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Tesoro Corp. (NYSE:TSO) was downgraded by analysts at Howard Weil from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.

TSO has been the subject of a number of other recent research reports. Analysts at Merrill Lynch upgraded shares of Tesoro Corp. to a “buy” rating in a research note to investors on Friday, January 3rd. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Tesoro Corp. from $67.00 to $68.00 in a research note to investors on Monday, December 16th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tesoro Corp. in a research note to investors on Wednesday, December 11th. They now have a $62.00 price target on the stock, up previously from $55.00. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.08.

Shares of Tesoro Corp. (NYSE:TSO) opened at 56.77 on Wednesday. Tesoro Corp. has a 1-year low of $40.76 and a 1-year high of $65.75. The stock’s 50-day moving average is $57.3 and its 200-day moving average is $51.23. The company has a market cap of $7.641 billion and a price-to-earnings ratio of 17.73.

Tesoro Corp. (NYSE:TSO) last released its earnings data on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.06. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. On average, analysts predict that Tesoro Corp. will post $3.19 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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