Equities research analysts expect Tesoro Logistics LP (NASDAQ:TLLP) to post $444.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Tesoro Logistics’ earnings. The highest sales estimate is $448.00 million and the lowest is $441.29 million. Tesoro Logistics reported sales of $293.00 million in the same quarter last year, which indicates a positive year over year growth rate of 51.8%. The company is scheduled to announce its next earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that Tesoro Logistics will report full year sales of $444.65 million for the current financial year, with estimates ranging from $1.85 billion to $1.87 billion. For the next fiscal year, analysts expect that the business will report sales of $2.21 billion per share, with estimates ranging from $2.13 billion to $2.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Tesoro Logistics.
Tesoro Logistics (NASDAQ:TLLP) last announced its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.12. The business had revenue of $420 million during the quarter, compared to analysts’ expectations of $348.74 million. The business’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS.
Several brokerages recently weighed in on TLLP. Jefferies Group LLC set a $52.00 price objective on shares of Tesoro Logistics and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Scotiabank reissued a “buy” rating and issued a $63.00 price objective on shares of Tesoro Logistics in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Tesoro Logistics from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BidaskClub cut shares of Tesoro Logistics from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays PLC reissued an “overweight” rating and issued a $65.00 price objective on shares of Tesoro Logistics in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.13.
A number of hedge funds have recently modified their holdings of TLLP. Country Club Trust Company n.a. boosted its stake in shares of Tesoro Logistics by 1.4% in the first quarter. Country Club Trust Company n.a. now owns 10,199 shares of the oil and gas company’s stock worth $556,000 after buying an additional 142 shares during the period. Searle & CO. purchased a new stake in shares of Tesoro Logistics during the fourth quarter worth approximately $264,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Tesoro Logistics during the fourth quarter worth approximately $17,283,000. Whalerock Point Partners LLC boosted its stake in shares of Tesoro Logistics by 4.2% in the fourth quarter. Whalerock Point Partners LLC now owns 37,000 shares of the oil and gas company’s stock worth $1,880,000 after buying an additional 1,500 shares during the period. Finally, Brookfield Asset Management Inc. purchased a new stake in shares of Tesoro Logistics during the fourth quarter worth approximately $2,693,000.
Shares of Tesoro Logistics (NASDAQ TLLP) traded up 1.08% on Thursday, reaching $48.70. The company’s stock had a trading volume of 597,781 shares. The firm has a 50 day moving average of $52.44 and a 200 day moving average of $53.48. The company has a market cap of $5.26 billion and a PE ratio of 27.77. Tesoro Logistics has a 52-week low of $43.00 and a 52-week high of $60.14.
Tesoro Logistics Company Profile
Tesoro Logistics LP is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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