Tesoro Corporation (NYSE:TSO) : 6 brokerage houses believe that Tesoro Corporation (NYSE:TSO) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tesoro Corporation (NYSE:TSO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.08.
Tesoro Corporation (NYSE:TSO) : The consensus price target for Tesoro Corporation (NYSE:TSO) is $105.2 for the short term with a standard deviation of $13.06. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $120, however, the pessimist price target for the company is $85.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Credit Suisse downgrades its ratings on Tesoro Corporation (NYSE:TSO). In the latest research report, Credit Suisse lowers the target price from $100 per share to $90 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 15, 2016.
Tesoro Corporation (NYSE:TSO): stock turned positive on Tuesday. Though the stock opened at $72.98, the bulls momentum made the stock top out at $74.38 level for the day. The stock recorded a low of $71.82 and closed the trading day at $74.04, in the green by 2.61%. The total traded volume for the day was 1,476,213. The stock had closed at $72.16 in the previous days trading.
In an insider trading activity, Schofield Daryl R, officer (SVP, Commercial) of Tesoro Corp /New/, unloaded 2,660 shares at an average price of $80 on May 23, 2016. The total amount of the transaction was worth $212,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.