News articles about Tesoro Logistics (NASDAQ:TLLP) have been trending somewhat positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesoro Logistics earned a coverage optimism score of 0.05 on AlphaOne’s scale. AlphaOne also assigned media headlines about the oil and gas company an impact score of 81 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Tesoro Corporation : to Participate in the Wells Fargo West Coast Energy Conference (4-traders.com)
- Tesoro Logistics LP (TLLP) Downgraded by BidaskClub (americanbankingnews.com)
- Zacks: Brokerages Expect Tesoro Logistics LP (TLLP) Will Announce Quarterly Sales of $444.65 Million (americanbankingnews.com)
- Tesoro Corporation to Participate in the Wells Fargo West Coast Energy Conference (finance.yahoo.com)
- Tesoro Logistics (TLLP) Earns Daily News Impact Score of 0.31 (campdesrecrues.com)
Shares of Tesoro Logistics (TLLP) traded up 1.08% on Friday, hitting $48.70. The company had a trading volume of 596,805 shares. The firm has a market capitalization of $5.26 billion and a price-to-earnings ratio of 27.77. Tesoro Logistics has a 1-year low of $43.00 and a 1-year high of $60.14. The company has a 50 day moving average price of $52.62 and a 200 day moving average price of $53.47.
Tesoro Logistics (NASDAQ:TLLP) last issued its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by $0.12. The company had revenue of $420 million during the quarter, compared to analyst estimates of $348.74 million. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. On average, equities analysts forecast that Tesoro Logistics will post $2.66 earnings per share for the current fiscal year.
Several research firms have weighed in on TLLP. Scotiabank reiterated a “buy” rating and set a $63.00 price objective on shares of Tesoro Logistics in a research report on Thursday, April 27th. Zacks Investment Research cut Tesoro Logistics from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. Jefferies Group LLC lowered their price objective on Tesoro Logistics from $53.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, April 19th. Barclays PLC reiterated an “overweight” rating and set a $65.00 price objective on shares of Tesoro Logistics in a research report on Friday, June 2nd. Finally, SunTrust Banks, Inc. began coverage on Tesoro Logistics in a research report on Monday, March 20th. They set a “buy” rating and a $62.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Tesoro Logistics has an average rating of “Buy” and an average target price of $59.13.
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About Tesoro Logistics
Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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