Analyst Price Target Update on Sunoco Logistics Partners LP (NYSE:SXL)

Sunoco Logistics Partners LP (NYSE:SXL): The stock price is expected to reach $ 31.11 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $38 while the lower estimate is at $21. The standard deviation of the price stands at $4.68.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Jefferies downgrades the rating on Sunoco Logistics Partners LP (NYSE:SXL). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Sunoco Logistics Partners L.P., Bray Basil Leon, had purchased 150 shares in a transaction dated on May 16, 2014. The transaction was executed at $39.09 per share with total amount equaling $5,864.

Sunoco Logistics Partners LP (NYSE:SXL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.51 points or 1.83% at $27.36 with 1,108,794 shares getting traded. Post opening the session at $27.22, the shares hit an intraday low of $27 and an intraday high of $27.606 and the price was in this range throughout the day. The company has a market cap of $8,090 million and the number of outstanding shares have been calculated to be 295,697,400 shares. The 52-week high of Sunoco Logistics Partners LP (NYSE:SXL) is $39.01 and the 52-week low is $15.43.

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). 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 Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.

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