Sunoco Logistics Partners LP (ETP) Given Average Recommendation of “Buy” by Analysts

Shares of Sunoco Logistics Partners LP (NYSE:ETP) have received an average rating of “Buy” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.46.

ETP has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, November 14th. ValuEngine downgraded shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BMO Capital Markets set a $26.00 price target on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research report on Thursday, October 12th. Goldman Sachs Group downgraded shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $21.00 price target (down from $24.00) on shares of Sunoco Logistics Partners in a research report on Thursday, November 9th.

Sunoco Logistics Partners (NYSE ETP) opened at $17.42 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.61. Sunoco Logistics Partners has a 52-week low of $15.25 and a 52-week high of $26.73. The stock has a market cap of $19,319.86, a PE ratio of 24.95 and a beta of 1.00.

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 Zacks’ consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the firm posted ($0.49) EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. research analysts anticipate that Sunoco Logistics Partners will post 0.64 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ETP. Kayne Anderson Capital Advisors LP increased its stake in Sunoco Logistics Partners by 97.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock valued at $842,685,000 after buying an additional 20,414,761 shares during the period. JPMorgan Chase & Co. increased its stake in Sunoco Logistics Partners by 95.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after buying an additional 11,483,706 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sunoco Logistics Partners by 106.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock valued at $241,812,000 after buying an additional 6,127,839 shares during the period. Atlantic Trust Group LLC increased its stake in Sunoco Logistics Partners by 46.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock valued at $364,413,000 after buying an additional 5,657,463 shares during the period. Finally, Alps Advisors Inc. increased its stake in Sunoco Logistics Partners by 11.8% during the 3rd quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock valued at $970,553,000 after buying an additional 5,588,379 shares during the period. 62.19% of the stock is currently 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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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