Tesoro Corporation (TSO): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Tesoro Corporation ( TSO) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.1%. By the end of trading, Tesoro Corporation rose $0.87 (1.6%) to $55.28 on average volume. Throughout the day, 2,933,591 shares of Tesoro Corporation exchanged hands as compared to its average daily volume of 3,633,400 shares. The stock ranged in a price between $53.78-$55.30 after having opened the day at $54.44 as compared to the previous trading day's close of $54.41. Other companies within the Energy industry that increased today were: BMB Munai ( BMBM), up 56.5%, Ivanhoe Energy ( IVAN), up 17.4%, Dejour Energy ( DEJ), up 11.1% and Royale Energy ( ROYL), up 9.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Tesoro Corporation, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. Tesoro Corporation has a market cap of $7.6 billion and is part of the basic materials sector. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 27.3% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Tesoro Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tesoro Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Recon Technology ( RCON), down 14.1%, Double Eagle Petroleum Company ( DBLE), down 8.6%, Isramco ( ISRL), down 7.6% and Constellation Energy Partners ( CEP), down 6.8% , were all laggards within the energy industry with HollyFrontier ( HFC) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

BP Files for IPO of U.S. Pipeline Assets

Tesoro Stock Jumps on Goldman 'Conviction Buy' Addition

Analysts' Actions -- Ambarella, BlackBerry, PVH Corp., Zynga and More

Market Recon: The French Election Is out of the Way; the Focus Returns to Earnings

Top 7 Energy Stocks to Own for 2017