Sunoco LP (SUN) concluded the recent trading session at $51.44, signifying a +0.7% move from its prior day's close.
Sunoco LP (SUN) closed the most recent trading day at $51.08, moving -1.75% from the previous trading session.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Sunoco LP (SUN) closed the most recent trading day at $51.07, moving +0.41% from the previous trading session.
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 sell-side) analysts often affect a stock's price, do they really matter?
Sunoco LP (SUN) reported earnings 30 days ago. What's next for the stock?
Sunoco LP has underperformed the market, gaining only 4% over the past year, but its integration of NuStar assets has been successful, boosting EBITDA and DCF significantly. Despite a rise in G&A expenses due to the NuStar acquisition, SUN achieved $60 million in synergies, with management confident in hitting $125 million next year. The company's balance sheet has recovered quickly, achieving a 4x net debt/EBITDA leverage target, allowing for potential capital returns to unitholders, though distribution growth will be gradual.
Sunoco LP Common Units (NYSE:SUN ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Scott Grischow - SVP, Finance and Treasurer Karl Fails - COO Joe Kim - President and CEO Austin Harkness - Chief Commercial Officer Conference Call Participants Theresa Chen - Barclays Noah Katz - JPMorgan Chase & Co. Gabriel Moreen - Mizuho Ned Baramov - Wells Fargo Operator Greetings and welcome to the Sunoco LP's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Sunoco LP (SUN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Stable demand for motor fuel and earnings from its pipeline and storage terminals are likely to have aided SUN's Q3 performance.
In the closing of the recent trading day, Sunoco LP (SUN) stood at $50.91, denoting a +0.22% change from the preceding trading day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.