Sunoco LP (SUN - Free Report) closed the most recent trading day at $30.15, moving -0.2% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.27%. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq added 0.09%.
Coming into today, shares of the master limited partnership had gained 4.21% in the past month. In that same time, the Oils-Energy sector gained 3.94%, while the S&P 500 gained 6.26%.
SUN will be looking to display strength as it nears its next earnings release, which is expected to be February 20, 2019.
Any recent changes to analyst estimates for SUN should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.9% higher. SUN currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that SUN has a Forward P/E ratio of 12.55 right now. Its industry sports an average Forward P/E of 12.86, so we one might conclude that SUN is trading at a discount comparatively.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.