Tesoro Corp. Receives Average Recommendation of “Buy” from Analysts (NYSE:TSO)

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Tesoro Corp. (NYSE:TSO) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, StockRatingsNetwork.com reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $69.30.

Tesoro Corp. (NYSE:TSO) traded up 1.02% on Tuesday, hitting $59.27. 581,657 shares of the company’s stock traded hands. Tesoro Corp. has a 1-year low of $40.90 and a 1-year high of $62.89. The stock has a 50-day moving average of $57.15 and a 200-day moving average of $53.94. The company has a market cap of $7.782 billion and a price-to-earnings ratio of 20.16.

Tesoro Corp. (NYSE:TSO) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.21. The company had revenue of $125.05 billion for the quarter, compared to the consensus estimate of $8.71 billion. Analysts expect that Tesoro Corp. will post $5.33 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tesoro Corp. in a research note on Monday. They now have a $63.00 price target on the stock. Separately, analysts at Simmons upgraded shares of Tesoro Corp. from a “neutral” rating to an “overweight” rating in a research note on Friday, May 2nd.

Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.

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