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Ladenburg Thalmann initiated coverage on shares of Susser Petroleum Partners LP (NASDAQ:SUSP) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $37.00 price target on the stock. Ladenburg Thalmann’s target price points to a potential upside of 13.99% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Susser Petroleum Partners LP (NASDAQ:SUSP) opened at 32.46 on Tuesday. Susser Petroleum Partners LP has a one year low of $24.32 and a one year high of $36.66. The stock’s 50-day moving average is $32.18 and its 200-day moving average is $30.39. The company has a market cap of $712.5 million and a price-to-earnings ratio of 19.70.

Susser Petroleum Partners LP (NASDAQ:SUSP) last released its earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.04. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Susser Petroleum Partners LP will post $1.72 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Susser Petroleum Partners LP from $35.00 to $36.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Analysts at Zacks downgraded shares of Susser Petroleum Partners LP from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 18th. They now have a $33.60 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Susser Petroleum Partners LP presently has a consensus rating of “Buy” and a consensus price target of $34.45.

Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (NASDAQ:SUSP) and third parties.

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