Suburban Propane Partners, L.P. (NYSE:SPH) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $29.67.

SPH has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. ValuEngine downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus upped their target price on shares of Suburban Propane Partners, L.P. to $29.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th.

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A number of hedge funds have recently bought and sold shares of SPH. Energy Income Partners LLC bought a new stake in Suburban Propane Partners, L.P. during the fourth quarter valued at about $50,225,000. OppenheimerFunds Inc. boosted its stake in Suburban Propane Partners, L.P. by 18.6% in the first quarter. OppenheimerFunds Inc. now owns 4,614,383 shares of the energy company’s stock valued at $124,404,000 after buying an additional 723,317 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in Suburban Propane Partners, L.P. during the first quarter valued at about $6,290,000. Goldman Sachs Group Inc. boosted its stake in Suburban Propane Partners, L.P. by 27.6% in the first quarter. Goldman Sachs Group Inc. now owns 816,752 shares of the energy company’s stock valued at $22,020,000 after buying an additional 176,872 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Suburban Propane Partners, L.P. by 37.2% in the first quarter. Morgan Stanley now owns 618,482 shares of the energy company’s stock valued at $16,674,000 after buying an additional 167,691 shares in the last quarter. 27.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Suburban Propane Partners, L.P. (NYSE SPH) traded down 2.95% during midday trading on Monday, hitting $24.36. 184,601 shares of the stock were exchanged. The firm has a market cap of $1.49 billion, a P/E ratio of 52.27 and a beta of 0.69. Suburban Propane Partners, L.P. has a 12-month low of $22.71 and a 12-month high of $35.95. The firm has a 50 day moving average of $24.03 and a 200 day moving average of $27.11.

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its earnings results on Thursday, May 4th. The energy company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.82 by $0.46. The firm had revenue of $450.58 million during the quarter, compared to analysts’ expectations of $503.38 million. Suburban Propane Partners, L.P. had a net margin of 2.51% and a return on equity of 3.86%. Suburban Propane Partners, L.P.’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share. Equities analysts forecast that Suburban Propane Partners, L.P. will post $0.71 EPS for the current fiscal year.

About Suburban Propane Partners, L.P.

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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