Sunoco Logistics Partners (NYSE:ETP) Receiving Somewhat Positive Press Coverage, Report Shows
Press coverage about Sunoco Logistics Partners (NYSE:ETP) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sunoco Logistics Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 47.3748497100355 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Energy Transfer Partners Reports Q2 Results (tankterminals.com)
- Energy Transfer Equity LP : Partners Reports Second Quarter Results (4-traders.com)
- Energy Transfer Equity (ETE) Earnings & Revenues Lag in Q2 (finance.yahoo.com)
- Energy Transfer Partners Reports Second Quarter Results (businesswire.com)
- Sunoco Logistics Partners LP (ETP) Issues Quarterly Earnings Results (americanbankingnews.com)
A number of research analysts have weighed in on the stock. Scotiabank set a $28.00 price objective on shares of Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Saturday, May 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Stifel Nicolaus raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Tuesday, May 9th. Credit Suisse Group lowered shares of Sunoco Logistics Partners from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Monday, May 1st. Finally, Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Sunoco Logistics Partners presently has an average rating of “Buy” and a consensus target price of $32.32.
Shares of Sunoco Logistics Partners (ETP) traded down 1.00% during mid-day trading on Thursday, reaching $19.83. 3,787,943 shares of the company’s stock traded hands. The stock’s market cap is $20.26 billion. The firm’s 50 day moving average price is $20.16 and its 200-day moving average price is $22.92. Sunoco Logistics Partners has a 12-month low of $18.31 and a 12-month high of $31.49.
Sunoco Logistics Partners (NYSE:ETP) last posted its earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.21. The company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 7.27%. Sunoco Logistics Partners’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Equities research analysts forecast that Sunoco Logistics Partners will post $0.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.20 annualized dividend and a yield of 11.09%. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.54. Sunoco Logistics Partners’s dividend payout ratio is currently 440.00%.
In other Sunoco Logistics Partners news, CEO Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of $20.33 per share, for a total transaction of $20,330,000.00. Following the purchase, the chief executive officer now directly owns 1,031,646 shares of the company’s stock, valued at $20,973,363.18. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director David K. Skidmore acquired 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of $19.49 per share, for a total transaction of $38,980.00. Following the purchase, the director now directly owns 45,245 shares in the company, valued at $881,825.05. The disclosure for this purchase can be found here. Insiders bought a total of 1,015,023 shares of company stock worth $20,625,483 in the last quarter. Company 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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