Barclays Assumes Sunoco LP to Equal-weight

Brokerage firm Barclays Assumes its rating on Sunoco LP(NYSE:SUN). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 22, 2016, Jefferies said it Downgrades its rating on Sunoco LP. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 1, 2016, Credit Suisse said it Maintains its rating on Sunoco LP. In the research note, the firm Lowers the price-target to $57.00 per share. The shares have been rated ‘Outperform’ by the firm.

Sunoco LP (SUN) shares turned negative on Fridays trading session with the shares closing down -0.84 points or -2.50% at a volume of 4,80,977. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.7252. The peak price level was also seen at $33.7252 while the days lowest was $32.74. Finally the shares closed at $32.74. The 52-week high of the shares is $54.8248 while the 52-week low is $22.86. According to the latest information available, the market cap of the company is $3,398 M.

Sunoco LP(SUN) last announced its earnings results on Nov 4, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $4.49B. Analysts had an estimated revenue of $2.44B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Sep 11, 2015, Leta Mckinley (VP & Controller) purchased 780 shares at $36.46 per share price.Also, On Aug 19, 2015, K Rick Turner (director) purchased 3,000 shares at $40.08 per share price.

Sunoco LP formerly Susser Petroleum Partners LP is engaged in the fee-based wholesale distribution of motor fuels to Susser and third parties in Texas New Mexico Oklahoma Louisiana Kansas Maryland Virginia Tennessee Georgia and Hawaii. The Company is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It operates in two segments: Wholesale operations segment which sells motor fuel to its retail segment and external customers and Retail operations segment which operates convenience stores selling a variety of merchandise food items services and motor fuel. It operates through its subsidiaries: Susser Petroleum Operating Company LLC T&C Wholesale LLC Susser Energy Services LLC Susser Petroleum Property Company LLC Southside Oil LLC and Aloha Petroleum Ltd among others. It distributes motor fuel under the Chevron Citgo Conoco Exxon Mobil Phillips66 Shamrock Texaco and Mahalo brands among others.

Leave a Reply

Sunoco LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Sunoco LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.