Tesoro Corp. Upgraded to Overweight by Simmons (TSO)
Tesoro Corp. (NYSE:TSO) was upgraded by research analysts at Simmons from a “neutral” rating to an “overweight” rating in a report released on Friday, AnalystRatings.NET reports.
Tesoro Corp. (NYSE:TSO) traded up 1.45% on Friday, hitting $57.89. The stock had a trading volume of 1,049,431 shares. Tesoro Corp. has a 1-year low of $40.90 and a 1-year high of $65.75. The stock’s 50-day moving average is $51.76 and its 200-day moving average is $52.58. The company has a market cap of $7.624 billion and a price-to-earnings ratio of 19.05. Tesoro Corp. also was the target of some unusual options trading on Thursday. Stock investors acquired 11,016 call options on the company. This represents an increase of 220% compared to the average daily volume of 3,446 call options.
Tesoro Corp. (NYSE:TSO) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.21. The company had revenue of $125.05 billion for the quarter, compared to the consensus estimate of $8.71 billion. On average, analysts predict that Tesoro Corp. will post $5.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, May 28th.
A number of other firms have also recently commented on TSO. Analysts at Zacks reiterated a “neutral” rating on shares of Tesoro Corp. in a research note on Wednesday, April 16th. They now have a $54.00 price target on the stock. Separately, analysts at Macquarie cut their price target on shares of Tesoro Corp. from $64.00 to $62.00 in a research note on Monday, April 7th. Finally, analysts at Imperial Capital raised their price target on shares of Tesoro Corp. from $63.00 to $64.00 in a research note on Monday, February 10th. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Tesoro Corp. has an average rating of “Buy” and an average target price of $68.42.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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