Tesoro Logistics LP (TLLP) Given a $54.00 Price Target by Deutsche Bank AG Analysts
Tesoro Logistics LP (NASDAQ:TLLP) has been assigned a $54.00 price objective by 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 target price would indicate a potential upside of 14.67% from the company’s current price.
Other research analysts have also issued reports about the company. Jefferies Group initiated coverage on Tesoro Logistics in a research report on Tuesday, August 23rd. They set a “hold” rating and a $49.00 target price for the company. Mizuho initiated coverage on Tesoro Logistics in a research report on Thursday, September 29th. They set a “buy” rating and a $58.00 target price for the company. Finally, Zacks Investment Research lowered Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday.
Tesoro Logistics (NASDAQ:TLLP) traded down 1.709% on Monday, hitting $46.285. The stock had a trading volume of 222,167 shares. The company has a 50-day moving average price of $47.20 and a 200-day moving average price of $47.23. The stock has a market capitalization of $4.68 billion and a price-to-earnings ratio of 20.784. Tesoro Logistics has a 52 week low of $35.18 and a 52 week high of $56.92.
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Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.12. The firm earned $293 million during the quarter, compared to the consensus estimate of $275 million. During the same period last year, the firm earned $0.60 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Tesoro Logistics will post $2.63 earnings per share for the current fiscal year.
In other Tesoro Logistics news, CFO Steven Sterin acquired 1,600 shares of the stock in a transaction dated Friday, August 26th. The stock was purchased at an average cost of $47.34 per share, with a total value of $75,744.00. Following the transaction, the chief financial officer now owns 2,514 shares in the company, valued at approximately $119,012.76. The acquisition was disclosed in a filing with the SEC, which is available at 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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