Marathon Petroleum (NYSE: MPC), Entergy Corp. (NYSE: ETR), Sunoco Incorporated (NYSE: SUN), Enbridge Energy Management, L.L.C. (NYSE: EEQ), Gran Tierra Energy Inc. (NYSE: GTE) and Suncoke Energy (NYSE: SXC) ratings and price targets.
Marathon Petroleum (MPC) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Entergy Corp. (ETR) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Sunoco Incorporated (SUN) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Enbridge Energy Management, L.L.C. (EEQ) was downgraded by Wells Fargo & Co. (NYSE:WFC) to a “Market Perform” rating.
Gran Tierra Energy Inc. (GTE) was downgraded by Tudor Pickering to an “Accumulate” rating.
Credit Suisse (NYSE:CS) initiated coverage on Suncoke Energy (SXC). They placed an “Outperform” rating on the company.
Showing posts with label Sunoco. Show all posts
Showing posts with label Sunoco. Show all posts
Thursday, February 2, 2012
Tuesday, January 10, 2012
Steris (STE) (SUN) (SXL) (CFN) (CHH) (CHK) Downgraded
Steris Co. (NYSE: STE), Sunoco Incorporated (NYSE: SUN), SunoCo Logistics Partners LP (NYSE: SXL), CareFusion Co. (NYSE: CFN), Choice Hotels (NYSE: CHH) and Chesapeake Energy (NYSE: CHK) were downgraded by analysts.
Steris Co. (STE) was downgraded by CL King from a “Neutral” rating to a “Sell” rating.
Sunoco Incorporated (SUN) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
SunoCo Logistics Partners LP (SXL) was downgraded by Tudor Pickering to a “Hold” rating.
CareFusion Co. (CFN) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
Choice Hotels (CHH) was downgraded by MKM Partners from a “Neutral” rating to a “Sell” rating. They have a price target of $32.00 on the company, down from $34.00.
Chesapeake Energy (CHK) was downgraded by ISI Group from a “Hold” rating to a “Sell” rating.
Steris Co. (STE) was downgraded by CL King from a “Neutral” rating to a “Sell” rating.
Sunoco Incorporated (SUN) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
SunoCo Logistics Partners LP (SXL) was downgraded by Tudor Pickering to a “Hold” rating.
CareFusion Co. (CFN) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
Choice Hotels (CHH) was downgraded by MKM Partners from a “Neutral” rating to a “Sell” rating. They have a price target of $32.00 on the company, down from $34.00.
Chesapeake Energy (CHK) was downgraded by ISI Group from a “Hold” rating to a “Sell” rating.
Monday, January 9, 2012
Integra (IART) (INHX) (SUN) (TRGP) (OZM) (PRX) Ratings, Price Targets
Integra LifeSciences (NASDAQ: IART), Inhibitex (NASDAQ: INHX), Sunoco Incorporated (NYSE: SUN), Targa Resources Investments Inc. (NASDAQ: TRGP), Och-Ziff Capital Management Group LLC (NYSE: OZM) and Par Pharmaceutical Companies Incorporated (NYSE: PRX) ratings and price targets.
Integra LifeSciences (IART) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
Inhibitex (INHX) had its “buy” rating reiterated by MLV & Co. They have a price target of $26.00 on the firm.
Sunoco Incorporated (SUN) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating.
Targa Resources Investments Inc. (TRGP) was downgraded by Tudor Pickering from a “buy” rating to an “accumulate” rating.
Och-Ziff Capital Management Group LLC (OZM) was upgraded by Goldman Sachs (NYSE:GS) to a “buy” rating.
Par Pharmaceutical Companies Incorporated (PRX) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating.
Integra LifeSciences (IART) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
Inhibitex (INHX) had its “buy” rating reiterated by MLV & Co. They have a price target of $26.00 on the firm.
Sunoco Incorporated (SUN) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating.
Targa Resources Investments Inc. (TRGP) was downgraded by Tudor Pickering from a “buy” rating to an “accumulate” rating.
Och-Ziff Capital Management Group LLC (OZM) was upgraded by Goldman Sachs (NYSE:GS) to a “buy” rating.
