Why Sunoco LP’s (SUN) Stock Is Up 5.12% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sunoco LP before investing.

In this article, we go over a few key elements for understanding Sunoco LP’s stock price such as:

Before we jump into Sunoco LP’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership operating across 47 U.S. states, Puerto Rico, Europe, and Mexico. Its Partnership's midstream operations include a network of approximately 9,500 miles of pipeline and over 100 terminals. Its Partnership's fuel distribution operations serve over 10,000 convenience stores, independent dealers, commercial customers, and distributors. The Company’s segments include Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment distributes motor fuels and other petroleum products. This segment also includes transmix processing plants and refined products terminals. It is an exclusive wholesale supplier of the Sunoco and EcoMaxx-branded motor fuels. It is also a distributor of Chevron, Texaco, ExxonMobil and Valero branded motor fuel in the United States. The All Other segment includes retail operations in Hawaii and New Jersey, credit card services and franchise royalties.

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As of June 17, 2024, 4:00 PM, CST, Sunoco LP’s stock price was $54.64.

Sunoco LP is up 5.12% from its previous closing price of $51.98.

During the last market session, Sunoco LP’s stock traded between $51.25 and $52.35. Currently, there are 84.42 million shares of Sunoco LP stock available for purchase.

Sunoco LP’s price-earnings (P/E) ratio is currently at 11.6, which is high compared to the Oil & Gas - Refining and Marketing industry median of 10.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Sunoco LP’s (SUN) price is currently up 7.14% so far this month.

During the month of June, Sunoco LP’s stock price has reached a high of $55.41 and a low of $50.37.

Over the last year, Sunoco LP has hit prices as high as $64.89 and as low as $43.00. Year to date, Sunoco LP’s stock is up 26.77%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 14, 2024, there were 0 analysts who downgraded Sunoco LP’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Sunoco LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sunoco LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sunoco LP’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sunoco LP (SUN) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 14, 2024, Sunoco LP has a weighted four-quarter relative price strength of -4.60%, which translates to a Momentum Score of 54 and is considered to be Average.

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As of June 17, 2024, Sunoco LP’s stock price is $54.64, which is up 5.12% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sunoco LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.