Investors Buy Large Volume of Tesoro Corp. Call Options (TSO)
Shares of Tesoro Corp. (NYSE:TSO) was the recipient of unusually large options trading on Monday. Stock traders purchased 8,031 call options on the stock, ARN reports. This represents an increase of approximately 158% compared to the typical volume of 3,115 call options.
TSO has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of Tesoro Corp. from $65.00 to $60.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Separately, 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, October 8th. They now have an “overweight” rating on the stock. Finally, 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, October 4th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Tesoro Corp. has a consensus rating of “Buy” and an average target price of $63.25.
Shares of Tesoro Corp. (NYSE:TSO) traded up 0.84% during mid-day trading on Monday, hitting $45.57. 2,418,217 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’s 50-day moving average is $45.22 and its 200-day moving average is $52.41. The company has a market cap of $6.188 billion and a P/E ratio of 10.24.
Tesoro Corp. (NYSE:TSO) last released its 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. Analysts expect that Tesoro Corp. will post $3.65 EPS for the current fiscal year.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.