Par Pharmaceutical Companies Incorporated (PRX) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating.
Wednesday, November 2, 2011
Sunoco (SUN) (MKSI) (MPC) (PANL) (SFY) Get New Coverage
Sunoco Incorporated (NYSE: SUN), MKS Instruments, Inc. (NASDAQ: MKSI), Marathon Petroleum (NYSE: MPC), Universal Display Co. (NASDAQ: PANL) and Swift Energy (NYSE: SFY) getting new coverage from analysts.
Global Hunter Securities initiated coverage on Sunoco Incorporated (SUN). They placed a “Neutral” rating on the company.
Dougherty & Co. initiated coverage on MKS Instruments, Inc. (MKSI). They placed a “Buy” rating and a price target of $33.00 on the company.
Global Hunter Securities initiated coverage on Marathon Petroleum (MPC). They placed a “Buy” rating and a price target of $55.00 on the company.
Piper Jaffray (NYSE:PJC) initiated coverage on Universal Display Co. (PANL). They placed an “Underweight” rating on the company.
Brean Murray initiated coverage on Swift Energy (SFY). They placed a “Buy” rating and a price target of $54.00 on the company.
Global Hunter Securities initiated coverage on Sunoco Incorporated (SUN). They placed a “Neutral” rating on the company.
Dougherty & Co. initiated coverage on MKS Instruments, Inc. (MKSI). They placed a “Buy” rating and a price target of $33.00 on the company.
Global Hunter Securities initiated coverage on Marathon Petroleum (MPC). They placed a “Buy” rating and a price target of $55.00 on the company.
Piper Jaffray (NYSE:PJC) initiated coverage on Universal Display Co. (PANL). They placed an “Underweight” rating on the company.
Brean Murray initiated coverage on Swift Energy (SFY). They placed a “Buy” rating and a price target of $54.00 on the company.
Monday, September 12, 2011
Triangle (TPLM) (CONN) (SUN) (CRI) (SLM) Upgraded
Triangle Petroleum (NASDAQ: TPLM), CONN’S, Inc. (NASDAQ: CONN), Sunoco Incorporated (NYSE: SUN), Carter’s, Inc. (NYSE: CRI) and SLM Co. (NYSE: SLM) were upgraded by analysts.
Triangle Petroleum (TPLM) was upgraded by Northland Securities from a “Market Perform” rating to an “Outperform” rating. They have a price target of $10.50 on the company.
CONN’S, Inc. (CONN) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating. They have a price target of $10.00 on the company, up from $7.00.
Sunoco Incorporated (SUN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Carter’s, Inc. (CRI) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $38.00 on the company, up from $33.00.
SLM Co. (SLM) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
Triangle Petroleum (TPLM) was upgraded by Northland Securities from a “Market Perform” rating to an “Outperform” rating. They have a price target of $10.50 on the company.
CONN’S, Inc. (CONN) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating. They have a price target of $10.00 on the company, up from $7.00.
Sunoco Incorporated (SUN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Carter’s, Inc. (CRI) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $38.00 on the company, up from $33.00.
SLM Co. (SLM) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
Friday, September 2, 2011
EXCO (XCO) (EGP) (AEO) (SUN) (HI) (HRC) (CTS) Declare Dividends
Dividends declared by EXCO Resources INC (NYSE:XCO), EastGroup Properties Inc. (NYSE:EGP), American Eagle Outfitters Inc. (NYSE:AEO), Sunoco Inc. (NYSE:SUN), Hillenbrand Inc. (NYSE:HI), Hill-Rom Holdings Inc. (NYSE:HRC) and CTS Corp (NYSE:CTS).
The Board of Directors of EXCO Resources INC. (XCO) declared a quarterly common stock dividend of $0.04 per share payable 9/30/11 to shareholders of record at the close of business on 9/15/11.
The Board of Directors of EastGroup Properties Inc. (EGP) declared a quarterly common stock dividend of $0.52 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of American Eagle Outfitters Inc. (AEO) declared a quarterly common stock dividend of $0.11 per share payable 10/7/11 to shareholders of record at the close of business on 9/26/11.
