(TLLP) Raised to “Buy” at Zacks Investment Research

(NASDAQ:TLLP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, July 13th. The brokerage currently has a $56.00 target price on the stock.

According to Zacks, “Tesoro Logistics LP is a limited partnership formed to own, operate, develop and acquire crude oil and refined products logistics assets. The Company’s logistics assets are used to gather, transport and store crude oil and to distribute, transport and store refined products. Tesoro Logistics operates its business through two business segments: Crude Oil Gathering and Terminalling, Transportation and Storage. “

TLLP has been the topic of several other reports. SunTrust Banks, Inc. assumed coverage on in a research report on Monday, March 20th. They issued a “buy” rating and a $62.00 price objective on the stock. Scotiabank reissued a “buy” rating and issued a $63.00 price objective on shares of in a research report on Thursday, March 23rd. Jefferies Group LLC cut their price objective on from $53.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, April 19th. Barclays PLC reissued an “overweight” rating and issued a $65.00 price objective on shares of in a research report on Friday, June 2nd. Finally, BidaskClub lowered from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.33.

(NASDAQ:TLLP) traded up 0.25% on Thursday, reaching $52.13. The company had a trading volume of 339,236 shares. has a 12 month low of $43.00 and a 12 month high of $60.14. The firm has a 50-day moving average of $50.88 and a 200-day moving average of $53.77.

(NASDAQ:TLLP) last issued its earnings results on Monday, May 8th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.12. The company had revenue of $420 million during the quarter, compared to analyst estimates of $348.74 million. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Equities analysts expect that will post $2.63 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in TLLP. HITE Hedge Asset Management LLC acquired a new stake in shares of during the fourth quarter valued at $17,283,000. TPH Asset Management LLC increased its stake in shares of by 27.6% in the first quarter. TPH Asset Management LLC now owns 41,565 shares of the company’s stock valued at $2,264,000 after buying an additional 8,993 shares in the last quarter. Pointe Capital Management LLC acquired a new stake in shares of during the first quarter valued at $485,000. Hollencrest Securities LLC acquired a new stake in shares of during the first quarter valued at $376,000. Finally, ING Groep NV increased its stake in shares of by 169.4% in the second quarter. ING Groep NV now owns 157,608 shares of the company’s stock valued at $8,147,000 after buying an additional 99,108 shares in the last quarter.

Get a free copy of the Zacks research report on (TLLP)

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Analyst Recommendations for  (NASDAQ:TLLP)

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