Equities research analysts predict that Sunoco Logistics Partners LP (NYSE:ETP) will report sales of $8.07 billion for the current quarter, according to Zacks. Three analysts have made estimates for Sunoco Logistics Partners’ earnings, with the highest sales estimate coming in at $9.09 billion and the lowest estimate coming in at $7.29 billion. Sunoco Logistics Partners reported sales of $2.92 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 176.4%. The firm is expected to announce its next earnings report on Wednesday, February 28th.
On average, analysts expect that Sunoco Logistics Partners will report full year sales of $8.07 billion for the current year, with estimates ranging from $27.64 billion to $29.58 billion. For the next financial year, analysts expect that the business will post sales of $32.33 billion per share, with estimates ranging from $29.49 billion to $35.64 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Sunoco Logistics Partners.
Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.49) earnings per share.
ETP has been the topic of a number of recent analyst reports. ValuEngine raised Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Tudor Pickering raised Sunoco Logistics Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Sunoco Logistics Partners in a research note on Friday, September 22nd. Morgan Stanley cut their price objective on Sunoco Logistics Partners from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Finally, Citigroup cut their price objective on Sunoco Logistics Partners from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.46.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Advisors LLC lifted its stake in Sunoco Logistics Partners by 3.2% in the third quarter. Harvest Fund Advisors LLC now owns 55,063,439 shares of the pipeline company’s stock valued at $1,007,110,000 after buying an additional 1,691,524 shares during the period. Alps Advisors Inc. lifted its stake in Sunoco Logistics Partners by 11.8% in the third quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock valued at $970,553,000 after buying an additional 5,588,379 shares during the period. JPMorgan Chase & Co. lifted its stake in Sunoco Logistics Partners by 95.5% in the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after buying an additional 11,483,706 shares during the period. Atlantic Trust Group LLC lifted its stake in Sunoco Logistics Partners by 28.3% in the third quarter. Atlantic Trust Group LLC now owns 22,926,399 shares of the pipeline company’s stock valued at $419,325,000 after buying an additional 5,054,227 shares during the period. Finally, Center Coast Capital Advisors LP raised its position in shares of Sunoco Logistics Partners by 9.4% during the third quarter. Center Coast Capital Advisors LP now owns 15,732,085 shares of the pipeline company’s stock worth $287,740,000 after purchasing an additional 1,356,947 shares during the period. 62.16% of the stock is currently owned by hedge funds and other institutional investors.
Sunoco Logistics Partners (NYSE ETP) traded down $0.01 during trading on Thursday, hitting $18.02. The company had a trading volume of 5,785,021 shares, compared to its average volume of 5,684,318. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. The firm has a market capitalization of $20,830.00, a price-to-earnings ratio of 30.03 and a beta of 1.00. Sunoco Logistics Partners has a one year low of $15.25 and a one year high of $26.73.
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.
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