Morgan Stanley Initiates Coverage on Tesoro Logistics LP(NYSE:TLLP). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Apr 12, 2016.
In a different note, On Mar 15, 2016, JP Morgan said it Maintains its rating on Tesoro Logistics LP. In the research note, the firm Lowers the price-target to $61.00 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 -1.12 points or -2.52% at a volume of 3,44,245. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.8. The peak price level was also seen at $44.8 while the days lowest was $43.17. Finally the shares closed at $43.4. The 52-week high of the shares is $61.74 while the 52-week low is $35.18. According to the latest information available, the market cap of the company is $4,061 M.
Tesoro Logistics LP(TLLP) last announced its earnings results on Feb 1, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $292.00M. Analysts had an estimated revenue of $291.08M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.67.
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.