Tesoro Corporation (TSO) : Analyst Rating Update

Tesoro Corporation (TSO) : Zacks Investment Research ranks Tesoro Corporation (TSO) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.08, which indicates as a Buy.

Tesoro Corporation (TSO) : The most positive equity analysts on Tesoro Corporation (TSO) expects the shares to touch $120, whereas, the least positive believes that the stock will trade at $85 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $105.2 with an expected fluctuation of $13.06 from the mean.

Tesoro Corporation (NYSE:TSO): The stock opened at $74.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.42 for the day. The stock traded down to $69.49 during the day, due to lack of any buying support eventually closed down at $71.16 with a loss of -5.04% for the day. The stock had closed at $74.94 on the previous day. The total traded volume was 4,164,889 shares.

Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Tesoro Corporation (NYSE:TSO). In the latest research report, Goldman Sachs raises the target price from $96 per share to $100 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -18.27% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $119.67 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $77.05 and the 200 Day Moving Average price is recorded at $83.70.

Tesoro Corporation is an independent petroleum refining and marketing company. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels. The Company operates through three business segments: Refining operating segment, which owns and perates six petroleum refineries with a combined crude oil capacity of 850 thousand barrels per day (Mbpd) located in the western United States and sells transportation fuels to a variety of customers; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminalling, transportation and storage assets, and Retail operating segment, which sells transportation fuels in approximately 16 states through a network of approximately 2,267 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.

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