Sunoco Logistics Partners LP (NYSE:SXL) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Sunoco Logistics Partners in a report released on Thursday. Jefferies Group analyst C. Sighinolfi expects that the firm will post earnings of $0.42 per share for the quarter. Jefferies Group has a “Buy” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Sunoco Logistics Partners’ Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.46 EPS, FY2018 earnings at $1.84 EPS and FY2021 earnings at $2.58 EPS.

Sunoco Logistics Partners (NYSE:SXL) last issued its earnings results on Wednesday, November 9th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.52 billion. Sunoco Logistics Partners had a return on equity of 6.58% and a net margin of 6.16%. Sunoco Logistics Partners’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS.

TRADEMARK VIOLATION WARNING: “Sunoco Logistics Partners LP (SXL) to Post Q3 2017 Earnings of $0.42 Per Share, Jefferies Group Forecasts” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at http://www.watchlistnews.com/sunoco-logistics-partners-lp-sxl-to-post-q3-2017-earnings-of-0-42-per-share-jefferies-group-forecasts/1061509.html.

Earnings History and Estimates for Sunoco Logistics Partners (NYSE:SXL)

Several other equities analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 price target (down previously from $29.00) on shares of Sunoco Logistics Partners in a research report on Monday, November 28th. Sanford C. Bernstein raised Sunoco Logistics Partners from an “underperform” rating to a “market perform” rating and set a $26.00 target price for the company in a research report on Monday, November 7th. Stephens initiated coverage on Sunoco Logistics Partners in a research report on Thursday, September 29th. They issued an “overweight” rating and a $35.00 target price for the company. TheStreet lowered Sunoco Logistics Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, BMO Capital Markets lowered Sunoco Logistics Partners from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $35.00 to $26.00 in a research report on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.44.

Sunoco Logistics Partners (NYSE:SXL) opened at 24.25 on Friday. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 48.69 and a beta of 1.05. Sunoco Logistics Partners has a 12 month low of $15.43 and a 12 month high of $31.49. The firm’s 50-day moving average is $23.71 and its 200-day moving average is $27.03.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its position in Sunoco Logistics Partners by 7.8% in the third quarter. Alps Advisors Inc. now owns 14,614,898 shares of the company’s stock valued at $415,209,000 after buying an additional 1,063,328 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in Sunoco Logistics Partners by 5.4% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,723,325 shares of the company’s stock valued at $304,635,000 after buying an additional 553,750 shares during the last quarter. Chickasaw Capital Management LLC increased its position in Sunoco Logistics Partners by 6.0% in the second quarter. Chickasaw Capital Management LLC now owns 7,518,454 shares of the company’s stock valued at $216,156,000 after buying an additional 423,200 shares during the last quarter. ING Groep NV increased its position in Sunoco Logistics Partners by 137.0% in the second quarter. ING Groep NV now owns 6,775,032 shares of the company’s stock valued at $194,850,000 after buying an additional 3,916,189 shares during the last quarter. Finally, Morgan Stanley increased its position in Sunoco Logistics Partners by 88.2% in the third quarter. Morgan Stanley now owns 6,556,653 shares of the company’s stock valued at $186,274,000 after buying an additional 3,072,500 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Sunoco Logistics Partners LP (SXL) to Post Q3 2017 Earnings of $0.42 Per Share, Jefferies Group Forecasts” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at http://www.watchlistnews.com/sunoco-logistics-partners-lp-sxl-to-post-q3-2017-earnings-of-0-42-per-share-jefferies-group-forecasts/1061509.html.

About Sunoco Logistics Partners

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling 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. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs.

5 Day Chart for NYSE:SXL

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