Tesoro Corporation (TSO) : The consensus on Tesoro Corporation (TSO) based on 13 analyst recommendation on the company stock is 1.92, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
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 $78 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $96 with an expected fluctuation of $11.19 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup upgrades its view on Tesoro Corporation (NYSE:TSO) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Citigroup lowers the price target from $92.5 per share to $92 per share on Tesoro Corporation. The rating by the firm was issued on July 19, 2016.
Tesoro Corporation (NYSE:TSO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.58 and $73.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.13, notching a gain of 4.26% for the day. The total traded volume was 2,891,495 . The stock had closed at $73.98 on the previous day.
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.