Tesoro Corp. Target of Unusually High Options Trading (TSO)
Tesoro Corp. (NYSE:TSO) saw some unusual options trading activity on Friday. Traders acquired 20,008 call options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 783% compared to the typical volume of 2,267 call options.
Several analysts have recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of Tesoro Corp. (NYSE:TSO) from $65.00 to $59.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of Tesoro Corp. (NYSE:TSO) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Macquarie cut their price target on shares of Tesoro Corp. (NYSE:TSO) from $65.00 to $57.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $65.33.
Shares of Tesoro Corp. (NYSE:TSO) traded up 0.96% on Friday, hitting $44.21. 3,360,179 shares of the company’s stock traded hands. Tesoro Corp. has a one year low of $35.28 and a one year high of $65.75. The stock has a 50-day moving average of $46.06 and a 200-day moving average of $53.03. The company has a market cap of $6.004 billion and a P/E ratio of 9.92.
Tesoro Corp. (NYSE:TSO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.46 by $0.10. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, analysts predict that Tesoro Corp. will post $4.18 earnings per share for the current fiscal year.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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