Sunoco LP Common Units represen (NYSE:SUN):
Sunoco LP Maintains Quarterly Distribution.
The company is now down by -0.21 percent from yesterday’s close.
Additionally Sunoco LP Common Units represen announced a dividend that was paid on Mon Aug 15, 2016. The dividend was $0.693 per share for the quarter which comes to $2.77 on an annualized basis. This dividend amount represented a yeild of $7.70. The ex-dividend date was Wednesday the 3rd of August 2016.
Company chares are trading at $28.43 which is just a bit below $29.12, the 50 day moving average and which is slightly below the 200 day moving average of $30.97. The 50 day moving average was down $-0.69 or -2.38% and the 200 day average went down $-2.54 or -8.21%.
The company’s P/E ratio is 23.87 and market capitalization is 3.18B. In the last earnings report the EPS was $1.19 and is projected to be $1.78 for the current year with 111,750,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.24 with next year’s EPS projected to be $1.70.
Several brokerages have provided guidance on Sunoco LP Common Units represen recently. Mizuho Securities started covering SUN with a rating of “Neutral”. Equity analyst Citigroup issued its first research report on the stock giving it an initial rating of “Neutral” and establishing a price target of $30.00.
On September 9 analysts at FBR Capital began coverage by announcing an initial rating of “Market Perform” and projecting a price target of $32.00. On June 21, 2016 Oppenheimer initiated coverage on SUN setting a rating of “Outperform”.
Jefferies lowered the price target and downgraded the stock on June 8 changing the price objective from $35.00 to $23.00 and setting the rating at “Underperform” which had previously been “Hold”. On June 8 the stock rating was downgraded from “Hold” to “Underperform” and a price target of $23.00 was set in a report from Jefferies.