Tesoro Logistics LP (TLLP) Given a $54.00 Price Target by Deutsche Bank AG Analysts
A number of other analysts have also weighed in on the company. Mizuho initiated coverage on Tesoro Logistics in a research note on Thursday, September 29th. They issued a buy rating and a $58.00 target price for the company. Zacks Investment Research lowered Tesoro Logistics from a hold rating to a sell rating in a research report on Tuesday. Finally, Jefferies Group began coverage on Tesoro Logistics in a research report on Tuesday, August 23rd. They issued a hold rating and a $49.00 price objective for the company.
Tesoro Logistics (NASDAQ:TLLP) traded down 1.55% during mid-day trading on Monday, hitting $46.36. 228,690 shares of the stock were exchanged. The stock has a market capitalization of $4.69 billion and a P/E ratio of 20.82. Tesoro Logistics has a 12-month low of $35.18 and a 12-month high of $56.92. The firm has a 50-day moving average price of $47.20 and a 200-day moving average price of $47.23.
Tesoro Logistics (NASDAQ:TLLP) last announced its earnings results 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 earned $293 million during the quarter, compared to the consensus estimate of $275 million. During the same period in the previous year, the business posted $0.60 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that Tesoro Logistics will post $2.63 earnings per share for the current fiscal year.
In other 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 cost of $47.34 per share, for a total transaction of $75,744.00. Following the completion of the transaction, the chief financial officer now directly owns 2,514 shares in the company, valued at $119,012.76. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
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.
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