The Board of Directors of Sunoco Inc. (SUN) declared a fourth quarter common stock dividend of $0.15 per share payable 12/9/11 to shareholders of record at the close of business on 11/10/11.
The Board of Directors of Hillenbrand Inc. (HI) declared a fourth quarter common stock dividend of $0.19 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of Hill-Rom Holdings Inc. (HRC) declared a fourth quarter common stock dividend of $0.1125 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of CTS Corp (CTS) declared a third quarter common stock dividend of $0.03 per share payable 11/4/11 to shareholders of record at the close of business on 9/30/11.
The Board of Directors of EXCO Resources INC. (XCO) declared a quarterly common stock dividend of $0.04 per share payable 9/30/11 to shareholders of record at the close of business on 9/15/11.
The Board of Directors of EastGroup Properties Inc. (EGP) declared a quarterly common stock dividend of $0.52 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of American Eagle Outfitters Inc. (AEO) declared a quarterly common stock dividend of $0.11 per share payable 10/7/11 to shareholders of record at the close of business on 9/26/11.
The Board of Directors of Sunoco Inc. (SUN) declared a fourth quarter common stock dividend of $0.15 per share payable 12/9/11 to shareholders of record at the close of business on 11/10/11.
The Board of Directors of Hillenbrand Inc. (HI) declared a fourth quarter common stock dividend of $0.19 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of Hill-Rom Holdings Inc. (HRC) declared a fourth quarter common stock dividend of $0.1125 per share payable 9/30/11 to shareholders of record at the close of business on 9/16/11.
The Board of Directors of CTS Corp (CTS) declared a third quarter common stock dividend of $0.03 per share payable 11/4/11 to shareholders of record at the close of business on 9/30/11.
Tuesday, August 16, 2011
Tyson (TSN) (GM) (TPCG) (IBM) (PNM) (SEE) (SUN) (SYK) Upgraded
Tyson Foods, Inc. (NYSE: TSN), General Motors (NYSE: GM), TPC Group, Inc. (NASDAQ: TPCG), IBM (NYSE: IBM), PNM Resources, Inc. (NYSE: PNM), Sealed Air Corp. (NYSE: SEE), Sunoco Incorporated (NYSE: SUN) and Stryker (NYSE: SYK) upgraded by analysts.
Tyson Foods, Inc. (TSN) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
General Motors (GM) was upgraded by Ticonderoga from a “Neutral” rating to a “Buy” rating. They have a price target of $42.00 on the company.
TPC Group, Inc. (TPCG) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
IBM (IBM) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $195.00 on the company.
PNM Resources, Inc. (PNM) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $16.00 on the company, up from $15.00.
Sealed Air Corp. (SEE) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They cited valuation as the catalyst behind the call.
Sunoco Incorporated (SUN) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Stryker (SYK) was upgraded by Rodman & Renshaw from a “Market Perform” rating to an “Outperform” rating. They have a price target of $56.00 on the company.
Tyson Foods, Inc. (TSN) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
General Motors (GM) was upgraded by Ticonderoga from a “Neutral” rating to a “Buy” rating. They have a price target of $42.00 on the company.
TPC Group, Inc. (TPCG) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
IBM (IBM) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $195.00 on the company.
PNM Resources, Inc. (PNM) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $16.00 on the company, up from $15.00.
Sealed Air Corp. (SEE) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They cited valuation as the catalyst behind the call.
Sunoco Incorporated (SUN) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Stryker (SYK) was upgraded by Rodman & Renshaw from a “Market Perform” rating to an “Outperform” rating. They have a price target of $56.00 on the company.
Monday, July 25, 2011
AMD (AMD) (EVEP) (SUN) (MSFT) (ESRX) Upgraded by Analysts
Advanced Micro Devices (NYSE: AMD), EV Energy (NASDAQ: EVEP), Sunoco Incorporated (NYSE: SUN), Microsoft Corp (NASDAQ: MSFT) and Express Scripts, Inc. (NASDAQ: ESRX) upgraded by analysts.
EV Energy (EVEP) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $71.00 on the company.
Sunoco Incorporated (SUN) was upgraded by CRT Capital to a “Sell” rating.
Microsoft Corp. (MSFT) was upgraded by Davenport from a “Neutral” rating to a “Buy” rating.
