Investment analysts at Mizuho assumed coverage on shares of Tesoro Logistics LP (NASDAQ:TLLP) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $58.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 19.74% from the company’s current price.

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

Shares of Tesoro Logistics (NASDAQ:TLLP) opened at 48.44 on Thursday. The company has a 50-day moving average of $46.90 and a 200 day moving average of $47.08. Tesoro Logistics has a 12 month low of $35.18 and a 12 month high of $56.92. The company has a market capitalization of $4.90 billion and a P/E ratio of 21.75.

Tesoro Logistics (NASDAQ:TLLP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.48 earnings per share for the quarter, missing the Zacks’ 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 firm earned $0.60 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Tesoro Logistics will post $2.63 EPS for the current year.

In related news, CFO Steven Sterin bought 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $47.34 per share, for a total transaction of $75,744.00. Following the purchase, the chief financial officer now directly owns 2,514 shares in the company, valued at $119,012.76. The purchase was disclosed in a filing with the SEC, which is available through this link.

Tesoro Logistics Company Profile

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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