Somewhat Positive Media Coverage Somewhat Unlikely to Impact Tesoro Corporation (NYSE:ANDV) Stock Price
News stories about Tesoro Corporation (NYSE:ANDV) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesoro Corporation earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.6844256976106 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Auburn’s Flyers Energy sells 39 retail stores, getting out of retail business – Sacramento Business Journal (bizjournals.com)
- You Wouldn't Believe the Size of Phillips 66's Annual Oil Bill (finance.yahoo.com)
- Andeavor, formerly Tesoro, says earnings plunge 90 percent (chron.com)
A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $104.00 price target (down from $109.00) on shares of Tesoro Corporation in a research report on Saturday, April 22nd. Zacks Investment Research lowered shares of Tesoro Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Morgan Stanley raised shares of Tesoro Corporation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $100.00 to $110.00 in a research report on Tuesday, May 30th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Tesoro Corporation in a research report on Thursday, May 25th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tesoro Corporation currently has a consensus rating of “Buy” and an average target price of $109.00.
Tesoro Corporation (NYSE:ANDV) traded down 1.65% on Thursday, reaching $93.83. 2,112,803 shares of the company’s stock traded hands. The firm has a market cap of $15.01 billion, a PE ratio of 15.69 and a beta of 1.71. The firm’s 50-day moving average is $96.18 and its 200 day moving average is $86.80. Tesoro Corporation has a 12 month low of $72.95 and a 12 month high of $101.52.
Tesoro Corporation (NYSE:ANDV) last released its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.16. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.46 billion. Tesoro Corporation had a return on equity of 5.91% and a net margin of 1.22%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Equities analysts predict that Tesoro Corporation will post $4.95 EPS for the current year.
In other Tesoro Corporation news, CFO Steven Sterin purchased 1,150 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average price of $83.75 per share, with a total value of $96,312.50. Following the completion of the purchase, the chief financial officer now directly owns 9,942 shares of the company’s stock, valued at approximately $832,642.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Lilley purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average cost of $83.16 per share, with a total value of $41,580.00. Following the purchase, the director now directly owns 15,134 shares of the company’s stock, valued at $1,258,543.44. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.
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About Tesoro Corporation
Andeavor Corporation, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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