Sunoco Logistics Partners LP (ETP) PT Set at $26.00 by BMO Capital Markets
Sunoco Logistics Partners LP (NYSE:ETP) has been assigned a $26.00 price objective by research analysts at BMO Capital Markets in a report issued on Thursday. The brokerage presently has a “hold” rating on the pipeline company’s stock. BMO Capital Markets’ price target indicates a potential upside of 39.56% from the stock’s current price.
A number of other research analysts have also commented on the company. Citigroup Inc. lowered their price objective on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a report on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price objective on shares of Sunoco Logistics Partners in a report on Friday, September 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners in a report on Wednesday, September 6th. Finally, ValuEngine lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Sunoco Logistics Partners presently has a consensus rating of “Buy” and a consensus target price of $28.60.
Sunoco Logistics Partners (NYSE:ETP) opened at 18.63 on Thursday. Sunoco Logistics Partners has a 52-week low of $17.85 and a 52-week high of $27.99. The company’s 50-day moving average price is $18.64 and its 200 day moving average price is $20.81. The firm’s market capitalization is $20.49 billion.
Sunoco Logistics Partners (NYSE:ETP) last issued its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.21). The firm had revenue of $6.58 billion during the quarter, compared to analyst estimates of $7.24 billion. Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities research analysts predict that Sunoco Logistics Partners will post $0.57 earnings per share for the current year.
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In other Sunoco Logistics Partners news, CEO Kelcy L. Warren bought 1,000,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the acquisition, the chief executive officer now directly owns 2,031,646 shares of the company’s stock, valued at approximately $37,890,197.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whitnell & Co. grew its holdings in Sunoco Logistics Partners by 2.6% in the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock valued at $184,000 after buying an additional 231 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after buying an additional 785 shares during the last quarter. Colonial Trust Advisors grew its holdings in Sunoco Logistics Partners by 11.2% in the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after buying an additional 1,088 shares during the last quarter. Edmp Inc. grew its holdings in Sunoco Logistics Partners by 25.0% in the 2nd quarter. Edmp Inc. now owns 10,156 shares of the pipeline company’s stock valued at $207,000 after buying an additional 2,031 shares during the last quarter. Finally, National Asset Management Inc. grew its holdings in Sunoco Logistics Partners by 28.7% in the 1st quarter. National Asset Management Inc. now owns 9,145 shares of the pipeline company’s stock valued at $335,000 after buying an additional 2,038 shares during the last quarter. 58.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
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