Somewhat Positive News Coverage Somewhat Unlikely to Affect Tesoro Logistics (ANDX) Stock Price
News coverage about Tesoro Logistics (NYSE:ANDX) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesoro Logistics earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.0354352949343 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Financial Analysis: Tesoro Logistics (ANDX) vs. Its Rivals (americanbankingnews.com)
- Tesoro Logistics (ANDX) versus The Competition Head to Head Contrast (americanbankingnews.com)
- Tesoro Logistics LP (ANDX) Sees Significant Decline in Short Interest (americanbankingnews.com)
- Tesoro Logistics LP (ANDX) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Head-To-Head Contrast: Tesoro Logistics (ANDX) and Its Peers (americanbankingnews.com)
A number of brokerages have issued reports on ANDX. Scotiabank reiterated a “buy” rating and set a $59.00 price target on shares of Tesoro Logistics in a research report on Thursday, August 17th. Mitsubishi UFJ Financial Group upgraded Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Wednesday, August 16th. BidaskClub lowered Tesoro Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Barclays restated an “overweight” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Tesoro Logistics in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Tesoro Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.38.
Tesoro Logistics (NYSE:ANDX) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. The business had revenue of $444.00 million during the quarter, compared to analyst estimates of $414.69 million. Tesoro Logistics had a return on equity of 22.48% and a net margin of 23.50%. The company’s revenue was up 44.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. equities research analysts expect that Tesoro Logistics will post 2.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.9852 per share. This represents a $3.94 annualized dividend and a dividend yield of 8.49%. The ex-dividend date of this dividend was Thursday, November 2nd. Tesoro Logistics’s dividend payout ratio is 167.66%.
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Tesoro Logistics Company Profile
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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