Susser Petroleum Partners Hits New 52-Week High at $50.66 (SUSP)
Susser Petroleum Partners (NASDAQ:SUSP)’s share price hit a new 52-week high during trading on Monday , StockRatingsNetwork reports. The company traded as high as $50.66 and last traded at $50.28, with a volume of 45,696 shares traded. The stock had previously closed at $49.50.
A number of analysts have recently weighed in on SUSP shares. Analysts at Benchmark Co. downgraded shares of Susser Petroleum Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. They now have a $47.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of Susser Petroleum Partners from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $40.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Susser Petroleum Partners currently has an average rating of “Buy” and an average price target of $38.56.
The stock’s 50-day moving average is $46. and its 200-day moving average is $39.15. The company has a market cap of $1.103 billion and a price-to-earnings ratio of 27.90.
Susser Petroleum Partners (NASDAQ:SUSP) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that Susser Petroleum Partners will post $2.13 EPS for the current fiscal year.
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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