Suburban Propane Partners (NYSE:SPH) Sets New 12-Month Low – Should You Sell?

Suburban Propane Partners, L.P. (NYSE:SPH)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $17.22 and last traded at $17.3650, with a volume of 49449 shares changing hands. The stock had previously closed at $17.45.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SPH shares. Zacks Research lowered shares of Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Suburban Propane Partners in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Suburban Propane Partners Price Performance

The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 1.69. The stock’s 50 day moving average price is $19.50 and its two-hundred day moving average price is $19.60. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.67 and a beta of 0.40.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, May 7th. The energy company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.32. Suburban Propane Partners had a return on equity of 19.45% and a net margin of 9.57%.The company had revenue of $551.21 million for the quarter, compared to analyst estimates of $575.00 million. Analysts anticipate that Suburban Propane Partners, L.P. will post 1.8 EPS for the current fiscal year.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Suburban Propane Partners’s payout ratio is currently 65.33%.

Hedge Funds Weigh In On Suburban Propane Partners

Several large investors have recently made changes to their positions in SPH. Founders Capital Management lifted its stake 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 worth $35,000 after purchasing an additional 677 shares during the period. Truvestments Capital LLC bought a new position in Suburban Propane Partners during the fourth quarter worth about $37,000. Triumph Capital Management bought a new position in Suburban Propane Partners during the third quarter worth about $50,000. Advisory Services Network LLC bought a new position in Suburban Propane Partners during the third quarter worth about $62,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Suburban Propane Partners by 91.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,440 shares of the energy company’s stock worth $81,000 after purchasing an additional 2,121 shares during the period. Institutional investors and hedge funds own 30.94% of the company’s stock.

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.