Sunoco LP (NYSE: SUN) has reported E.P.S. of $-0.26 for its third fiscal quarter (ending September 30) versus $2.99 for the same period a year ago — a decline of -109%. For the latest four quarters through September 30, E.P.S. were $3.94 versus $5.62 for the same period a year ago — a decline of -30%.
Recent Price Action
Sunoco LP (NYSE: SUN) stock closed at $54.36 on 11/6/24 after a large increase of 2.1%. Moreover, trading volume in this advance was exceptionally high at 289% of normal. Relative to the market the stock has been weak over the last nine months but has risen 5.2% 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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Sunoco has a slightly positive Appreciation Score of 65 but a poor Power Rating of 24, with the Low 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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