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Research analysts at Credit Suisse started coverage on shares of Susser Petroleum Partners (NASDAQ:SUSP) in a report released on Friday, reports. The firm set a “neutral” rating and a $59.00 price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 10.24% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Ladenburg Thalmann downgraded shares of Susser Petroleum Partners from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 27th. Separately, analysts at Wells Fargo & Co. downgraded shares of Susser Petroleum Partners from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 27th. Finally, 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, August 18th. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Susser Petroleum Partners presently has an average rating of “Hold” and a consensus target price of $47.50.

Shares of Susser Petroleum Partners (NASDAQ:SUSP) traded down 1.40% during mid-day trading on Friday, hitting $52.77. 22,963 shares of the company’s stock traded hands. Susser Petroleum Partners has a 52-week low of $29.27 and a 52-week high of $59.99. The stock has a 50-day moving average of $54.00 and a 200-day moving average of $44.45. The company has a market cap of $1.159 billion and a P/E ratio of 30.27.

Susser Petroleum Partners (NASDAQ:SUSP) last posted its quarterly 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. Analysts expect that Susser Petroleum Partners will post $1.97 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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