Tesoro Corporation (NYSE:TSO) Insiders Seem Vary About Prospects

Tesoro Corporation (TSO) down -7.37 per cent in the past week, is under coverage of 19 analysts who collectively recommend a hold rating on stock. 8 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 13 equity analysts who rate the stock have an average target price at $106.42, with individual targets ranging between $87 and $125. The shares closed last trade at $74.23, implying that analysts see shares rising about 43.37 per cent in 12 months’ time.

Insider Activity: Insiders look mixed about the prospects of the company that they seem to trade shares both ways while they are -28.65 down so far this year. A SVP, Commercial at Tesoro Corporation (TSO) sold shares in the company in a transaction completed on Monday May 23, 2016. Schofield Daryl R offloaded 2,660 shares in the company at an average price of $80 and ended up generating $212,800 in proceeds. Schofield Daryl R retains 5,304 shares in the company after this transaction. A EVP and CFO in the company, Sterin Steven, on Monday May 16, 2016 spent $153,760 from the purchase of 2,000 shares at $80 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering TSO stock at the going market price of $74.23/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $2.53 in earnings per share (EPS). That would represent a -45.24% year-over-year decrease. Revenue for the same period is expected to arrive at $5.92B.

Earnings Roundup: In the last fiscal quarter alone, Tesoro Corporation generated around $5.1B in revenue and net income of $1.19/share. That compares with the consensus estimate $5.14B and $1.05/share, respectively. For the prior quarter revenue for the company hit $6.27B, with earnings at $1.83/share.

Analyst Coverage: BofA/Merrill has been a brokerage house following shares of Tesoro Corporation (TSO), so its rating change is noteworthy. The stock was upgraded to Buy from Neutral, wrote analysts at BofA/Merrill, in a note issued to clients on Thursday March 03, 2016. There was another key note issued by Scotia Howard Weil on Friday August 14, 2015. The firm lowered its rating on TSO from Sector Outperform to Sector Perform.

Price Momentum: Despite the -3.86% decrease in value, the stock’s new closing price represents a -36.91% fall in value from company’s one year high of $119.67. The stock is currently holding above its 50 day moving average of $-7.49 and below its 200 day moving average of $79.25. Over the last three months and over the last six months, the shares of Tesoro Corporation (TSO), have changed -18.97% and 87.64%, respectively.