Tesoro Logistics LP (TLLP) is Initiated by Mizuho to Buy, Price Target at $58

Tesoro Logistics LP (TLLP) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $58. Mizuho advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Tesoro Logistics LP. Tesoro Logistics LP was Initiated by Jefferies to “Hold” on Aug 23, 2016.

On the company’s financial health, Tesoro Logistics LP reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $293.00 million for the quarter, compared to analysts expectations of $302.32 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Tesoro Logistics LP opened for trading at $47.42 and hit $48.14 on the upside on Tuesday, eventually ending the session at $48.01, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 1,59,624 shares. Company has a market cap of $4,853 M.

In a different news, 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.

Tesoro Logistics LP

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