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Sunoco Logistics Partners L.P. (NYSE:SXL) reached a new 52-week high during trading on Friday , StockRatingsNetwork reports. The company traded as high as $49.61 and last traded at $49.61, with a volume of 68,517 shares trading hands. The stock had previously closed at $48.96.

A number of analysts have recently weighed in on SXL shares. Analysts at Robert W. Baird reiterated a “neutral” rating on shares of Sunoco Logistics Partners L.P. in a research note on Wednesday, August 13th. They now have a $49.00 price target on the stock, up previously from $44.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Sunoco Logistics Partners L.P. in a research note on Friday, August 8th. They now have a $50.00 price target on the stock, up previously from $49.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Sunoco Logistics Partners L.P. in a research note on Monday, June 30th. They now have a $49.00 price target on the stock, down previously from $49.50. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $33.65.

The stock has a 50-day moving average of $46.48 and a 200-day moving average of $44.85. The company has a market cap of $10.401 billion and a P/E ratio of 34.82.

Sunoco Logistics Partners L.P. (NYSE:SXL) last announced its earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.17. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that Sunoco Logistics Partners L.P. will post $1.59 earnings per share for the current fiscal year.

Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products.

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