Q4 2017 EPS Estimates for Sunoco Logistics Partners LP Cut by Analyst (ETP)

Sunoco Logistics Partners LP (NYSE:ETP) – Investment analysts at Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for Sunoco Logistics Partners in a report issued on Wednesday. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.43. Jefferies Group also issued estimates for Sunoco Logistics Partners’ FY2018 earnings at $1.00 EPS, FY2019 earnings at $1.18 EPS, FY2020 earnings at $1.29 EPS and FY2021 earnings at $1.36 EPS.

ETP has been the topic of a number of other research reports. Goldman Sachs Group lowered shares of Sunoco Logistics Partners from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Tuesday, October 17th. BMO Capital Markets set a $26.00 price target on shares of 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 target 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 target on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Sunoco Logistics Partners from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sunoco Logistics Partners has an average rating of “Buy” and an average price target of $26.46.

Shares of Sunoco Logistics Partners (ETP) opened at $17.66 on Friday. Sunoco Logistics Partners has a 52-week low of $15.25 and a 52-week high of $26.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.61. The firm has a market cap of $20,560.00, a P/E ratio of 29.43 and a beta of 1.00.

Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 4.97% and a return on equity of 5.88%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.49) EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in ETP. Harvest Fund Advisors LLC increased 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 purchasing an additional 1,691,524 shares in the last quarter. Alps Advisors Inc. increased 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 purchasing an additional 5,588,379 shares in the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 11,483,706 shares in the last quarter. Atlantic Trust Group LLC increased 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 purchasing an additional 5,054,227 shares in the last quarter. Finally, Center Coast Capital Advisors LP increased its stake in Sunoco Logistics Partners by 9.4% in the third quarter. Center Coast Capital Advisors LP now owns 15,732,085 shares of the pipeline company’s stock valued at $287,740,000 after purchasing an additional 1,356,947 shares in the last quarter. 62.16% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Q4 2017 EPS Estimates for Sunoco Logistics Partners LP Cut by Analyst (ETP)” was published by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/12/24/q4-2017-eps-estimates-for-sunoco-logistics-partners-lp-cut-by-analyst-etp.html.

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.

Earnings History and Estimates for Sunoco Logistics Partners (NYSE:ETP)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit