Jefferies Group LLC Boosts Tesoro Logistics LP (ANDX) Price Target to $45.00
Tesoro Logistics LP (NYSE:ANDX) had its price objective boosted by Jefferies Group LLC from $41.00 to $45.00 in a report released on Monday morning. They currently have a hold rating on the oil and gas company’s stock. Jefferies Group also issued estimates for Tesoro Logistics’ Q4 2017 earnings at $0.84 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.93 EPS, FY2019 earnings at $3.23 EPS, FY2020 earnings at $3.44 EPS and FY2021 earnings at $3.57 EPS.
A number of other research analysts have also recently commented on the stock. Morgan Stanley started coverage on shares of Tesoro Logistics in a report on Wednesday, August 2nd. They issued an overweight rating on the stock. Credit Suisse Group upped their price target on shares of Tesoro Logistics from $59.00 to $63.00 and gave the stock a neutral rating in a report on Friday, August 11th. Barclays PLC cut their price target on shares of Tesoro Logistics from $57.00 to $55.00 and set an overweight rating on the stock in a report on Friday, November 10th. Zacks Investment Research cut shares of Tesoro Logistics from a hold rating to a sell rating in a report on Wednesday, October 18th. Finally, BidaskClub cut shares of Tesoro Logistics from a sell rating to a strong sell rating in a report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $55.38.
Tesoro Logistics (ANDX) opened at $43.92 on Monday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.01 and a current ratio of 1.01. Tesoro Logistics has a 1 year low of $43.21 and a 1 year high of $60.14. The firm has a market cap of $9,483.17, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.17 and a beta of 1.12.
Tesoro Logistics (NYSE:ANDX) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.22. Tesoro Logistics had a net margin of 23.50% and a return on equity of 22.48%. The business had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $414.69 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 44.2% compared to the same quarter last year. equities research analysts expect that Tesoro Logistics will post 2.77 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were issued a $0.9852 dividend. This represents a $3.94 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date was Thursday, November 2nd. Tesoro Logistics’s payout ratio is presently 167.66%.
In other Tesoro Logistics news, insider Steven Sterin acquired 1,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $47.86 per share, with a total value of $47,860.00. Following the completion of the purchase, the insider now directly owns 7,338 shares in the company, valued at $351,196.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. purchased a new stake in Tesoro Logistics in the third quarter worth about $150,000. Duff & Phelps Investment Management Co. purchased a new stake in Tesoro Logistics in the third quarter worth about $24,046,000. BB&T Corp purchased a new stake in Tesoro Logistics in the third quarter worth about $501,000. Dividend Assets Capital LLC purchased a new stake in Tesoro Logistics in the third quarter worth about $32,804,000. Finally, Center Coast Capital Advisors LP purchased a new stake in Tesoro Logistics in the third quarter worth about $304,622,000. 56.36% of the stock is owned by institutional investors.
About Tesoro Logistics
Andeavor Logistics LP, formerly 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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