Tesoro Logistics (TLLP) Earning Somewhat Positive Press Coverage, Study Shows
News stories about Tesoro Logistics (NASDAQ:TLLP) have trended somewhat positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesoro Logistics earned a media sentiment score of 0.18 on AlphaOne’s scale. AlphaOne also gave media headlines about the oil and gas company an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted AlphaOne Sentiment’s scoring:
- Q1 2017 EPS Estimates for Tesoro Logistics LP Decreased by Jefferies Group (TLLP) (americanbankingnews.com)
- Tesoro Logistics LP (TLLP) Declares Quarterly Dividend of $0.94 (americanbankingnews.com)
- Tesoro Logistics LP (TLLP) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Tesoro Logistics LP (TLLP) Given Hold Rating at Jefferies Group LLC (americanbankingnews.com)
- BRIEF-Tesoro Logistics announces 24th consecutive quarterly distribution increase (reuters.com)
Shares of Tesoro Logistics (NASDAQ:TLLP) traded up 0.15% during trading on Friday, reaching $54.37. The company had a trading volume of 207,668 shares. Tesoro Logistics has a 1-year low of $42.92 and a 1-year high of $60.14. The firm has a 50-day moving average of $54.17 and a 200 day moving average of $51.64. The firm has a market capitalization of $5.60 billion and a PE ratio of 29.07.
Tesoro Logistics (NASDAQ:TLLP) last posted its quarterly earnings results on Monday, February 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.25. The company had revenue of $319 million for the quarter, compared to analysts’ expectations of $319.77 million. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. Analysts expect that Tesoro Logistics will post $2.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, May 5th will be issued a dividend of $0.94 per share. This is a boost from Tesoro Logistics’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 6.92%. The ex-dividend date is Wednesday, May 3rd.
Several analysts have recently commented on the company. Citigroup Inc reiterated a “buy” rating on shares of Tesoro Logistics in a report on Monday, January 30th. Zacks Investment Research lowered Tesoro Logistics from a “buy” rating to a “hold” rating in a report on Saturday, February 11th. Scotiabank set a $63.00 price objective on Tesoro Logistics and gave the company a “buy” rating in a report on Monday, February 6th. Mizuho lowered Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a report on Wednesday, February 8th. Finally, Jefferies Group LLC decreased their price objective on Tesoro Logistics from $53.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tesoro Logistics currently has a consensus rating of “Buy” and a consensus price target of $58.25.
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About Tesoro Logistics
Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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