Media stories about Sunoco Logistics Partners (NYSE:ETP) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sunoco Logistics Partners earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- $6.57 Billion in Sales Expected for Sunoco Logistics Partners LP (NYSE:ETP) This Quarter (americanbankingnews.com)
- Energy Transfer Partners Lp (ETP) CEO Kelcy L Warren Bought $20.3 million of Shares – GuruFocus.com (gurufocus.com)
- Sunoco Logistics Partners LP (NYSE:ETP) CEO Acquires $20,330,000.00 in Stock (americanbankingnews.com)
- Zacks: Brokerages Anticipate Sunoco Logistics Partners LP (NYSE:ETP) to Announce $0.15 Earnings Per Share (americanbankingnews.com)
- Oil pipeline developer ends private security in North Dakota (finance.yahoo.com)
A number of research firms have weighed in on ETP. Zacks Investment Research upgraded Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Vetr upgraded Sunoco Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $42.84 price target for the company in a research note on Monday, April 10th. BMO Capital Markets restated a “hold” rating and issued a $39.00 price target on shares of Sunoco Logistics Partners in a research note on Monday, April 17th. Royal Bank of Canada restated a “buy” rating on shares of Sunoco Logistics Partners in a research note on Friday, April 21st. Finally, Scotiabank restated a “buy” rating and issued a $28.00 price target on shares of Sunoco Logistics Partners in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.04.
Sunoco Logistics Partners (NYSE ETP) traded down 0.99% during mid-day trading on Monday, reaching $20.00. The company had a trading volume of 4,731,180 shares. The stock has a 50-day moving average of $21.30 and a 200 day moving average of $23.65. The company’s market capitalization is $11.06 billion. Sunoco Logistics Partners has a 12-month low of $18.31 and a 12-month high of $31.49.
In related news, Director David K. Skidmore purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was purchased at an average cost of $18.64 per share, with a total value of $186,400.00. Following the completion of the acquisition, the director now directly owns 45,245 shares of the company’s stock, valued at $843,366.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was bought at an average cost of $20.33 per share, with a total value of $20,330,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,031,646 shares of the company’s stock, valued at $20,973,363.18. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,015,023 shares of company stock valued at $20,625,483. 0.17% of the stock is owned by corporate insiders.
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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.
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