Sunoco (NYSE:SUN) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Sunoco (NYSE:SUN) from a sell rating to a strong sell rating in a research report released on Wednesday morning, ValuEngine reports.

Several other analysts have also recently commented on the company. Stifel Nicolaus set a $34.00 target price on Sunoco and gave the stock a hold rating in a research report on Monday, August 12th. Raymond James decreased their target price on Sunoco from $35.00 to $33.00 and set an outperform rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Sunoco has an average rating of Hold and a consensus price target of $31.00.

Shares of SUN traded up $0.15 during trading hours on Wednesday, hitting $31.25. 102,257 shares of the company were exchanged, compared to its average volume of 284,245. The company has a market capitalization of $3.10 billion, a PE ratio of 12.11 and a beta of 0.77. The company has a debt-to-equity ratio of 4.51, a current ratio of 1.24 and a quick ratio of 0.78. The firm has a fifty day simple moving average of $31.20 and a 200-day simple moving average of $31.26. Sunoco has a one year low of $23.80 and a one year high of $34.09.

Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.31). The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.17 billion. Sunoco had a return on equity of 35.57% and a net margin of 1.21%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. Sell-side analysts expect that Sunoco will post 2.28 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new stake in Sunoco during the second quarter valued at $33,000. Steward Partners Investment Advisory LLC acquired a new stake in Sunoco during the second quarter valued at $41,000. Tower Research Capital LLC TRC acquired a new stake in Sunoco during the second quarter valued at $44,000. Stonebridge Capital Advisors LLC acquired a new stake in Sunoco during the second quarter valued at $59,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Sunoco during the second quarter valued at $203,000. 28.67% of the stock is owned by hedge funds and other institutional investors.

About Sunoco

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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