Shares of Tesoro Logistics LP (NASDAQ:TLLP) have been given an average rating of “Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $59.14.
TLLP has been the subject of several analyst reports. SunTrust Banks, Inc. initiated coverage on Tesoro Logistics in a research report on Monday, March 20th. They set a “buy” rating and a $62.00 target price for the company. Scotiabank reissued a “buy” rating and issued a $63.00 target price on shares of Tesoro Logistics in a research note on Thursday, March 23rd. Zacks Investment Research cut Tesoro Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. 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 research note on Wednesday, April 19th. Finally, Barclays PLC reiterated an “overweight” rating and set a $65.00 target price on shares of Tesoro Logistics in a report on Friday, June 2nd.
Institutional investors have recently bought and sold shares of the stock. FTB Advisors Inc. boosted its stake in shares of Tesoro Logistics by 78.3% in the first quarter. FTB Advisors Inc. now owns 1,849 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 812 shares during the period. Hirtle Callaghan & Co LLC bought a new stake in shares of Tesoro Logistics during the first quarter valued at about $120,000. Airain ltd bought a new stake in shares of Tesoro Logistics during the first quarter valued at about $254,000. Searle & CO. bought a new stake in shares of Tesoro Logistics during the fourth quarter valued at about $264,000. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Tesoro Logistics by 7.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,350 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 350 shares during the period.
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Shares of Tesoro Logistics (NASDAQ:TLLP) traded up 1.08% during trading on Tuesday, hitting $48.70. 597,781 shares of the stock were exchanged. Tesoro Logistics has a one year low of $43.00 and a one year high of $60.14. The stock’s 50 day moving average price is $52.44 and its 200 day moving average price is $53.48. The stock has a market cap of $5.26 billion and a PE ratio of 27.77.
Tesoro Logistics (NASDAQ:TLLP) last posted its earnings results on Monday, May 8th. The oil and gas company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.12. The company had revenue of $420 million during the quarter, compared to analyst estimates of $348.74 million. Tesoro Logistics’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Equities research analysts predict that Tesoro Logistics will post $2.66 EPS for the current year.
Tesoro Logistics Company Profile
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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