Sunoco LP with ticker code (SUN) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 35 and 24 with the average target price sitting at 29.91. Given that the stocks previous close was at 26.11 this would imply there is a potential upside of 14.6%. The 50 day MA is 25.07 and the 200 moving average now moves to 25.12. The company has a market capitalisation of $2,248m. Company Website: http://www.sunocolp.com
The potential market cap would be $2,575m based on the market concensus.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. It 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. The All Other segment operates retail stores that offer motor fuel, merchandise, foodservice, and other services that include car washes, lottery, automated teller machines, money orders, prepaid phone cards, and wireless services. It also leases and rents real estate properties. Sunoco GP LLC serves as the general partner of the company. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in October 2014. Sunoco LP was incorporated in 2012 and is headquartered in Dallas, Texas.
