Shares of Suburban Propane Partners, L.P. (NYSE:SPH) have been given an average rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

SPH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. upgraded Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $27.00 in a research report on Thursday, July 27th. BidaskClub upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price on shares of Suburban Propane Partners, L.P. in a research report on Friday, July 14th. Finally, ValuEngine downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

Several large investors have recently bought and sold shares of SPH. Camarda Financial Advisors LLC increased its stake in Suburban Propane Partners, L.P. by 33.1% in the second quarter. Camarda Financial Advisors LLC now owns 5,282 shares of the energy company’s stock worth $126,000 after buying an additional 1,314 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Suburban Propane Partners, L.P. during the first quarter worth approximately $189,000. PNC Financial Services Group Inc. increased its stake in Suburban Propane Partners, L.P. by 56.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the energy company’s stock worth $207,000 after buying an additional 2,777 shares in the last quarter. Snow Capital Management LP purchased a new stake in Suburban Propane Partners, L.P. during the first quarter worth approximately $250,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Suburban Propane Partners, L.P. during the second quarter worth approximately $250,000. Institutional investors own 28.41% of the company’s stock.

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Shares of Suburban Propane Partners, L.P. (NYSE SPH) traded down 0.21% during trading on Tuesday, hitting $24.11. The stock had a trading volume of 215,954 shares. Suburban Propane Partners, L.P. has a 12 month low of $22.71 and a 12 month high of $34.55. The company has a market cap of $1.47 billion, a PE ratio of 51.74 and a beta of 0.64. The stock has a 50 day moving average of $24.40 and a 200 day moving average of $25.86.

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.48) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.11. Suburban Propane Partners, L.P. had a return on equity of 4.09% and a net margin of 2.46%. The business had revenue of $222.90 million for the quarter, compared to the consensus estimate of $221.93 million. During the same period in the previous year, the business earned ($0.49) earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Suburban Propane Partners, L.P. will post $0.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 8th. Investors of record on Tuesday, August 1st will be given a $0.8875 dividend. This is an increase from Suburban Propane Partners, L.P.’s previous quarterly dividend of $0.89. This represents a $3.55 dividend on an annualized basis and a dividend yield of 14.69%. The ex-dividend date is Friday, July 28th. Suburban Propane Partners, L.P.’s payout ratio is currently 788.89%.

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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