Tesoro Logistics LP (TLLP) Given a $49.00 Price Target at Jefferies Group
Tesoro Logistics LP (NASDAQ:TLLP) received a $49.00 price target from Jefferies Group in a research report issued on Saturday. The firm currently has a a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 6.27% from the company’s current price.
A number of other equities analysts have also commented on TLLP. Mizuho started coverage on shares of Tesoro Logistics in a report on Thursday, September 29th. They issued a “buy” rating and a $58.00 price objective on the stock. Zacks Investment Research lowered shares of Tesoro Logistics from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Finally, Deutsche Bank AG set a $54.00 price objective on shares of Tesoro Logistics and gave the stock a “buy” rating in a report on Monday, October 10th.
Tesoro Logistics (NASDAQ:TLLP) traded down 0.63% during midday trading on Friday, hitting $46.11. The stock had a trading volume of 602,388 shares. The firm has a market cap of $4.66 billion and a P/E ratio of 20.70. Tesoro Logistics has a 12-month low of $35.18 and a 12-month high of $56.92. The stock has a 50-day moving average price of $47.21 and a 200 day moving average price of $47.24.
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Tesoro Logistics (NASDAQ:TLLP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $293 million for the quarter, compared to analysts’ expectations of $275 million. During the same quarter in the prior year, the company earned $0.60 EPS. Tesoro Logistics’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Tesoro Logistics will post $2.63 earnings per share for the current fiscal year.
In related news, CFO Steven Sterin bought 1,600 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was bought at an average price 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 of the company’s stock, valued at $119,012.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Several large investors have recently added to or reduced their stakes in the company. Creative Planning bought a new stake in Tesoro Logistics during the third quarter valued at $121,000. Advisor Consultant Network Inc. bought a new stake in Tesoro Logistics during the third quarter valued at $487,000. Finally, Spirit of America Management Corp NY increased its stake in Tesoro Logistics by 0.9% in the third quarter. Spirit of America Management Corp NY now owns 221,057 shares of the company’s stock valued at $10,708,000 after buying an additional 2,000 shares during the last quarter.
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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