On Monday, Energy stocks surged alongside the broader U.S. market, held up by expects that several resolution for the so-called fiscal cliff in the U.S. could be near.
Energy shares let by Tesoro Corporation (NYSE:TSO), with the firm also ranking as one of the top advancers in the S&P 500 Index. Shares of the Tesoro surged 4.9 percent following topping 6 percent earlier.
Shares of competitor Valero Energy Corporation (NYSE:VLO) rose 3.28 percent. Another refiner, Phillips 66 (NYSE:PSX), also jumped 5.13 percent.
Phillips 66 has declared that its Bayway refinery in Linden, N.J., damaged by Hurricane Sandy, will be reverse at normal operations at the end of the month.
The refinery, capable to produce around 238,000 barrels a day, lost power during the storm and suffered flooding.
Tesoro Corporation (NYSE:TSO) traded at $39.93 by increasing 4.89% with price volatility of 3.59% for a week and 3.70% for a month plus price volatility’s Average True Range for 14 days was 1.53 and its beta stands at 1.47 times.
Stocks after opening at $38.86 hit high price of $40.49 and on last session stock held volume of 3.56 million shares which was unexpectedly lower than its average volume of 3.94 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.52 as current ratio and on the opponent side the debt to equity ratio was 0.36 and long-term debt to equity ratio also remained 0.36. The Company had total cash at hand $1.37 billion and a book value per share as $31.45 in the most recent quarter.
While investors who viewing TSO against other stocks with the reference of profit margin that are Marathon Oil Corporation (NYSE:MRO) having profit margin 11.45%, Valero Energy Corporation (NYSE:VLO) with 0.80% profit margin, Phillips 66 (NYSE:PSX) having 2.49% profit margin and Hess Corp. (NYSE:HES) having profit margin of 4.14%.
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