Express Scripts, Inc. (ESRX) was upgraded by Maxim Group from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.
Advanced Micro Devices (AMD) was upgraded by Wells Fargo & Co. (NYSE:WFC) from an “Underperform” rating to a “Market Perform” rating.
EV Energy (EVEP) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $71.00 on the company.
Sunoco Incorporated (SUN) was upgraded by CRT Capital to a “Sell” rating.
Microsoft Corp. (MSFT) was upgraded by Davenport from a “Neutral” rating to a “Buy” rating.
Express Scripts, Inc. (ESRX) was upgraded by Maxim Group from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.
Advanced Micro Devices (AMD) was upgraded by Wells Fargo & Co. (NYSE:WFC) from an “Underperform” rating to a “Market Perform” rating.
Monday, May 9, 2011
Price Targets on (SPR) (SUN) (TMH) (TRGP) Updated
Price Targets on Spirit AeroSystems Holdings, Inc. (NYSE: SPR), Sunoco Incorporated (NYSE: SUN), Team Health Holdings (NYSE: TMH) and Targa Resources Investments Inc (NASDAQ: TRGP) were updated by analysts.
Barclays Capital raised their price target on Spirit AeroSystems Holdings, Inc. (SPR) from $25.00 to $28.00. They have an “overweight” rating on the company.
Barclays Capital cut their price target on Sunoco Incorporated (SUN) from $58.00 to $55.00. They have an “overweight” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Team Health Holdings (TMH) from $22.00 to $25.00. They have a “buy” rating on the company.
Barclays Capital raised their price target on Targa Resources Investments Inc (TRGP) from $35.00 to $38.00. They have an “overweight” rating on the company.
Barclays Capital raised their price target on Spirit AeroSystems Holdings, Inc. (SPR) from $25.00 to $28.00. They have an “overweight” rating on the company.
Barclays Capital cut their price target on Sunoco Incorporated (SUN) from $58.00 to $55.00. They have an “overweight” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Team Health Holdings (TMH) from $22.00 to $25.00. They have a “buy” rating on the company.
Barclays Capital raised their price target on Targa Resources Investments Inc (TRGP) from $35.00 to $38.00. They have an “overweight” rating on the company.
Monday, May 2, 2011
Dividend Yields for (MRO) (EQT) (OXY) (MUR) (SUN)
Indicated dividend yields for Standard & Poor's 500 Index companies Marathon Oil Corp (MRO), EQT Corp (EQT), Occidental Petroleum Corp (OXY), Murphy Oil Corp (MUR) and Sunoco Inc (SUN) .
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Marathon Oil Corp (MRO) has a dividend yield of 1.85 percent on a declared dividend of $0.25. The payout ratio is 25.1 percent.
EQT Corp (EQT) has a dividend yield of 1.67 percent on a declared dividend of $0.22. The payout ratio is 26.9 percent.
Occidental Petroleum Corp (OXY) has a dividend yield of 1.61 percent on a declared dividend of $0.46. The payout ratio is 26.6 percent.
Murphy Oil Corp (MUR) has a dividend yield of 1.42 percent on a declared dividend of $0.28. The payout ratio is 30.4 percent.
Sunoco Inc (SUN) has a dividend yield of 1.41 percent on a declared dividend of $0.15. The payout ratio is 62.3 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Marathon Oil Corp (MRO) has a dividend yield of 1.85 percent on a declared dividend of $0.25. The payout ratio is 25.1 percent.
EQT Corp (EQT) has a dividend yield of 1.67 percent on a declared dividend of $0.22. The payout ratio is 26.9 percent.
Occidental Petroleum Corp (OXY) has a dividend yield of 1.61 percent on a declared dividend of $0.46. The payout ratio is 26.6 percent.
Murphy Oil Corp (MUR) has a dividend yield of 1.42 percent on a declared dividend of $0.28. The payout ratio is 30.4 percent.
Sunoco Inc (SUN) has a dividend yield of 1.41 percent on a declared dividend of $0.15. The payout ratio is 62.3 percent.
