Sunoco (NYSE:SUN) Getting Somewhat Favorable Media Coverage, Accern Reports

News stories about Sunoco (NYSE:SUN) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog 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 earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.6108185900792 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently issued reports on SUN. Mizuho restated a “sell” rating and issued a $29.00 price objective on shares of Sunoco in a research note on Friday, October 20th. Goldman Sachs Group upgraded shares of Sunoco from a “sell” rating to a “neutral” rating and set a $33.00 price objective on the stock in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of Sunoco from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, November 16th. Jefferies Group reiterated a “neutral” rating on shares of Sunoco in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. upgraded shares of Sunoco from a “neutral” rating to an “overweight” rating and set a $29.20 price target on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.61.

Shares of Sunoco (NYSE:SUN) traded up $0.79 during trading hours on Friday, hitting $31.59. 653,906 shares of the stock traded hands, compared to its average volume of 561,622. Sunoco has a 52 week low of $23.09 and a 52 week high of $32.67. The company has a debt-to-equity ratio of 2.28, a current ratio of 4.02 and a quick ratio of 3.75. The firm has a market cap of $3,140.00, a P/E ratio of -6.16 and a beta of 0.56.

In other news, insider Arnold Dodderer sold 2,512 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $28.98, for a total value of $72,797.76. Following the sale, the insider now owns 23,923 shares in the company, valued at approximately $693,288.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2018/01/13/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-sunoco-sun-stock-price.html.

Sunoco Company Profile

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

Insider Buying and Selling by Quarter for Sunoco (NYSE:SUN)

Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply