Tesoro Logistics LP (TLLP) Research Coverage Started at Mizuho

Mizuho began coverage on shares of Tesoro Logistics LP (NASDAQ:TLLP) in a research note released on Thursday. The firm issued a buy rating and a $58.00 price objective on the stock.

Separately, Jefferies Group initiated coverage on Tesoro Logistics in a report on Tuesday, August 23rd. They issued a hold rating and a $49.00 price objective for the company.

Tesoro Logistics (NASDAQ:TLLP) opened at 48.01 on Thursday. Tesoro Logistics has a 12-month low of $35.18 and a 12-month high of $56.92. The company has a market cap of $4.85 billion and a PE ratio of 21.56. The company has a 50-day moving average price of $46.98 and a 200 day moving average price of $47.13.

Tesoro Logistics (NASDAQ:TLLP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 period in the prior year, the firm posted $0.60 earnings per share. On average, analysts forecast 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 company’s stock in a transaction on Friday, August 26th. The stock was 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 of the company’s stock, valued at $119,012.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.

5 Day Chart for NASDAQ:TLLP

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