Sunoco Logistics Partners LP (NYSE:ETP) – Research analysts at US Capital Advisors dropped their Q3 2017 EPS estimates for Sunoco Logistics Partners in a research note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.32. US Capital Advisors currently has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Sunoco Logistics Partners’ Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $0.96 EPS, Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.96 EPS.
ETP has been the subject of a number of other reports. Vetr upgraded Sunoco Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $42.84 target price for the company in a research note on Monday, April 10th. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Mizuho upgraded Sunoco Logistics Partners from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, February 27th. Finally, Robert W. Baird upgraded Sunoco Logistics Partners from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.04.
WARNING: This report was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://sleekmoney.com/us-capital-advisors-weighs-in-on-sunoco-logistics-partners-lps-q3-2017-earnings-etp/1933644.html.
Sunoco Logistics Partners (ETP) opened at 18.81 on Friday. Sunoco Logistics Partners has a one year low of $18.31 and a one year high of $31.49. The stock’s 50 day moving average is $21.98 and its 200 day moving average is $23.85. The firm’s market cap is $10.40 billion.
In other Sunoco Logistics Partners news, Director Michael K. Grimm bought 3,023 shares of the stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $23.19 per share, for a total transaction of $70,103.37. Following the completion of the purchase, the director now owns 67,633 shares in the company, valued at approximately $1,568,409.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ledyard National Bank boosted its position in Sunoco Logistics Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock valued at $117,000 after buying an additional 200 shares in the last quarter. Adirondack Trust Co. boosted its position in Sunoco Logistics Partners by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,392 shares of the pipeline company’s stock valued at $124,000 after buying an additional 19 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Sunoco Logistics Partners by 7.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,599 shares of the pipeline company’s stock valued at $168,000 after buying an additional 300 shares in the last quarter. Independent Advisor Alliance purchased a new position in Sunoco Logistics Partners during the fourth quarter valued at about $183,000. Finally, Busey Trust CO purchased a new position in Sunoco Logistics Partners during the first quarter valued at about $201,000. Institutional investors own 66.78% of the company’s stock.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/us-capital-advisors-weighs-in-on-sunoco-logistics-partners-lps-q3-2017-earnings-etp/1933644.html
Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.