Mizuho Securities Initiates Coverage on Tesoro Logistics LP to Buy

Mizuho Securities Initiates Coverage on Tesoro Logistics LP(NYSE:TLLP). The shares have been rated Buy. The rating by Mizuho Securities was issued on Sep 30, 2016.

In a different note, Jefferies said it Initiates Coverage on Tesoro Logistics LP, according to a research note issued on Aug 22, 2016. The shares have been rated ‘Hold’ by the firm.

Tesoro Logistics LP (TLLP) shares turned negative on Tuesdays trading session with the shares closing down -0.13 points or -0.27% at a volume of 1,97,192. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.48. The peak price level was also seen at $48.48 while the days lowest was $47.43. Finally the shares closed at $47.88. The 52-week high of the shares is $56.9199 while the 52-week low is $35.18. According to the latest information available, the market cap of the company is $4,840 M.

Tesoro Logistics LP(TLLP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $293.00M. Analysts had an estimated revenue of $304.04M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Steven Sterin (CFO) purchased 1,600 shares at $47.34 per share price.

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 segments: Gathering Processing and Terminalling and Transportation. The Company’s Gathering segment consists of crude oil natural gas and produced water gathering systems. The Company’s Processing segment consists of four gas processing complexes. The Terminalling and Transportation segment consists of the Northwest Products Pipeline a regulated common carrier refined products pipeline system 24 crude oil and refined products terminals and storage facilities four marine terminals in California a rail-car unloading facility in Washington a petroleum coke handling and storage facility in Los Angeles and other pipelines which transport products and crude oil from Tesoro’s refineries to facilities in Salt Lake City and Los Angeles.

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