Sunoco Logistics Partners LP (NYSE:SXL) : 9 Wall Street analysts covering Sunoco Logistics Partners LP (NYSE:SXL) believe that the average level the stock could reach for the short term is $31.11. The maximum price target given is $38 and the minimum target for short term is around $21, hence the standard deviation is calculated at $4.68.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Jefferies, downgrades their rating on the shares of Sunoco Logistics Partners LP (NYSE:SXL). Jefferies has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.
Sunoco Logistics Partners LP (NYSE:SXL): stock turned positive on Thursday. Though the stock opened at $28.26, the bulls momentum made the stock top out at $28.68 level for the day. The stock recorded a low of $27.8 and closed the trading day at $28.63, in the green by 2.58%. The total traded volume for the day was 1,851,050. The stock had closed at $27.91 in the previous days trading.
The company shares have dropped -27.05% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $38.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.09 and the 200 Day Moving Average price is recorded at $24.92. On the companys insider trading activities, Bray Basil Leon, director of Sunoco Logistics Partners L.P., executed a transaction worth $5,864 on May 16, 2014. A total of 150 shares were purchased at an average price of $39.09. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.