Sunoco: S&P Intraday Gainer

NEW YORK ( TheStreet) -- Sunoco ( SUN) was the best-performing stock in the S&P 500 on Monday morning.

The S&P was falling 4.92 points, or 0.35%, to 1,398.44.

Shares of Sunoco rose 20.07% Monday to $49.12. The petroleum refiner is being acquired by Energy Transfer Partners ( ETP) for for $5.3 billion, or $50.13 a share.

Sunoco's stock hit a 52-week high Monday of $49.50. The stock's 52-week low of $22.76 was set on Aug. 9.

Sunoco trades at an estimated price-to-earnings ratio for next year of 29.56 times; the average for energy exploration and production companies is 15.5. For comparison, Denbury Resources ( DNR) has a lower forward P/E of 10.68.

Five of the 11 analysts who cover Sunoco rated it hold. Four analysts gave the stock a buy rating and two rated it sell.

The stock has risen 19.7% year to date.

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-- Written by Alexandra Zendrian

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