Sunoco LP (NYSE: SUN) has reported earnings for its second fiscal quarter (ending June 30) of $3.88 versus $0.79 for the same period a year ago — an increase of 391%. This performance was $3.14 better than the consensus estimate of $0.74. E.P.S. were $7.92 for the latest four quarters through June 30 versus $3.39 for the same period a year ago — an increase of 134%.
Recent Price Action
Sunoco LP (NYSE: SUN) stock rose slightly by 0.2% on 8/7/24. The stock closed at $53.73. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
SUN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Sunoco has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Sunoco has a slightly positive Appreciation Score of 65 but a poor Power Rating of 18, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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