Sunoco LP (NYSE:SUN) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.00.
SUN has been the subject of a number of research reports. Stifel Nicolaus set a $34.00 target price on Sunoco and gave the company a “hold” rating in a research report on Monday, August 12th. ValuEngine downgraded Sunoco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Raymond James lowered their target price on Sunoco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.
Large investors have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. purchased a new stake in Sunoco during the 2nd quarter valued at $33,000. Steward Partners Investment Advisory LLC purchased a new stake in Sunoco during the 2nd quarter valued at $41,000. Tower Research Capital LLC TRC purchased a new stake in Sunoco during the 2nd quarter valued at $44,000. Stonebridge Capital Advisors LLC purchased a new stake in Sunoco during the 2nd quarter valued at $59,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Sunoco during the 2nd quarter valued at $203,000. Institutional investors own 28.67% of the company’s stock.
Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.31). The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.17 billion. Sunoco had a net margin of 1.21% and a return on equity of 35.57%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, equities analysts forecast that Sunoco will post 2.28 EPS for the current year.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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