Sunoco Logistics Partners L.P. (NYSE:SXL) has been downgraded to Market Perform in a statement by BMO Capital Markets earlier today.
- Updated: November 26, 2016
BMO Capital Markets has downgraded Sunoco Logistics Partners L.P. (NYSE:SXL) to Market Perform in a statement released on 11/23/2016.
Having a price of $24.16, Sunoco Logistics Partners L.P. (NYSE:SXL) traded -0.96% lower on the day. With the last close down -15.24% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SXL has recorded a 50-day average of $26.23 and a two hundred day average of $28.06. Trade Volume was down over the average, with 844,740 shares of SXL changing hands under the typical 1,992,030
Recent Performance Chart
Sunoco Logistics Partners L.P. has P/E ratio of 47.75 with a 52 week low of $15.43 and a 52 week high of $31.49 and has a market cap of $0.
In addition to BMO Capital Markets reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $32.88 with 5 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Sunoco Logistics Partners L.P. (NYSE:SXL)
Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company's segments include Crude Oil, Natural Gas Liquids and Refined Products. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs. The Crude Oil segment provides transportation, terminalling and acquisition and marketing services to crude oil markets throughout the southwest, midwest and northeastern United States. The Natural Gas Liquids segment transports, stores, and executes acquisition and marketing activities. The Refined Products segment provides transportation and terminalling services, using approximately 1,800 miles of refined products pipelines and approximately 40 active refined products marketing terminals.
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