Tesoro Logistics LP Now Covered by Howard Weil (TLLP)
Equities researchers at Howard Weil initiated coverage on shares of Tesoro Logistics LP (NASDAQ:TLLP) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $61.00 price target on the stock. Howard Weil’s target price would suggest a potential upside of 18.65% from the company’s current price.
Shares of Tesoro Logistics LP (NASDAQ:TLLP) traded up 0.31% during mid-day trading on Monday, hitting $51.41. 240,446 shares of the company’s stock traded hands. Tesoro Logistics LP has a 52 week low of $41.26 and a 52 week high of $71.92. The stock has a 50-day moving average of $53.6 and a 200-day moving average of $56.36. The company has a market cap of $2.415 billion and a P/E ratio of 33.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV Capital initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Monday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tesoro Logistics LP in a research note to investors on Monday, November 18th. They now have a $60.00 price target on the stock, up previously from $59.00. Finally, analysts at Zacks upgraded shares of Tesoro Logistics LP from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $53.70 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.39.
Tesoro Logistics LP is a fee-based Delaware limited partnership formed by Tesoro Corporation (NASDAQ:TLLP) to own, operate, develop and acquire crude oil and refined products logistics assets.
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