Raymond James analyst Darren Horowitz maintained a Buy rating on Sunoco LP (NYSE: SUN) on August 9. The company’s shares opened today at $27.82.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 5.8% and a 63.4% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, EnLink Midstream Partners, and Spectra Energy Partners.
Sunoco LP has an analyst consensus of Moderate Buy, with a price target consensus of $29.67.
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Based on Sunoco LP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.61 billion and net profit of $68 million. In comparison, last year the company earned revenue of $2.4 billion and had a GAAP net loss of $250 million.
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Sunoco LP engages in the management and distribution of fuel products. It operates through the Wholesale and Retail segments. The Wholesale segment purchases fuel from a number of refiners and supplies it to its retail, affiliates, independently-operated dealer stations and to other end users of motor fuel.
