Sunoco Logistics Partners LP (NYSE:ETP) has been given a $26.00 price target by stock analysts at BMO Capital Markets in a report issued on Friday. The brokerage presently has a “hold” rating on the pipeline company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 42.39% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup Inc. restated a “buy” rating and set a $30.00 price target on shares of Sunoco Logistics Partners in a research note on Thursday, April 27th. Royal Bank Of Canada restated a “buy” rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Stifel Nicolaus upgraded shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Tuesday, May 9th. Scotiabank set a $28.00 price target on shares of Sunoco Logistics Partners and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, Deutsche Bank AG decreased their price target on shares of Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.05.

Shares of Sunoco Logistics Partners (NYSE ETP) traded down 1.30% during mid-day trading on Friday, hitting $18.26. The stock had a trading volume of 4,691,084 shares. The firm’s 50 day moving average price is $20.06 and its 200 day moving average price is $22.61. Sunoco Logistics Partners has a 1-year low of $18.18 and a 1-year high of $31.39. The company’s market cap is $20.08 billion.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.21. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the previous year, the business posted $0.10 EPS. Sunoco Logistics Partners’s revenue was up 24.3% compared to the same quarter last year. Analysts predict that Sunoco Logistics Partners will post $0.39 earnings per share for the current fiscal year.

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In other Sunoco Logistics Partners news, CEO Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of $20.33 per share, with a total value of $20,330,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,031,646 shares of the company’s stock, valued at approximately $20,973,363.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David K. Skidmore purchased 2,000 shares of the stock in a transaction on Monday, June 26th. The stock was acquired at an average cost of $19.49 per share, with a total value of $38,980.00. Following the completion of the purchase, the director now directly owns 45,245 shares of the company’s stock, valued at $881,825.05. The disclosure for this purchase can be found here. Insiders acquired 2,012,000 shares of company stock valued at $39,205,380 over the last three months. 0.17% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ETP. State Street Corp boosted its position in shares of Sunoco Logistics Partners by 3.1% in the fourth quarter. State Street Corp now owns 85,913 shares of the pipeline company’s stock valued at $3,076,000 after buying an additional 2,619 shares in the last quarter. Ledyard National Bank boosted its position in shares of Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock valued at $117,000 after buying an additional 200 shares in the last quarter. Hollencrest Securities LLC bought a new position in shares of Sunoco Logistics Partners during the first quarter valued at about $1,630,000. Taylor Wealth Management Partners boosted its position in shares of Sunoco Logistics Partners by 1.2% in the first quarter. Taylor Wealth Management Partners now owns 107,935 shares of the pipeline company’s stock valued at $3,942,000 after buying an additional 1,290 shares in the last quarter. Finally, Waldron LP bought a new position in shares of Sunoco Logistics Partners during the first quarter valued at about $409,000. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Sunoco Logistics Partners Company Profile

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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