Several other research firms have also recently weighed in on TLLP. Mizuho began coverage on shares of Tesoro Logistics in a research note on Thursday, September 29th. They issued a buy rating and a $58.00 price target for the company. Zacks Investment Research cut shares of Tesoro Logistics from a hold rating to a sell rating in a research note on Tuesday. Finally, Jefferies Group began coverage on shares of Tesoro Logistics in a research note on Tuesday, August 23rd. They issued a hold rating and a $49.00 price target for the company.
Tesoro Logistics (NASDAQ:TLLP) opened at 46.64 on Monday. Tesoro Logistics has a 12 month low of $35.18 and a 12 month high of $56.92. The firm’s 50 day moving average price is $47.23 and its 200 day moving average price is $47.22. The stock has a market cap of $4.71 billion and a price-to-earnings ratio of 20.94.
Tesoro Logistics (NASDAQ:TLLP) last posted 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 analyst estimates of $275 million. During the same period last year, the business posted $0.60 earnings per share. Tesoro Logistics’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Tesoro Logistics will post $2.63 EPS for the current fiscal year.
In related news, CFO Steven Sterin acquired 1,600 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of $47.34 per share, with a total value of $75,744.00. Following the transaction, the chief financial officer now owns 2,514 shares of the company’s stock, valued at approximately $119,012.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently bought a new stake in Tesoro Logistics stock. Creative Planning acquired a new position in Tesoro Logistics LP (NASDAQ:TLLP) during the third quarter, according to its most recent filing with the SEC. The fund acquired 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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