Susser Petroleum Partners PT Raised to $57.00 (SUSP)
Stock analysts at RBC Capital lifted their target price on shares of Susser Petroleum Partners (NASDAQ:SUSP) from $48.00 to $57.00 in a report issued on Monday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 1.77% from the company’s current price.
Separately, 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.00.
Shares of Susser Petroleum Partners (NASDAQ:SUSP) opened at 56.01 on Monday. Susser Petroleum Partners has a 52 week low of $28.64 and a 52 week high of $57.55. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $42.25. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 31.31.
Susser Petroleum Partners (NASDAQ:SUSP) last announced its earnings results on Friday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.11. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, analysts predict that Susser Petroleum Partners will post $2.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Tuesday, August 19th will be given a dividend of $0.5197 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Susser Petroleum Partners’s previous quarterly dividend of $0.50.
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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