Tesoro Corporation (TSO) has risen sharply, recording gains of 2.74% in the past 4 weeks. However, the stock has corrected -1.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Tesoro Corporation (NYSE:TSO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.27 and $74.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.71, notching a gain of 0.66% for the day. The total traded volume was 2,403,700 . The stock had closed at $74.22 on the previous day.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 1.85%. Tesoro Corporation has dropped 3.51% during the last 3-month period . Year-to-Date the stock performance stands at -28.19%.
Tesoro Corporation (TSO) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $120 and the lowest price target forecast is $78. The average forecast of all the analysts is $96 and the expected standard deviation is $11.19.
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.