Sunoco LP (NYSE: SUN) is -9.01% lower on its value in year-to-date trading and has touched a low of $41.95 and a high of $64.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUN stock was last observed hovering at around $56.66 in the last trading session, with the day’s loss setting it -2.13%.
Currently trading at $54.53, the stock is -9.79% and -10.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.68 million and changing -3.76% at the moment leaves the stock 3.14% off its SMA200. SUN registered 24.10% gain for a year compared to 6-month gain of 9.67%. The firm has a 50-day simple moving average (SMA 50) of $0.38 and a 200-day simple moving average (SMA200) of $10.53.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -13.62% loss in the last 1 month and extending the period to 3 months gives it a -6.80%, and is -8.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 1.85% over the month.
Sunoco LP (SUN) has around 2389 employees, a market worth around $4.60B and $23.07B in sales. Current P/E ratio is 14.98 and Fwd P/E is 8.30. Profit margin for the company is 1.35%. Distance from 52-week low is 29.99% and -15.97% from its 52-week high. The company has generated returns on investments over the last 12 months (6.14%).
Sunoco LP quarterly earnings per share for the current quarter are estimated at $1.29 with sales reaching $5.17B over the same period.The EPS is expected to grow by 44.01% this year, but quarterly earnings will post -3.40% year-over-year. Quarterly sales are estimated to grow 5.20% in year-over-year returns.
227 institutions hold shares in Sunoco LP (SUN), with institutional investors hold 44.68% of the company’s shares. The shares outstanding are 84.41M, and float is at 54.76M with Short Float at 5.25%. Institutions hold 29.32% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 5.34 million shares valued at $232.53 million. The investor’s holdings represent 6.35% of the SUN Shares outstanding. As of Jun 29, 2023, the second largest holder is Goldman Sachs Group Inc with 2.57 million shares valued at $111.75 million to account for 3.05% of the shares outstanding. The other top investors are Blackstone Inc which holds 1.54 million shares representing 1.84% and valued at over $67.23 million, while JP Morgan Chase & Company holds 1.50% of the shares totaling 1.26 million with a market value of $54.99 million.
Sunoco LP (SUN) Insider Activity
The most recent transaction is an insider sale by Dodderer Arnold, the company’s GC & Asst. Sec. SEC filings show that Dodderer Arnold sold 7,832 shares of the company’s common stock on Dec 05 ’23 at a price of $53.20 per share for a total of $0.42 million. Following the sale, the insider now owns 77890.0 shares.
