This oil company will report earnings today, and is expected to beat its consensus estimate of $2.16 per share.
Tesoro Corp. (TSO)
from Weiss Stock Ratings Heat Maps
Tesoro Corp. (TSO, Rated B+) refines and markets petroleum products in the United States. It operates in two segments, refining and retail. The refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke and asphalt.
Recently the shares jumped after Tesoro’s affiliate, Tesoro Logistics (TLLP), agreed to acquire QEP Field Services for around $2.5 billion, including 58% ownership in QEP Midstream Partners.
Greg Goff, President and CEO of Tesoro said: “This is another transformational acquisition for Tesoro and TLLP, which enables our logistics company to offer a full-suite of services to third-party customers and enhances the growth of our midstream operations.
“This acquisition advances our distinctive strategy to build a customer-focused logistics business, broadening our capabilities across the value chain to deliver enhanced shareholder value.”
TSO shares have risen 25% over the past year; 138% over three years. And prices have outpaced the S&P 500 so far this year.
We’ve put Tesoro on our Best Value Stocks Heat Map and rate it a Buy with good growth potential. Plus it pays a dividend. So you may want to consider adding TSO to your portfolio.
Mike Burnick, Weiss Stock Ratings Heat Maps, published by Money and Markets, a Division of Weiss Research, Inc., www.weissresearchissues.com/weiss-stock-ratings-heat-maps, issues@e.moneyandmarkets.com; 1-800-291-8545, October 20, 2014