Estimates for Sunoco LP (SUN - Free Report) have been revised upward in the past 90 days, which reflects analysts’ optimism in the stock. The Zacks Consensus Estimate for 2019 earnings has moved up 9.6%.
Units of Sunoco have rallied 12.5% in the past six months, against the industry’s decline of 17.4%.
Let’s focus on the factors that make Sunoco an attractive pick.
Zacks Rank & Surprise History
The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sunoco pulled off an average positive earnings surprise of 18.39% in the last four quarters.
Growth Projections
The Zacks Consensus Estimate for 2019 earnings per share is pegged at $2.39, reflecting year-over-year surge of 70.41%. The Zacks Consensus Estimate for 2019 revenues is pegged at $17.50 billion, reflecting year-over-year rise of 0.06%.
VGM Score
Sunoco has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are best investment options.
Acquisition Strategy
Sunoco makes strategic acquisitions to boost growth. On Aug 1, the partnership completed the Sandford Oil acquisition which included a 115-million gallon a year fuel distribution business to exploration, drilling and oilfield services for Oklahoma customers. On Oct 16, the partnership completed the acquisition of BRENCO Marketing Corporation’s fuel distribution business, which distributes approximately 95 million gallons of fuel per year across Central and East Texas. The company expects the acquisitions to be accretive to unitholders in the first year.
Other Key Picks
A few other top-ranked stocks in the Oils-Energy sector include Par Pacific Holdings, Inc (PARR - Free Report) , RGC Resources Inc (RGCO - Free Report) and CrossAmerica Partners LP (CAPL - Free Report) , each carrying a Zacks Rank #2 (Buy).
Par Pacific Holdings delivered a positive surprise of 118.86% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings surged 57.5% to $1.26 per share in the past 60 days.
RGC Resources delivered a positive surprise of 87.64% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings inched up 0.9% to $1.10 per share in the past 60 days.
CrossAmerica Partners delivered a positive surprise of 436.67% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings moved up 3.2% to 65 cents per unit in the past 60 days.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Estimates for Sunoco LP (SUN - Free Report) have been revised upward in the past 90 days, which reflects analysts’ optimism in the stock. The Zacks Consensus Estimate for 2019 earnings has moved up 9.6%.
Units of Sunoco have rallied 12.5% in the past six months, against the industry’s decline of 17.4%.
Let’s focus on the factors that make Sunoco an attractive pick.
Zacks Rank & Surprise History
The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sunoco pulled off an average positive earnings surprise of 18.39% in the last four quarters.
Growth Projections
The Zacks Consensus Estimate for 2019 earnings per share is pegged at $2.39, reflecting year-over-year surge of 70.41%. The Zacks Consensus Estimate for 2019 revenues is pegged at $17.50 billion, reflecting year-over-year rise of 0.06%.
VGM Score
Sunoco has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are best investment options.
Acquisition Strategy
Sunoco makes strategic acquisitions to boost growth. On Aug 1, the partnership completed the Sandford Oil acquisition which included a 115-million gallon a year fuel distribution business to exploration, drilling and oilfield services for Oklahoma customers. On Oct 16, the partnership completed the acquisition of BRENCO Marketing Corporation’s fuel distribution business, which distributes approximately 95 million gallons of fuel per year across Central and East Texas. The company expects the acquisitions to be accretive to unitholders in the first year.
Other Key Picks
A few other top-ranked stocks in the Oils-Energy sector include Par Pacific Holdings, Inc (PARR - Free Report) , RGC Resources Inc (RGCO - Free Report) and CrossAmerica Partners LP (CAPL - Free Report) , each carrying a Zacks Rank #2 (Buy).
Par Pacific Holdings delivered a positive surprise of 118.86% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings surged 57.5% to $1.26 per share in the past 60 days.
RGC Resources delivered a positive surprise of 87.64% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings inched up 0.9% to $1.10 per share in the past 60 days.
CrossAmerica Partners delivered a positive surprise of 436.67% in the past four quarters. The Zacks Consensus Estimate for 2019 earnings moved up 3.2% to 65 cents per unit in the past 60 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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