Tesoro Corp. Given Consensus Recommendation of “Buy” by Analysts (NYSE:TSO)
Tesoro Corp. (NYSE:TSO) has been given a consensus rating of “Buy” by the fourteen analysts that are presently covering the stock, AnalystRatings.NET reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $71.11.
In other Tesoro Corp. news, SVP Daryl R. Schofield sold 3,853 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $60.52, for a total value of $233,183.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Tesoro Corp. (NYSE:TSO) traded up 0.40% during mid-day trading on Wednesday, hitting $62.45. 396,330 shares of the company’s stock traded hands. Tesoro Corp. has a 52-week low of $40.90 and a 52-week high of $63.74. The stock has a 50-day moving average of $59.94 and a 200-day moving average of $54.82. The company has a market cap of $8.075 billion and a P/E ratio of 21.17. Tesoro Corp. also was the recipient of some unusual options trading on Monday. Investors purchased 3,603 put options on the company. This represents an increase of approximately 138% compared to the typical daily volume of 1,511 put options.
Tesoro Corp. (NYSE:TSO) last released its earnings data on Wednesday, July 30th. The company reported $1.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.82 by $0.12. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts expect that Tesoro Corp. will post $4.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a positive change from Tesoro Corp.’s previous quarterly dividend of $0.25.
Separately, analysts at Credit Suisse raised their price target on shares of Tesoro Corp. from $65.00 to $75.00 in a research note on Friday, August 1st.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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