Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tesoro Logistics (ANDX) Stock Price
Media headlines about Tesoro Logistics (NYSE:ANDX) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tesoro Logistics earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 45.841896434736 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Tesoro Logistics in a research note on Wednesday, August 2nd. They issued an “overweight” rating for the company. Mitsubishi UFJ Financial Group upgraded shares of Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Wednesday, August 16th.
Shares of Tesoro Logistics (NYSE:ANDX) opened at 47.94 on Thursday. Tesoro Logistics has a 52 week low of $43.00 and a 52 week high of $60.14. The stock’s 50 day moving average is $49.44 and its 200 day moving average is $52.07. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 27.55 and a beta of 1.11.
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About Tesoro Logistics
Andeavor Logistics LP, formerly 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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