Revenue Update on Tesoro Logistics LP(NYSE:TLLP)

Tesoro Logistics LP(NYSE:TLLP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $293.00M. Analysts estimated a revenue of $304.04M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.65.

In a different note, On May 16, 2016, JP Morgan said it Maintains its rating on Tesoro Logistics LP. In the research note, the firm Raises the price-target to $57.00 per share. The shares have been rated ‘Overweight’ by the firm.

Tesoro Logistics LP (TLLP) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.64% at a volume of 5,71,479. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.37. The peak price level was also seen at $46.37 while the days lowest was $44.89. Finally the shares closed at $45.11. 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 $4,560 M.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, Steven Sterin (CFO) purchased 2,214 shares at $44.34 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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