Somewhat Positive News Coverage Somewhat Likely to Affect Sunoco Logistics Partners (NYSE:ETP) Stock Price

News headlines about Sunoco Logistics Partners (NYSE:ETP) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sunoco Logistics Partners earned a news impact score of 0.20 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 61 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

Sunoco Logistics Partners (NYSE ETP) traded down 0.35% on Thursday, hitting $20.13. 1,699,425 shares of the company were exchanged. Sunoco Logistics Partners has a 52 week low of $18.31 and a 52 week high of $31.49. The company’s market capitalization is $11.13 billion. The firm’s 50 day moving average is $21.30 and its 200 day moving average is $23.65.

A number of research firms have commented on ETP. Zacks Investment Research downgraded shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of Sunoco Logistics Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Deutsche Bank AG cut their target price on shares of Sunoco Logistics Partners from $47.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $32.00 target price (down previously from $32.50) on shares of Sunoco Logistics Partners in a research report on Monday, June 19th. Finally, 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 note on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.04.

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In related news, Director David K. Skidmore acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were acquired at an average cost of $18.64 per share, with a total value of $186,400.00. Following the completion of the acquisition, the director now directly owns 45,245 shares in the company, valued at approximately $843,366.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael K. Grimm acquired 3,023 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $23.19 per share, for a total transaction of $70,103.37. Following the completion of the acquisition, the director now owns 67,633 shares of the company’s stock, valued at $1,568,409.27. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,015,023 shares of company stock worth $20,625,483. 0.17% of the stock is owned by company insiders.

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.

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

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