Analysts at SunTrust Banks, Inc. began coverage on shares of Tesoro Logistics LP (NASDAQ:TLLP) in a report issued on Monday. The firm set a “buy” rating and a $62.00 price target on the stock. SunTrust Banks, Inc.’s target price points to a potential upside of 18.10% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Tesoro Logistics from a “buy” rating to a “hold” rating in a report on Saturday, February 11th. Mizuho downgraded Tesoro Logistics from a “buy” rating to a “neutral” rating and set a $59.00 price target for the company. in a report on Wednesday, February 8th. Scotiabank set a $63.00 price target on Tesoro Logistics and gave the company a “buy” rating in a report on Monday, February 6th. Citigroup Inc reaffirmed a “buy” rating on shares of Tesoro Logistics in a report on Monday, January 30th. Finally, Morgan Stanley raised Tesoro Logistics from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $55.00 to $59.00 in a report on Friday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.56.
Tesoro Logistics (NASDAQ:TLLP) traded down 2.03% during midday trading on Monday, hitting $52.50. 363,157 shares of the stock traded hands. The firm’s 50 day moving average is $56.71 and its 200-day moving average is $50.54. The stock has a market capitalization of $5.41 billion and a PE ratio of 28.07. Tesoro Logistics has a 12-month low of $41.22 and a 12-month high of $60.14.
Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings results on Monday, February 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.25. The business earned $319 million during the quarter, compared to analyst estimates of $319.77 million. During the same period last year, the company earned $0.58 earnings per share. Tesoro Logistics’s revenue was up 9.2% on a year-over-year basis. On average, analysts anticipate that Tesoro Logistics will post $2.97 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Center Coast Capital Advisors LP increased its stake in Tesoro Logistics by 31.6% in the third quarter. Center Coast Capital Advisors LP now owns 6,723,226 shares of the company’s stock worth $325,673,000 after buying an additional 1,615,834 shares in the last quarter. Alps Advisors Inc. increased its stake in Tesoro Logistics by 14.2% in the third quarter. Alps Advisors Inc. now owns 4,333,752 shares of the company’s stock worth $209,927,000 after buying an additional 539,809 shares in the last quarter. Advisory Research Inc. increased its stake in Tesoro Logistics by 4.7% in the fourth quarter. Advisory Research Inc. now owns 2,719,168 shares of the company’s stock worth $138,161,000 after buying an additional 122,671 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in Tesoro Logistics by 111.1% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,690,800 shares of the company’s stock worth $81,887,000 after buying an additional 890,000 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Tesoro Logistics by 7.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 712,427 shares of the company’s stock worth $36,198,000 after buying an additional 52,418 shares in 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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