What Analysts Recommend for Sunoco Logistics Partners
Of the analysts covering Sunoco Logistics, 52.9% rate the stock a “buy,” while 41.2% rate it as a “hold,” and the remaining 5.9% rate it as a “sell.”
As of August 26, 2016, Sunoco Logistics Partners’ implied volatility has declined significantly after rising to over 90.0% at the beginning of 2016.
Sunoco Logistics Partners’ short interest as a percentage of float is 1.5%. The ratio declined after increasing to 3.5% at the beginning of March 2016.
The number of institutional holders in Sunoco Logistics has increased to 385 as of August 29, 2016, as compared to 371 at the end of 2015.
Sunoco Logistics Partners (SXL) Mariner NGL (natural gas liquids) systems have not performed according to expectations in recent quarters.
Crude oil production in the Eagle Ford and Bakken regions has declined by 14.7% and 24.7%, respectively, since the beginning of 2016 through August 1, 2016.
The correlation coefficient of Sunoco Logistics’ stock price to crude oil is 0.53 for the past year. Natural gas and SXL have had a coefficient of 0.06.
Sunoco Logistics Partners (SXL) has the highest enterprise value of $15.4 billion among select peers. Buckeye Partners (BPL) follows SXL.
Sunoco Logistics is trading at a price-to-distributable-cash-flow ratio of 9.2x, which is below its historical average of 11.7x for the past ten years.
Sunoco Logistics Partners ended 2Q16 with a total outstanding debt of $6.1 billion, which is 9.3% higher than its debt outstanding at the end of 2015.
Construction on Sunoco Logistics Partners’ ambitious Dakota Access Pipeline Project, part of the Bakken Pipeline, has halted following local protests.
Sunoco Logistics Partners’ Crude Oil segment is SXL’s largest business segment, accounting for 47% of SXL’s 2Q16 adjusted EBITDA.
Sunoco Logistics Partners, which is part of the Energy Transfer Family, has gained 16.3% YTD, despite touching multiyear lows at the beginning of 2016.
Valero Energy Partners targets an annual distribution growth rate of 25% through 2017. Drop-downs from sponsors are expected to drive this growth.
Valero Energy Partners’ (VLP) short interest as a percentage of its float is 3.1%. Its short interest as a percentage of its float was 3.0% at the end of 2Q16.
Valero Energy Partners is trading at a forward distribution yield of nearly 4%—higher than its historical average yield of 3.3% since the beginning of 2014.
Valero Energy Partners’ (VLP) debt-to-EBITDA ratio is 2.8x. The ratio has remained conservative over the last few quarters.
Valero Energy Partners aims to grow distributions at an annual rate of 25% through 2017. Currently, the company trades at a distribution yield of 3.2%.
About 87% of the analysts surveyed rated Valero Energy Partners a “buy,” while 7% rated it a “hold.” Nearly 6% of the surveyed analysts rated it a “sell.”
The NYMEX near-month WTI (West Texas Intermediate) crude oil (USO) futures prices fell by 1.8% in the week ended August 26, 2016.