Tesoro Corp. (NYSE:TSO) was upgraded by equities research
analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a note
issued to investors on Tuesday. The firm presently has a $92.00 price objective
on the stock, down from their previous price objective of $92.50. Citigroup
Inc.’s price objective points to a potential upside of 19.76% from the
company’s previous close.
Shares of Tesoro Corp. (NYSE:TSO) opened at 76.82 on
Tuesday. Tesoro Corp. has a 52 week low of $67.80 and a 52 week high of
$119.67. The firm has a 50-day moving average of $75.96 and a 200-day moving
average of $81.86. The firm has a market cap of $9.19 billion and a PE ratio of
6.47.
Tesoro Corp. (NYSE:TSO) last issued its quarterly earnings
results on Thursday, May 5th. The company reported $1.19 earnings per share
(EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.17.
The firm earned $5.10 billion during the quarter, compared to analyst estimates
of $4.83 billion. The firm’s revenue for the quarter was down 21.1% on a
year-over-year basis. During the same quarter last year, the firm posted $0.98
EPS. On average, analysts expect that Tesoro Corp. will post $6.23 EPS for the
current year.
Source: American Banking and Market News