Sunoco Logistics Partners (ETP) Earns Outperform Rating from Analysts at Credit Suisse Group

Equities researchers at Credit Suisse Group initiated coverage on shares of Sunoco Logistics Partners (NYSE:ETP) in a note issued to investors on Thursday, The Fly reports. The firm set an “outperform” rating on the pipeline company’s stock.

A number of other research firms also recently commented on ETP. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price objective (down from $24.00) on shares of Sunoco Logistics Partners in a report on Thursday, November 9th. Zacks Investment Research raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, November 14th. Goldman Sachs Group downgraded shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Tuesday, October 17th. Citigroup reduced their price objective on shares of Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.46.

Sunoco Logistics Partners (ETP) traded down $0.04 during midday trading on Thursday, reaching $18.82. 7,640,000 shares of the company’s stock traded hands, compared to its average volume of 9,210,000. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The firm has a market cap of $21,750.00, a price-to-earnings ratio of 31.37 and a beta of 1.00. Sunoco Logistics Partners has a 52 week low of $15.25 and a 52 week high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the business posted ($0.49) EPS. sell-side analysts forecast that Sunoco Logistics Partners will post 0.64 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Colonial Trust Advisors lifted its holdings in Sunoco Logistics Partners by 11.2% during the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after purchasing an additional 1,088 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Sunoco Logistics Partners by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,750 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Sunoco Logistics Partners by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 145,628 shares of the pipeline company’s stock valued at $2,653,000 after purchasing an additional 3,077 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Sunoco Logistics Partners by 17.1% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 21,456 shares of the pipeline company’s stock valued at $392,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Sippican Capital Advisors lifted its holdings in Sunoco Logistics Partners by 15.3% during the 3rd quarter. Sippican Capital Advisors now owns 23,784 shares of the pipeline company’s stock valued at $435,000 after purchasing an additional 3,151 shares during the last quarter. 62.16% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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