Sunoco Logistics Partners (NYSE:ETP) was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

ETP has been the topic of a number of other research reports. Goldman Sachs Group lowered Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, October 17th. BMO Capital Markets set a $26.00 price objective on Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price objective on shares of Sunoco Logistics Partners in a research note on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Finally, BidaskClub downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One equities 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.46.

Shares of Sunoco Logistics Partners (NYSE ETP) opened at $17.42 on Wednesday. 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 company has a market capitalization of $19,319.86, a price-to-earnings ratio of 24.95 and a beta of 1.00. Sunoco Logistics Partners has a 52 week low of $15.25 and a 52 week high of $26.73.

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, beating analysts’ consensus estimates of $0.22 by $0.11. The business 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 business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.49) earnings per share. research analysts expect that Sunoco Logistics Partners will post 0.64 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ETP. Kayne Anderson Capital Advisors LP raised its holdings in shares of Sunoco Logistics Partners by 97.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,329,104 shares of the pipeline company’s stock worth $842,685,000 after purchasing an additional 20,414,761 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Sunoco Logistics Partners by 95.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after purchasing an additional 11,483,706 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sunoco Logistics Partners by 106.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after purchasing an additional 6,127,839 shares during the period. Atlantic Trust Group LLC raised its holdings in shares of Sunoco Logistics Partners by 46.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after purchasing an additional 5,657,463 shares during the period. Finally, Alps Advisors Inc. raised its holdings in shares of Sunoco Logistics Partners by 11.8% during the 3rd 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. Institutional investors own 62.19% of the company’s stock.

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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.

Analyst Recommendations for Sunoco Logistics Partners (NYSE:ETP)

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