Shares of Tesoro Logistics LP (NASDAQ:TLLP) have been given an average broker rating score of 1.50 (Buy) from the twelve analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and nine have issued a strong buy rating on the company. Tesoro Logistics’ rating score has declined by 7.1% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $55.70 for the company and are expecting 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 159 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on the company. Jefferies Group set a $49.00 target price on Tesoro Logistics and gave the stock a “hold” rating in a report on Saturday. Zacks Investment Research lowered Tesoro Logistics from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Deutsche Bank AG set a $54.00 price objective on Tesoro Logistics and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Mizuho began coverage on Tesoro Logistics in a report on Thursday, September 29th. They issued a “buy” rating and a $58.00 price objective on the stock.
Shares of Tesoro Logistics (NASDAQ:TLLP) opened at 46.11 on Friday. Tesoro Logistics has a 52 week low of $35.18 and a 52 week high of $56.92. The firm has a market capitalization of $4.66 billion and a price-to-earnings ratio of 20.70. The stock has a 50 day moving average price of $47.21 and a 200-day moving average price of $47.24.
Tesoro Logistics (NASDAQ:TLLP) last posted its 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 company earned $293 million during the quarter, compared to analyst estimates of $275 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that Tesoro Logistics will post $2.63 earnings per share for the current year.
In other news, CFO Steven Sterin acquired 1,600 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $47.34 per share, with a total value of $75,744.00. Following the acquisition, the chief financial officer now directly owns 2,514 shares in the company, valued at approximately $119,012.76. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in Tesoro Logistics during the third quarter worth $121,000. Advisor Consultant Network Inc. bought a new stake in Tesoro Logistics during the third quarter worth $487,000. Finally, Spirit of America Management Corp NY increased its stake in Tesoro Logistics by 0.9% in the third quarter. Spirit of America Management Corp NY now owns 221,057 shares of the company’s stock worth $10,708,000 after buying an additional 2,000 shares during the last quarter.
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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