Suburban Propane Partners, L.P. (NYSE:SPH) Short Interest Update

Suburban Propane Partners, L.P. (NYSE:SPH) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 525,287 shares, an increase of 27.7% from the January 15th total of 411,399 shares. Based on an average daily trading volume, of 141,212 shares, the short-interest ratio is currently 3.7 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 141,212 shares, the short-interest ratio is currently 3.7 days.

Analysts Set New Price Targets

SPH has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Suburban Propane Partners in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Suburban Propane Partners to a “hold” rating in a research note on Friday, January 23rd. Finally, Argus upgraded shares of Suburban Propane Partners to a “strong-buy” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Suburban Propane Partners

A number of institutional investors have recently bought and sold shares of the stock. Founders Capital Management grew its holdings in Suburban Propane Partners by 56.4% during the third quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock valued at $35,000 after purchasing an additional 677 shares during the period. Truvestments Capital LLC purchased a new position in shares of Suburban Propane Partners during the 4th quarter valued at about $37,000. Triumph Capital Management bought a new position in shares of Suburban Propane Partners during the 3rd quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new stake in Suburban Propane Partners in the 3rd quarter worth approximately $62,000. Finally, Geneos Wealth Management Inc. raised its stake in Suburban Propane Partners by 37.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,650 shares of the energy company’s stock worth $68,000 after acquiring an additional 1,000 shares during the period. 30.94% of the stock is owned by institutional investors.

Suburban Propane Partners Stock Performance

Shares of NYSE SPH traded up $0.05 during midday trading on Tuesday, hitting $20.31. 202,307 shares of the stock traded hands, compared to its average volume of 158,752. The firm has a market capitalization of $1.35 billion, a P/E ratio of 10.00 and a beta of 0.42. Suburban Propane Partners has a one year low of $17.30 and a one year high of $22.24. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.61 and a current ratio of 0.87. The firm has a 50-day moving average of $19.28 and a two-hundred day moving average of $18.86.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, February 5th. The energy company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.53 by $0.16. Suburban Propane Partners had a return on equity of 19.94% and a net margin of 9.30%.The company had revenue of $370.39 million during the quarter, compared to analyst estimates of $392.00 million.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.4%. Suburban Propane Partners’s payout ratio is presently 64.04%.

About Suburban Propane Partners

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.