A number of research firms have changed their ratings and price targets for Suburban Propane Partners, L.P. (NYSE: SPH):

  • 8/8/2017 – Suburban Propane Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnership’s operations are concentrated in the east and west coast regions of the United States. “
  • 7/27/2017 – Suburban Propane Partners, L.P. was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $27.00 price target on the stock, down previously from $32.00.
  • 7/25/2017 – Suburban Propane Partners, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/18/2017 – Suburban Propane Partners, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnership’s operations are concentrated in the east and west coast regions of the United States. “
  • 7/14/2017 – Suburban Propane Partners, L.P. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $25.00 price target on the stock.
  • 7/12/2017 – Suburban Propane Partners, L.P. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnership’s operations are concentrated in the east and west coast regions of the United States. “
  • 7/12/2017 – Suburban Propane Partners, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/23/2017 – Suburban Propane Partners, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – Suburban Propane Partners, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Suburban Propane Partners, L.P. (NYSE SPH) traded down 1.28% on Tuesday, hitting $23.85. 449,022 shares of the company traded hands. Suburban Propane Partners, L.P. has a 1-year low of $22.71 and a 1-year high of $34.50. The firm’s 50-day moving average is $24.41 and its 200 day moving average is $25.83. The firm has a market capitalization of $1.46 billion, a P/E ratio of 51.18 and a beta of 0.64.

Suburban Propane Partners, L.P. (NYSE:SPH) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.11. The company had revenue of $222.90 million for the quarter, compared to analyst estimates of $221.93 million. Suburban Propane Partners, L.P. had a return on equity of 4.09% and a net margin of 2.46%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.49) earnings per share. On average, analysts anticipate that Suburban Propane Partners, L.P. will post $0.60 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 8th. Stockholders of record on Tuesday, August 1st will be issued a $0.8875 dividend. The ex-dividend date is Friday, July 28th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 14.88%. This is a positive change from Suburban Propane Partners, L.P.’s previous quarterly dividend of $0.89. Suburban Propane Partners, L.P.’s payout ratio is presently 788.89%.

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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