flyers Energy sells 39 retail stores, getting out of retail business – Sacramento Business Journal (bizjournals.com)
- You Wouldn't Believe the Size of Phillips 66's Annual Oil Bill (finance.yahoo.com)
- Andeavor, formerly Tesoro, says earnings plunge 90 percent (chron.com)
Shares of Tesoro Corporation (ANDV) traded down 1.65% on Thursday, hitting $93.83. The stock had a trading volume of 2,112,803 shares. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 15.69 and a beta of 1.71. The stock has a 50 day moving average price of $96.18 and a 200-day moving average price of $86.80. Tesoro Corporation has a 12-month low of $72.95 and a 12-month high of $101.52.
Tesoro Corporation (NYSE:ANDV) last posted its earnings results on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. Tesoro Corporation had a return on equity of 5.91% and a net margin of 1.22%. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $1.19 EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts expect that Tesoro Corporation will post $4.95 earnings per share for the current year.
ANDV has been the topic of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 target price on shares of Tesoro Corporation in a research report on Thursday, July 20th. BidaskClub raised Tesoro Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group boosted their target price on Tesoro Corporation from $100.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, June 20th. Deutsche Bank AG raised Tesoro Corporation from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday, June 5th. Finally, Scotiabank set a $99.00 target price on Tesoro Corporation and gave the company a “buy” rating in a research report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $109.00.
In other news, Director David Lilley bought 500 shares of Tesoro Corporation stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $83.16 per share, with a total value of $41,580.00. Following the acquisition, the director now owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven Sterin bought 1,150 shares of Tesoro Corporation stock in a transaction dated Thursday, June 1st. The stock was purchased at an average cost of $83.75 per share, with a total value of $96,312.50. Following the completion of the acquisition, the chief financial officer now directly owns 9,942 shares in the company, valued at approximately $832,642.50. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by insiders.
Tesoro Corporation Company Profile
Andeavor Corporation, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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