Impact of Brokerage Rating on Tesoro Corporation(TSO)

Many Tesoro Corporation(TSO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Tesoro Corporation was Upgraded by JP Morgan to Overweight on Feb 2, 2017. Tesoro Corporation was Upgraded by Wells Fargo to Outperform on Dec 12, 2016.

Company has reported several Insider transactions to the SEC, on Aug 30, 2016, Steven Sterin (CFO) purchased 1,100 shares at 73.93 per share price.On May 25, 2016, Daryl R Schofield (SVP, Commercial) sold 2,660 shares at 80.00 per share price.On May 11, 2016, David Lilley (director) purchased 1,000 shares at 77.87 per share price.

Tesoro Corporation Last issued its quarterly earnings results on Feb 6, 2017. The company reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.19. Analyst had a consensus of $0.47. The company had revenue of $6652.00 million for the quarter, compared to analysts expectations of $5904.01 million. The companys revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS.

Tesoro Corporation (NYSE:TSO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 12 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Tesoro Corporation (NYSE:TSO): The mean estimate for the short term price target for Tesoro Corporation (NYSE:TSO) stands at $98.8 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $121 while the lower price target estimate is at $39.

Tesoro Corporation (NYSE:TSO) rose 0.76% or 0.66 points on Tuesday and made its way into the gainers of the day. After trading began at $87.27 the stock was seen hitting $88.01 as a peak level and $86.38 as the lowest level. The stock ended up at $88.01. The daily volume was measured at 1,568,475 shares. The 52-week high of the share price is $93.5 and the 52-week low is $67.8. The company has a market cap of $10,291 million.

Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, Tesoro began operating Alaskas first refinery near Kenai. Today, Tesoro is a FORTUNE 500 company and one of the largest independent petroleum refiners and marketers in the Western United States.

Tesoro

For any feedback and suggestions contact author at James.Copeland@thefoundersdaily.com

Add Comment