Sunoco LP with ticker code (SUN) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 53 and 47 calculating the mean target price we have $49.57. Given that the stocks previous close was at $44.43 and the analysts are correct then we can expect a percentage increase in value of 11.6%. It’s also worth noting that there is a 50 day moving average of $45.14 and the 200 moving average now moves to $42.05. The market capitalization for the company is $3,703m. You can visit the company’s website by visiting: https://www.sunocolp.com
The potential market cap would be $4,131m based on the market consensus.
Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The company’s Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel to commission agent locations. It’s All Other segment includes partnership credit card services, franchise royalties, and retail operations; and offers credit card processing, car washes, lottery, automated teller machines, money order, prepaid phone cards, and wireless services. The company owns and operates retail stores under the APlus and Aloha Island Mart brand names; and offers food, beverages, snacks, grocery and non-food merchandise, motor fuels, and other services. Sunoco LP was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in 2014. The company was founded in 1886 and is headquartered in Dallas, Texas.
The company has a dividend yield of 7.5% with the ex dividend date set at 6-2-2023 (DMY).
Other points of data to note are a P/E ratio of 9.41, revenue per share of 307.19 and a 6.57% return on assets.
