Tesoro Corp. Sees Unusually High Options Volume (TSO)
Tesoro Corp. (NYSE:TSO) was the target of unusually large options trading on Tuesday. Traders purchased 17,400 put options on the company, Stock Ratings Network.com reports. This represents an increase of 356% compared to the average daily volume of 3,814 put options.
Several analysts have recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Tesoro Corp. from $120.00 to $100.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Tesoro Corp. from $65.00 to $59.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Oppenheimer downgraded shares of Tesoro Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $63.67.
Tesoro Corp. (NYSE:TSO) traded down 4.34% during mid-day trading on Tuesday, hitting $41.65. The stock had a trading volume of 4,418,259 shares. Tesoro Corp. has a 52 week low of $35.28 and a 52 week high of $65.75. The stock has a 50-day moving average of $45.76 and a 200-day moving average of $52.76. The company has a market cap of $5.656 billion and a price-to-earnings ratio of 9.87.
Tesoro Corp. (NYSE:TSO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.87 earnings per share. Tesoro Corp.’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Tesoro Corp. will post $3.75 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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