Tesoro Logistics LP (TLLP) Given a $54.00 Price Target at Deutsche Bank AG
Tesoro Logistics LP (NASDAQ:TLLP) has been assigned a $54.00 target price by equities research analysts at Deutsche Bank AG in a research report issued on Monday. The firm presently has a a “buy” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 14.67% from the stock’s previous close.
Several other research analysts have also recently commented on TLLP. Jefferies Group assumed coverage on Tesoro Logistics in a research report on Tuesday, August 23rd. They set a “hold” rating and a $49.00 price target for the company. Zacks Investment Research cut Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Mizuho assumed coverage on Tesoro Logistics in a research report on Thursday, September 29th. They set a “buy” rating and a $58.00 price target for the company.
Shares of Tesoro Logistics (NASDAQ:TLLP) traded down 1.47% during mid-day trading on Monday, hitting $46.40. The stock had a trading volume of 225,183 shares. Tesoro Logistics has a 52 week low of $35.18 and a 52 week high of $56.92. The stock has a market capitalization of $4.69 billion and a P/E ratio of 20.84. The stock has a 50 day moving average of $47.20 and a 200-day moving average of $47.23.
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Tesoro Logistics (NASDAQ:TLLP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.12. The firm earned $293 million during the quarter, compared to the consensus estimate of $275 million. Tesoro Logistics’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. On average, equities research analysts predict that Tesoro Logistics will post $2.63 earnings per share for the current year.
In related news, CFO Steven Sterin purchased 1,600 shares of Tesoro Logistics stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of $47.34 per share, with a total value of $75,744.00. Following the completion of the transaction, the chief financial officer now directly owns 2,514 shares of the company’s stock, valued at approximately $119,012.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
About Tesoro Logistics
Tesoro Logistics LP (TLLP) owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. Its gathering systems include crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana and the Green River Basin, Uinta Basin and Vermillion Basin in the states of Utah, Colorado and Wyoming.
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