Tesoro (NYSE:TSO) has been upgraded from Neutral to Outperform in a statement by Credit Suisse earlier today.
- Updated: October 11, 2016
Credit Suisse has upgraded Tesoro (NYSE:TSO) from Neutral to Outperform in a statement released on 10/11/2016.
Boasting a price of $80.31, Tesoro (NYSE:TSO) traded 2.38% higher on the day. With the last stock price close up 4.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tesoro has recorded a 50-day average of $79.15 and a two hundred day average of $78.58. Volume of trade was down over the average, with 229,498 shares of TSO changing hands under the typical 2,201,170
With a total market value of $0, Tesoro has price-earnings ratio of 7.70 with a one year low of $67.80 and a one year high of $119.67 .
A total of 14 equity analysts have released a research note on TSO. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, twelve equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $100.04.
More About Tesoro (NYSE:TSO)
Tesoro Corporation (Tesoro) is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; 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 terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. The Company's Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd). TLLP's business operates in three segments: Gathering, Processing, and Terminalling and Transportation. The Marketing segment sells transportation fuels in approximately 20 states through a network of approximately 2,270 retail stations.
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