Sunoco LP (SUN) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...

Sunoco LP (SUN) is set to report third-quarter 2024 results on Nov. 6, before the opening bell.In the last reported quarter, Sunoco’s earnings of $3.85 per share beat the Zacks Consensus Estimate of $1.79, driven by a boost in fuel sales and positive contributions from its NuStar acquisition.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company beat on earnings in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 8.09%. This i ...

Sunoco LP (SUN) ended the recent trading session at $50.91, demonstrating a +0.22% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 0.8%.The master limited partnership's stock has dropped by 4.3% in the past month, falling short of the Oils-Energy sector's loss of 0.13% and the S&P 500's loss of 0.97%.Market participants will be closely following the finan ...

The latest trading session saw Sunoco LP (SUN) ending at $51.71, denoting a +1.11% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.18%.The master limited partnership's stock has dropped by 5.49% in the past month, exceeding the Oils-Energy sector's loss of 9.67% and lagging the S&P 500's gain of 2.76%.The upcoming earnings release of Sunoco LP will be of great ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Sunoco LP (SUN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Sunoco LP currently has an average broker ...

Group 1 - Sunoco LP's stock closed at $53.08, reflecting a -0.24% change from the previous day, underperforming compared to the S&P 500's loss of 0.17% [1] - Over the past month, Sunoco LP's stock has increased by 1.31%, outperforming the Oils-Energy sector's gain of 0.85% and the S&P 500's gain of 1.25% [1] Group 2 - Sunoco LP is expected to report an EPS of $1.56, which represents a 47.12% decline from the same quarter last year, with a revenue forecast of $5.97 billion, indicating a 5.58% decrease year-over-year [2] - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.29 per share and revenue of $23.72 billion, reflecting increases of +154.52% and +2.82% respectively from the previous year [3] Group 3 - Recent changes in analyst estimates for Sunoco LP are important as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average of +25% annually since 1988, with Sunoco LP currently holding a Zacks Rank of 3 (Hold) [6] Group 4 - Sunoco LP's Forward P/E ratio is 5.73, which is significantly lower than the industry's average Forward P/E of 18.9, indicating a valuation discount [7] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes Sunoco LP, has a Zacks Industry Rank of 193, placing it in the bottom 24% of over 250 industries [7][8]

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Sunoco LP (SUN) ended the recent trading session at $53.13, demonstrating a +0.08% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.13%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.39%. Heading into today, shares of the master limited partnership had lost 3.16% over the past month, outpacing the Oils-Energy sector's loss of 4.69% and lagging the S&P 500's gain of 2.43% in that time. The investment commu ...

Sunoco LP (NYSE: SUN ) is a midstream oil and gas master limited partnership (MLP) with a broad wholesale and retail fuel distribution network primarily serving convenience stores, dealers, and commercial customers in the US. SUN operates in over 40 US states, Puerto Rico, Europe, and Earnings analysis of individual stocks and macro analysis of broad asset class, sector and country-specific funds to discover trends using a top-down approach. For more content visit my website or follow me on Twitter (@MTSIns ...

Core Viewpoint - Sunoco LP (SUN) is currently trading at a premium valuation, with an EV/EBITDA of 17.84x compared to the industry average of 10.43x, indicating strong market confidence in its prospects, but necessitating further analysis to justify this premium [1][2] Business Model Resilience - Sunoco is a leading independent fuel distributor in the U.S., distributing over 8 billion gallons of fuel annually and leveraging a pipeline network of more than 14,000 miles across 40 states [3] - The company operates 100 terminals in the U.S., Hawaii, Mexico, and Puerto Rico, providing significant product storage capacity and generating stable cash flows through long-term contracts [4] Growth Opportunities - A joint venture with Energy Transfer LP in the Permian Basin, effective July 1, 2024, is expected to enhance distributable cash flow per unit, indicating a promising outlook for the partnership [5] - The $7.3 billion acquisition of NuStar Energy LP has diversified Sunoco's operations and improved its credit profile [6] Market Expectations - Positive developments have led to SUN's premium valuations, with investors expecting the partnership to outperform peers and the broader market [7] - Despite a year-to-date stock performance decline of 6%, leading brokers have raised SUN's short-term price target by 16.2%, with the highest target at $66, suggesting a potential upside of 22.8% [10][11] Financial Considerations - Sunoco has a debt-to-capitalization ratio of 63%, which is lower than the industry average of 71.1%, indicating a significant debt burden compared to peers [8] - The company's reliance on petroleum-based fuels poses a long-term risk as the market transitions towards cleaner energy sources [9]