NEW YORK ( TheStreet) -- Sunoco Logistics Partners (NYSE: SXL) hit a new 52-week high Thursday as it is currently trading at $39.10, above its previous 52-week high of $38.99 with 5,389 shares traded as of 9:44 a.m. ET. Average volume has been 262,200 shares over the past 30 days. Sunoco Logistics has a market cap of $1.29 billion and is part of the basic materials sector and energy industry. Shares are up 39.1% year to date as of the close of trading on Wednesday. Sunoco Logistics Partners L.P. engages in the transport, terminalling, and storage of refined products and crude oil, as well as the purchase and sale of crude oil in the United States. The company has a P/E ratio of 16.2, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sunoco Logistics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sunoco Logistics Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.