Citigroup Upgraded Tesoro Corp. (TSO)

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.