Star Group (NYSE:SGU) declared that its board has authorized a share buyback plan, which authorizes the company to buyback 3,300,000 outstanding shares on Monday, February 5th, EventVestor reports. This buyback authorization authorizes the pipeline company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Star Group (NYSE SGU) traded up $0.02 during mid-day trading on Tuesday, hitting $10.17. The stock had a trading volume of 29,276 shares, compared to its average volume of 36,392. Star Group has a 12-month low of $9.00 and a 12-month high of $11.70. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 0.19. The stock has a market cap of $572.84, a PE ratio of 16.93 and a beta of 0.07.
Star Group (NYSE:SGU) last posted its quarterly earnings data on Wednesday, January 31st. The pipeline company reported $0.24 earnings per share for the quarter. Star Group had a return on equity of 8.31% and a net margin of 2.82%. The firm had revenue of $436.83 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Monday, January 29th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, January 26th. Star Group’s dividend payout ratio (DPR) is presently 73.33%.
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Star Group Company Profile
Star Group, L.P., formerly Star Gas Partners, L.P., is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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