Tesoro Logistics PT Lowered to $69.00 (TLLP)
Analysts at RBC Capital dropped their price target on shares of Tesoro Logistics (NASDAQ:TLLP) from $75.00 to $69.00 in a research report issued to clients and investors on Friday. RBC Capital’s price objective would indicate a potential upside of 3.74% from the stock’s previous close.
TLLP has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Tesoro Logistics from $74.00 to $80.00 in a research note on Thursday, July 24th. They now have a “sector outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tesoro Logistics in a research note on Wednesday, July 23rd. They now have a $81.00 price target on the stock, up previously from $67.00. Finally, analysts at Credit Suisse raised their price target on shares of Tesoro Logistics from $73.00 to $74.00 in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $73.74.
Tesoro Logistics (NASDAQ:TLLP) traded down 0.17% on Friday, hitting $66.51. The stock had a trading volume of 301,428 shares. Tesoro Logistics has a 1-year low of $47.40 and a 1-year high of $75.55. The stock has a 50-day moving average of $71.50 and a 200-day moving average of $64.62. The company has a market cap of $3.622 billion and a P/E ratio of 38.05.
Tesoro Logistics (NASDAQ:TLLP) last released its earnings data on Thursday, July 31st. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.08. Analysts expect that Tesoro Logistics will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 4th will be given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Tesoro Logistics’s previous quarterly dividend of $0.59.
Tesoro Logistics LP (NASDAQ:TLLP) owns, operates, develops and acquires crude oil and refined products logistics assets.
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.