Sunoco Logistics Partners (ETP) Getting Somewhat Favorable Press Coverage, Study Shows
News headlines about Sunoco Logistics Partners (NYSE:ETP) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sunoco Logistics Partners earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 46.1021991237912 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Energy Transfer Partners Prices Senior Notes Worth $2.25B – Nasdaq (nasdaq.com)
- Why Williams Companies Is Outperforming Peers in 2017 (finance.yahoo.com)
- Understanding MLP Earnings Growth in 2Q17: ETE, WMB, PAGP, and WGP (finance.yahoo.com)
- North Dakota settles with Dakota Access pipeline builder (finance.yahoo.com)
- Ohio increases fines to $2.3M against pipeline developer (finance.yahoo.com)
Several equities analysts recently weighed in on the stock. BMO Capital Markets set a $26.00 target price on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a report on Monday, June 5th. BidaskClub upgraded shares of Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and set a $26.00 target price on shares of Sunoco Logistics Partners in a report on Friday, July 14th. Finally, Stifel Nicolaus reduced their target price on shares of Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.74.
Shares of Sunoco Logistics Partners (NYSE:ETP) opened at 18.30 on Friday. Sunoco Logistics Partners has a 52 week low of $17.85 and a 52 week high of $29.76. The firm’s market cap is $20.12 billion. The stock has a 50 day moving average of $19.06 and a 200-day moving average of $21.47.
Sunoco Logistics Partners (NYSE:ETP) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.21). Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period last year, the company earned $0.10 earnings per share. Sunoco Logistics Partners’s revenue for the quarter was up 24.3% on a year-over-year basis. Equities research analysts expect that Sunoco Logistics Partners will post $0.51 earnings per share for the current year.
In related news, Director David K. Skidmore purchased 2,000 shares of Sunoco Logistics Partners stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of $19.49 per share, with a total value of $38,980.00. Following the acquisition, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of Sunoco Logistics Partners stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,031,646 shares in the company, valued at $37,890,197.90. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,002,000 shares of company stock valued at $39,018,980. Insiders own 0.17% of the company’s stock.
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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.
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