Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Tesoro ( TSO) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Tesoro as such a stock due to the following factors:

  • TSO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $357.9 million.
  • TSO has traded 37,703 shares today.
  • TSO is trading at a new lifetime high.

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More details on TSO:

Tesoro Corporation, together with its subsidiaries, is engaged in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. The stock currently has a dividend yield of 1.6%. TSO has a PE ratio of 14.4. Currently there are 8 analysts that rate Tesoro a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Tesoro has been 3.4 million shares per day over the past 30 days. Tesoro has a market cap of $9.7 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.24 and a short float of 7.5% with 2.20 days to cover. Shares are up 7.1% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Tesoro as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:
  • Powered by its strong earnings growth of 565.21% and other important driving factors, this stock has surged by 45.24% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, TSO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 300.0% when compared to the same quarter one year prior, rising from $99.00 million to $396.00 million.
  • The debt-to-equity ratio is somewhat low, currently at 0.64, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.85 is somewhat weak and could be cause for future problems.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, TESORO CORP has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.

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