SunTrust Robinson Humphrey Initiates Coverage On Tesoro Logistics LP to Buy with Price Target $62

SunTrust Robinson Humphrey Initiates Coverage On Tesoro Logistics LP(TLLP). In a research note issued to the investors, the brokerage major Announces the price-target to $62 per share. The shares have been rated Buy. The rating by the stock financial advisor at SunTrust Robinson Humphrey was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 8, 2017, Mizuho said it Downgrades its rating on Tesoro Logistics LP. According to the research note, Mizuho Lowers the price target to $56 per share from a prior target of $59. The shares have been rated ‘Neutral’ by the firm.

Tesoro Logistics LP (TLLP) made into the market gainers list on Fridays trading session with the shares advancing 0.51% or 0.27 points. Due to strong positive momentum, the stock ended at $52.85, which is also near the day’s high of $53.15. The stock began the session at $52.69 and the volume stood at 4,08,649 shares. The 52-week high of the shares is $60.142 and the 52 week low is $41.22. The company has a current market capitalization of $5,443 M and it has 10,29,96,246 shares in outstanding.

Tesoro Logistics LP(TLLP) last announced its earnings results on Feb 6, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $319.000M. Analysts had an estimated revenue of $322.100M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. 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.

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