Susser Petroleum Partners Sets New 52-Week High at $59.81 (SUSP)
Susser Petroleum Partners (NASDAQ:SUSP)’s share price hit a new 52-week high during mid-day trading on Thursday , ARN reports. The stock traded as high as $59.81 and last traded at $58.60, with a volume of 45,446 shares changing hands. The stock had previously closed at $58.00.
A number of analysts have recently weighed in on SUSP shares. Analysts at RBC Capital raised their price target on shares of Susser Petroleum Partners from $48.00 to $57.00 in a research note on Monday. They now have an “outperform” rating on the stock. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $43.00.
The stock has a 50-day moving average of $51.57 and a 200-day moving average of $42.82. The company has a market cap of $1.279 billion and a P/E ratio of 32.81.
Susser Petroleum Partners (NASDAQ:SUSP) last released its earnings data on Friday, August 8th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.44 earnings per share. Susser Petroleum Partners’s revenue was up 22.8% compared to the same quarter last year. 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. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.5197 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, August 15th. This is a boost 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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