Sunoco LP (NYSE: SUN)’s stock price has soared by 5.61 in relation to previous closing price of 51.13. Nevertheless, the company has seen a loss of -0.97% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-16 that Sponsored: Want to Retire Early?
Is It Worth Investing in Sunoco LP (NYSE: SUN) Right Now?
Sunoco LP (NYSE: SUN) has a price-to-earnings ratio of 14.84x that is above its average ratio. Additionally, the 36-month beta value for SUN is 1.32. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 3 rating it as “sell.”
The public float for SUN is 54.76M and currently, short sellers hold a 5.25% ratio of that float. The average trading volume of SUN on April 18, 2024 was 483.18K shares.
SUN’s Market Performance
SUN’s stock has seen a -0.97% decrease for the week, with a -12.04% drop in the past month and a -11.59% fall in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are at 2.22% for Sunoco LP The simple moving average for the past 20 days is -7.34% for SUN’s stock, with a 1.68% simple moving average for the past 200 days.
Analysts’ Opinion of SUN
Many brokerage firms have already submitted their reports for SUN stocks, with Citigroup repeating the rating for SUN by listing it as a “Neutral.” The predicted price for SUN in the upcoming period, according to Citigroup is $65 based on the research report published on February 27, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see SUN reach a price target of $62. The rating they have provided for SUN stocks is “Hold” according to the report published on February 20th, 2024.
Citigroup gave a rating of “Buy” to SUN, setting the target price at $65 in the report published on January 24th of the current year.
SUN Trading at -10.49% from the 50-Day Moving Average
After a stumble in the market that brought SUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.78% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -12.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.69% lower at present.
During the last 5 trading sessions, SUN fell by -0.97%, which changed the moving average for the period of 200-days by +23.97% in comparison to the 20-day moving average, which settled at $57.90. In addition, Sunoco LP saw -9.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SUN starting from Dodderer Arnold, who sale 7,832 shares at the price of $53.20 back on Dec 05 ’23. After this action, Dodderer Arnold now owns 77,890 shares of Sunoco LP, valued at $416,623 using the latest closing price.
Stock Fundamentals for SUN
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.05 for the gross margin
The net margin for Sunoco LP stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 32.40, with 4.54 for asset returns.
Based on Sunoco LP (SUN), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 3.59. The interest coverage ratio of the stock is 2.58.
Currently, EBITDA for the company is 794.0 million with net debt to EBITDA at 6.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 26.33for trailing twelve months and the total asset turnover is 3.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In conclusion, Sunoco LP (SUN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
