Suburban Propane Partners (NYSE:SPH) was upgraded by TheStreet from a “c” rating to a “b-” rating in a report released on Friday.
SPH has been the topic of a number of other research reports. Raymond James Financial raised Suburban Propane Partners from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Friday. Zacks Investment Research raised Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, UBS Group raised Suburban Propane Partners from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $29.00 in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Suburban Propane Partners currently has an average rating of “Hold” and a consensus price target of $27.60.
Suburban Propane Partners (NYSE:SPH) opened at $25.09 on Friday. The firm has a market capitalization of $1,511.51, a P/E ratio of 38.60 and a beta of 0.61. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 2.37. Suburban Propane Partners has a 12-month low of $22.71 and a 12-month high of $30.08.
Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, February 8th. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.28). The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $422.16 million. Suburban Propane Partners had a return on equity of 6.57% and a net margin of 3.27%. Suburban Propane Partners’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. equities analysts forecast that Suburban Propane Partners will post 1.52 EPS for the current year.
In other news, VP Sandra N. Zwickel sold 4,175 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $24.10, for a total value of $100,617.50. Following the transaction, the vice president now owns 21,060 shares of the company’s stock, valued at $507,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith P. Onderdonk sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $23.33, for a total value of $104,985.00. Following the completion of the transaction, the insider now directly owns 28,665 shares in the company, valued at approximately $668,754.45. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of SPH. Alliancebernstein L.P. grew its position in shares of Suburban Propane Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 15,384 shares of the energy company’s stock valued at $366,000 after purchasing an additional 861 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Suburban Propane Partners by 31.9% in the second quarter. Ameriprise Financial Inc. now owns 12,008 shares of the energy company’s stock valued at $286,000 after purchasing an additional 2,903 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Suburban Propane Partners by 2.0% in the second quarter. California Public Employees Retirement System now owns 89,700 shares of the energy company’s stock valued at $2,134,000 after purchasing an additional 1,800 shares during the last quarter. Legacy Advisors LLC acquired a new position in shares of Suburban Propane Partners in the third quarter valued at approximately $190,000. Finally, ING Groep NV grew its position in shares of Suburban Propane Partners by 300.2% in the third quarter. ING Groep NV now owns 430,602 shares of the energy company’s stock valued at $11,234,000 after purchasing an additional 323,000 shares during the last quarter. 25.36% of the stock is currently owned by institutional investors.
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About Suburban Propane Partners
Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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