Shares of Suburban Propane Partners LP (NYSE:SPH) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.00.
SPH has been the subject of a number of recent analyst reports. Zacks Investment Research raised Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 24th. ValuEngine raised Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th.
Shares of NYSE:SPH traded down $0.14 during midday trading on Tuesday, reaching $22.34. 119,252 shares of the company’s stock were exchanged, compared to its average volume of 209,501. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 3.71 and a beta of 0.53. Suburban Propane Partners has a fifty-two week low of $21.85 and a fifty-two week high of $26.73.
Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.20. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate of $253.17 million. Suburban Propane Partners had a return on equity of 13.26% and a net margin of 5.69%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned ($0.48) EPS. As a group, equities research analysts predict that Suburban Propane Partners will post 1.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend is Monday, November 5th. Suburban Propane Partners’s payout ratio is 342.86%.
In other Suburban Propane Partners news, CFO Michael Kuglin sold 7,250 shares of Suburban Propane Partners stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $24.10, for a total value of $174,725.00. Following the completion of the transaction, the chief financial officer now directly owns 62,449 shares of the company’s stock, valued at approximately $1,505,020.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Brinkworth sold 8,000 shares of Suburban Propane Partners stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $24.32, for a total value of $194,560.00. Following the completion of the transaction, the insider now directly owns 72,437 shares of the company’s stock, valued at $1,761,667.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,750 shares of company stock valued at $404,790. 0.75% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Suburban Propane Partners in the 3rd quarter valued at about $2,841,000. ING Groep NV acquired a new position in Suburban Propane Partners in the 3rd quarter valued at about $793,000. Wells Fargo & Company MN grew its position in Suburban Propane Partners by 19.4% in the 3rd quarter. Wells Fargo & Company MN now owns 138,315 shares of the energy company’s stock valued at $3,255,000 after acquiring an additional 22,432 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Suburban Propane Partners by 76.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 19,956 shares of the energy company’s stock valued at $470,000 after acquiring an additional 8,672 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Suburban Propane Partners by 80.2% in the 3rd quarter. Private Advisor Group LLC now owns 32,174 shares of the energy company’s stock valued at $757,000 after acquiring an additional 14,316 shares in the last quarter. 29.41% of the stock is owned by institutional investors.
Suburban Propane Partners Company Profile
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
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