Sunoco Logistics Partners LP (ETP) Earns “Buy” Rating from Stifel Nicolaus

Sunoco Logistics Partners LP (NYSE:ETP)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a report issued on Thursday, November 9th, MarketBeat.com reports. They presently have a $21.00 price target on the pipeline company’s stock, down from their previous price target of $24.00. Stifel Nicolaus’ price target indicates a potential upside of 28.76% from the stock’s current price.

Several other analysts have also recently weighed in on ETP. Zacks Investment Research cut shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets set a $26.00 price objective on shares of Sunoco Logistics Partners and gave the stock a “hold” rating in a research note on Friday, August 18th. BidaskClub upgraded shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price objective on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Finally, Citigroup Inc. dropped their price objective on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.46.

Sunoco Logistics Partners (NYSE:ETP) traded down $0.03 during midday trading on Thursday, hitting $16.31. 6,290,000 shares of the stock were exchanged, compared to its average volume of 7,740,000. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. The firm has a market cap of $18,850.00, a PE ratio of 24.94 and a beta of 1.01. Sunoco Logistics Partners has a one year low of $15.97 and a one year high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter last year, the company posted ($0.49) EPS. Sunoco Logistics Partners’s quarterly revenue was up 26.1% compared to the same quarter last year. equities analysts anticipate that Sunoco Logistics Partners will post 0.64 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in ETP. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Sunoco Logistics Partners by 154.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 43,337,625 shares of the pipeline company’s stock valued at $883,654,000 after purchasing an additional 26,293,140 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in shares of 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 purchasing an additional 20,414,761 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Sunoco Logistics Partners by 57.9% during the 2nd quarter. Alps Advisors Inc. now owns 47,476,301 shares of the pipeline company’s stock valued at $968,042,000 after purchasing an additional 17,412,412 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 11,483,706 shares during the last quarter. Finally, Center Coast Capital Advisors LP grew its holdings in shares of Sunoco Logistics Partners by 251.1% during the 2nd quarter. Center Coast Capital Advisors LP now owns 14,375,138 shares of the pipeline company’s stock valued at $293,109,000 after purchasing an additional 10,280,243 shares during the last quarter. 56.63% of the stock is currently owned by institutional investors.

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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