Friday, April 8, 2011
Chevron (CVX), (ALJ) to Crush Estimates Says Barclays (BCS)
Large oil companies appear ready to explode past estimates for the first quarter, according to Barclays (NYSE:BCS) analyst Paul Cheng, citing Chevron (NYSE:CVX) and Alon USA Energy (NYSE:ALJ) as the two oil companies with the most upside.
Among the few oil companies with downside, he believes Sunoco (NYSE:SUN) will miss the most.
Cheng wrote in a note to clients, “We think the current published consensus estimates have not fully reflected the strong Brent price environment as well as the higher light/heavy oil differentials.”
On average, Chen sees the 18 integrated oil companies he covers to post year-over-year EPS increases of 54%, and 35% quarter over quarter.
Alon USA Energy closed Thursday at $14.20, dropping $0.22, or 1.53 percent. Chevron closed at $108.94, gaining $0.28, or 0.26 percent.
Among the few oil companies with downside, he believes Sunoco (NYSE:SUN) will miss the most.
Cheng wrote in a note to clients, “We think the current published consensus estimates have not fully reflected the strong Brent price environment as well as the higher light/heavy oil differentials.”
On average, Chen sees the 18 integrated oil companies he covers to post year-over-year EPS increases of 54%, and 35% quarter over quarter.
Alon USA Energy closed Thursday at $14.20, dropping $0.22, or 1.53 percent. Chevron closed at $108.94, gaining $0.28, or 0.26 percent.
Friday, February 25, 2011
Tesoro (TSO), Sunoco (SUN) Crushed Thursday on Refining Cost Concerns
Tesoro (NYSE:TSO) and Sunoco (NYSE:SUN) plunge Thursday on concerns over rising costs of refining.
Stocks extended their losses to a third straight session Thursday as investors continued to fret over turmoil in Libya and how the resulting surge in oil prices might impact the U.S. economic recovery.
However, U.S. stocks pared their declines in the afternoon as crude-oil futures fell amid uncertainty surrounding Libyan leader Moammar Gadhafi's hold on power. In addition, the International Energy Agency said it is prepared to release its emergency oil stockpiles to cover any shortfalls resulting from the turmoil in the Middle East.
The Dow Jones Industrial Average closed down 37.28 points, or 0.3%, to 12068.50. The measure's drop over the past three sessions now amounts to 322.75 points, marking its biggest three-day decline since August.
The Standard & Poor's 500-stock index closed down 1.3, or 0.1%, to 1306.10, led by its energy sector, as shares of refiners weighed. Oil is a refinery's largest cost, so rising crude prices can weigh on profits if refiners aren't able to pass those costs on to customers through higher gasoline or heating-oil prices. Tesoro tumbled $1.30, or 5.4%, to $23.01, while Sunoco fell 1.72, or 4%, to 41.30.
"How they make money is on the spread between what they can buy and what they can sell," said King Lip, chief investment officer at Baker Avenue Asset Management. "The input cost in terms of crude has obviously spiked up, but the gas price of what they can sell at has not caught up. Unless gas prices are going to start really ticking upward, the refiners are going to see some pressure."
Full Story
Stocks extended their losses to a third straight session Thursday as investors continued to fret over turmoil in Libya and how the resulting surge in oil prices might impact the U.S. economic recovery.
However, U.S. stocks pared their declines in the afternoon as crude-oil futures fell amid uncertainty surrounding Libyan leader Moammar Gadhafi's hold on power. In addition, the International Energy Agency said it is prepared to release its emergency oil stockpiles to cover any shortfalls resulting from the turmoil in the Middle East.
The Dow Jones Industrial Average closed down 37.28 points, or 0.3%, to 12068.50. The measure's drop over the past three sessions now amounts to 322.75 points, marking its biggest three-day decline since August.
The Standard & Poor's 500-stock index closed down 1.3, or 0.1%, to 1306.10, led by its energy sector, as shares of refiners weighed. Oil is a refinery's largest cost, so rising crude prices can weigh on profits if refiners aren't able to pass those costs on to customers through higher gasoline or heating-oil prices. Tesoro tumbled $1.30, or 5.4%, to $23.01, while Sunoco fell 1.72, or 4%, to 41.30.
