Tesoro Corp. Given Consensus Rating of “Buy” by Analysts (NYSE:TSO)
Shares of Tesoro Corp. (NYSE:TSO) have earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock, AnalystRatings.NET reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $71.11.
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.
In other Tesoro Corp. news, SVP Daryl R. Schofield sold 3,853 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $60.52, for a total value of $233,183.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Tesoro Corp. (NYSE:TSO) opened at 62.96 on Wednesday. Tesoro Corp. has a 52 week low of $40.90 and a 52 week high of $64.20. The stock’s 50-day moving average is $60.25 and its 200-day moving average is $55.03. The company has a market cap of $8.141 billion and a P/E ratio of 21.68.
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 last year, the company posted $1.56 earnings per share. Tesoro Corp.’s revenue was up 24.8% compared to the same quarter last year. On average, analysts predict that Tesoro Corp. will post $4.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, August 27th. This is an increase from Tesoro Corp.’s previous quarterly dividend of $0.25.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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