What Do Analysts Recommend for Tesoro?


Aug. 18 2020, Updated 5:25 a.m. ET

Analyst recommendations for Tesoro

In this series, we examined Tesoro’s 4Q15 earnings, refining margins, stock performance, and recent updates. In this part, we will examine the ratings of analysts covering the stock.

The above table shows that five of ten firms have rated Tesoro (TSO) as “buy,” “overweight,” or “outperform.” The highest 12-month price target for TSO stands at $133, indicating a 52% gain from current levels. The remaining five firms have rated Tesoro as “hold.” The average 12-month price target for TSO stands at $120, indicating a 37% gain from current levels. None of the above firms gave a “sell” rating to Tesoro. In fact, TSO’s lowest 12-month price target stands at $102, implying a 16% gain from current levels.

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The highest price target for Tesoro is set by Barclays, whereas the lowest price target is specified by RBC Capital Markets. Barclays and Credit Suisse have given price targets of $133 and $125, respectively, for TSO. On the other hand, firms like Wells Fargo Securities, Wolfe Research, and Goldman Sachs have given “neutral” or “market/peer perform” recommendations on the stock.

Analyst ratings for TSO peers

Tesoro’s (TSO) peers Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) have been rated as “buy” by 89%, 76%, and 50% of analysts surveyed, respectively.

If you’re looking for exposure to refining sector stocks, you can consider the iShares North American Natural Resources ETF (IGE). The ETF has TSO, PSX, VLO, and MPC in its portfolio. IGE has ~10% exposure to refining and marketing sector stocks.


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