"How they make money is on the spread between what they can buy and what they can sell," said King Lip, chief investment officer at Baker Avenue Asset Management. "The input cost in terms of crude has obviously spiked up, but the gas price of what they can sell at has not caught up. Unless gas prices are going to start really ticking upward, the refiners are going to see some pressure."
Full Story
Monday, August 2, 2010
Barclays (NYSE:BCS) Maintains "Overweight" on Sunoco (NYSE:SUN)
Barclays (NYSE:BCS) kept its "Overweight" rating on Sunoco (NYSE:SUN), with a price target of $45.
"We think the market will view SUN's 2Q10 result favorably. Excluding special items, SUN reported a 2Q10 EPS of $1.31/share, compared to our forecast of $0.86/share and consensus estimate of $0.77/share. Echoing the rest of its peers, the beat came in refining, where margins were much stronger than expected," said Barclays.
"We raise our 2010 and 2011 EPS estimates for SUN to $1.95 and $2.30 per share from $1.15 and $1.70 per share, respectively."
The oil and gas industry continues to show great results for the quarter, many handily beating analysts' estimates.
This wasn't a surprise based on higher prices, and the refining margins weren't completely unexpected either, but led most oil companies to larger-than-expected profits.
The same happened with Sunoco.
Sunoco closed Friday at $35.67, a gain of $1.38, or 4.02 percent.
"We think the market will view SUN's 2Q10 result favorably. Excluding special items, SUN reported a 2Q10 EPS of $1.31/share, compared to our forecast of $0.86/share and consensus estimate of $0.77/share. Echoing the rest of its peers, the beat came in refining, where margins were much stronger than expected," said Barclays.
"We raise our 2010 and 2011 EPS estimates for SUN to $1.95 and $2.30 per share from $1.15 and $1.70 per share, respectively."
The oil and gas industry continues to show great results for the quarter, many handily beating analysts' estimates.
This wasn't a surprise based on higher prices, and the refining margins weren't completely unexpected either, but led most oil companies to larger-than-expected profits.
The same happened with Sunoco.
Sunoco closed Friday at $35.67, a gain of $1.38, or 4.02 percent.
Thursday, January 15, 2009
Sunoco to Release Fourth Quarter Earnings
PHILADELPHIA--(BUSINESS WIRE)-- Sunoco, Inc. (NYSE:SUN) said today that it will release earnings for the fourth quarter of 2008 on Wednesday evening, February 4, 2009. The Company will hold a conference call on Thursday, February 5, 2009 at 3:00 p.m. ET to discuss its fourth quarter results. Those wishing to listen can access the call through Sunoco's website at www.SunocoInc.com. A replay will be available beginning approximately two hours following the completion of the call. A number of presentation slides will accompany the audio portion of the call and will be available to be viewed and printed shortly before the call begins.
Individuals wishing to listen to the call on the Company's website will need Windows Media Player™, which can be downloaded free of charge from Microsoft or from Sunoco's Conference Call page. To view and print the slides, you will need Acrobat Reader™, which can be downloaded free of charge from Adobe or from Sunoco's Conference Call page.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 910,000 barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, approximately 6,000 miles of crude oil and refined product owned and operated pipelines and 44 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco's cokemaking facilities in the United States have the capacity to manufacture approximately 3.0 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitoria, Brazil.
Source: Sunoco, Inc.
Sunoco, Inc.
Thomas Golembeski (media)
215-977-6298
or
Tom Harr (investors)
215-977-6764
Individuals wishing to listen to the call on the Company's website will need Windows Media Player™, which can be downloaded free of charge from Microsoft or from Sunoco's Conference Call page. To view and print the slides, you will need Acrobat Reader™, which can be downloaded free of charge from Adobe or from Sunoco's Conference Call page.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 910,000 barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, approximately 6,000 miles of crude oil and refined product owned and operated pipelines and 44 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco's cokemaking facilities in the United States have the capacity to manufacture approximately 3.0 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitoria, Brazil.
Source: Sunoco, Inc.
Sunoco, Inc.
Thomas Golembeski (media)
215-977-6298
or
Tom Harr (investors)
215-977-6764
Subscribe to:
Posts (Atom)