Sunoco LP (NYSE:SUN) saw a downside of -0.55% to close Friday at $47.20 after subtracting -$0.26 on the day. The 5-day average trading volume is 398,600 shares of the company’s common stock. It has gained $48.72 in the past week and touched a new high 4 times within the past 5 days. An average of 192,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 159,184.
SUN’s 1-month performance is 5.95% or $2.67 on its low of $44.05 reached on 08/23/23. The company’s shares have touched a 52-week low of $37.10 and high of $48.59, with the stock’s rally to the 52-week high happening on 09/22/23. YTD, SUN has achieved 9.51% or $4.10 and has reached a new high 19 times. However, the current price is down -2.86% from the 52-week high price.
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Valuation Metrics
SUN stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.17 while the price-to-book (PB) in the most recent quarter is 3.97, with the price to cash flow ratio at 9.16.
Sunoco LP’s quick ratio for the period ended June 29 was 0.77, with the current ratio over the same period at 1.53. As well, the company’s long term debt to equity for the quarter ending June 29 was 4.19, while the total debt to equity was 4.22. In terms of profitability, the gross margin trailing 12 months is 4.70%. The trailing 12-month EBITDA margin is 3.42% while for the period ending June 29, Sunoco LP’s operating margin was 2.44%. The firm’s gross profit as reported stood at $678.0 million against revenue of $25.73 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -39.08% to $87.0 million, while revenue of $141.0 million was -62.07% off the previous quarter. Analysts expected SUN to announce $1.26 per share in earnings in its latest quarter, but it posted $0.78, representing a -38.10% surprise. EBITDA for the quarter stood at more than $192.0 million. SUN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.78 billion, with total debt at $4.21 billion. Shareholders hold equity totaling $100.48 million.
Let’s look briefly at Sunoco LP (SUN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 63.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.15%.
The stock’s 5-day moving average is $47.27, reflecting a +2.41% or $1.11 change from its current price. SUN is currently trading +6.09% above its 20-day SMA, +2.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.66% and SMA200 by+12.46%.
Stochastic %K and %D was 74.85% and 80.29% and the average true range (ATR) pointed at 0.97. The RSI (14) points at 61.92%, while the 14-day stochastic is at 65.89% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at 0.90 and 1.34 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sunoco LP (NYSE: SUN), Wells Fargo upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for SUN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SUN as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is SUN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $54.00, with their median price target at $50.50. Looking at these predictions, the average price target given by analysts is for Sunoco LP (SUN) stock is $50.38.
