The stock of Sunoco LP (NYSE: SUN) has decreased by -0.31 when compared to last closing price of 56.32. Despite this, the company has experienced a 1.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that In the closing of the recent trading day, Sunoco LP (SUN) stood at $56.38, denoting a -0.46% change from the preceding trading day.
Is It Worth Investing in Sunoco LP (NYSE: SUN) Right Now?
Sunoco LP (NYSE: SUN) has a higher price-to-earnings ratio of 15.43x compared to its average ratio, The 36-month beta value for SUN is at 1.29. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 3 as “sell.”
The public float for SUN is 54.75M, and currently, shorts hold a 4.67% of that float. The average trading volume for SUN on April 26, 2024 was 440.96K shares.
SUN’s Market Performance
SUN’s stock has seen a 1.16% increase for the week, with a -6.66% drop in the past month and a -3.61% fall in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.42% for Sunoco LP The simple moving average for the last 20 days is -0.23% for SUN stock, with a simple moving average of 4.89% for the last 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 -5.84% 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 -13.48% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -6.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.14% lower at present.
During the last 5 trading sessions, SUN rose by +1.21%, which changed the moving average for the period of 200-days by +26.65% in comparison to the 20-day moving average, which settled at $56.07. In addition, Sunoco LP saw -6.32% 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 Skidmore David K, who purchase 1,500 shares at the price of $52.10 back on Apr 17 ’24. After this action, Skidmore David K now owns 14,608 shares of Sunoco LP, valued at $78,144 using the latest closing price.
Dodderer Arnold, the GC & Asst. Sec. of Sunoco LP, sale 7,832 shares at $53.20 during a trade that took place back on Dec 05 ’23, which means that Dodderer Arnold is holding 77,890 shares at $416,623 based on the most recent 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 0.38. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
