Tesoro Logistics LP (TLLP) is Initiated by Jefferies to Hold

Tesoro Logistics LP (TLLP) was Initiated by Jefferies to “Hold”. Jefferies advised their investors in a research report released 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 closed down -0.19 points or -0.41% at $46.01 with 2,76,493 shares getting traded on Friday. Post opening the session at $46.42, the shares hit an intraday low of $45.44 and an intraday high of $46.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, 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.

Tesoro Logistics LP

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