Suburban Propane Partners LP (SPH) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Suburban Propane Partners LP (NYSE:SPH) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.00.

SPH has been the topic of a number of analyst reports. ValuEngine cut Suburban Propane Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. Zacks Investment Research upgraded Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 24th.

In other Suburban Propane Partners news, Director Jane Swift sold 2,700 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $23.13, for a total value of $62,451.00. Following the transaction, the director now owns 25,080 shares of the company’s stock, valued at $580,100.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Cowen Prime Services LLC boosted its stake in Suburban Propane Partners by 74.6% in the third quarter. Cowen Prime Services LLC now owns 5,513 shares of the energy company’s stock worth $130,000 after purchasing an additional 2,356 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Suburban Propane Partners by 4.8% during the second quarter. California Public Employees Retirement System now owns 98,466 shares of the energy company’s stock valued at $2,313,000 after acquiring an additional 4,550 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Suburban Propane Partners by 34.5% during the third quarter. Neuberger Berman Group LLC now owns 23,406 shares of the energy company’s stock valued at $551,000 after acquiring an additional 6,000 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Suburban Propane Partners during the second quarter valued at $148,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Suburban Propane Partners during the third quarter valued at $300,000. 30.55% of the stock is currently owned by institutional investors.

NYSE:SPH traded up $0.20 during trading hours on Friday, reaching $22.47. The company had a trading volume of 216,348 shares, compared to its average volume of 470,355. Suburban Propane Partners has a one year low of $18.63 and a one year high of $25.75. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 3.64 and a beta of 0.75. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.72 and a quick ratio of 0.45.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, November 15th. The energy company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.03. Suburban Propane Partners had a return on equity of 13.56% and a net margin of 5.69%. The firm had revenue of $192.92 million for the quarter, compared to analysts’ expectations of $189.92 million. Research analysts expect that Suburban Propane Partners will post 1.54 EPS for the current fiscal year.

About Suburban Propane Partners

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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