Somewhat Positive Press Coverage Somewhat Unlikely to Affect Sunoco Logistics Partners (ETP) Stock Price

News coverage about Sunoco Logistics Partners (NYSE:ETP) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sunoco Logistics Partners earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 47.1304431965182 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Sunoco Logistics Partners (ETP) opened at 18.30 on Tuesday. Sunoco Logistics Partners has a 1-year low of $17.85 and a 1-year high of $27.99. The company’s market cap is $20.12 billion. The stock has a 50 day moving average of $18.64 and a 200-day moving average of $20.73.

Sunoco Logistics Partners (NYSE:ETP) last released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.21). Sunoco Logistics Partners had a return on equity of 4.67% and a net margin of 3.57%. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, equities research analysts predict that Sunoco Logistics Partners will post $0.57 earnings per share for the current year.

ETP has been the subject of a number of recent analyst reports. Citigroup Inc. reduced their price objective on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating and issued a $24.00 target price on shares of Sunoco Logistics Partners in a report on Friday, September 22nd. Finally, BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.30.

ILLEGAL ACTIVITY WARNING: This article was originally published by BBNS and is the property of of BBNS. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-sunoco-logistics-partners-etp-stock-price/1697403.html.

In other Sunoco Logistics Partners news, CEO Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $18.65 per share, for a total transaction of $18,650,000.00. Following the purchase, the chief executive officer now directly owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.74% of the stock is owned by corporate insiders.

About Sunoco Logistics Partners

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.

Insider Buying and Selling by Quarter for Sunoco Logistics Partners (NYSE:ETP)

Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.