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
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
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