Suburban Propane Partners, L.P. (NYSE:SPH)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a report issued on Friday. They presently have a $25.00 price target on the energy company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 5.40% from the stock’s current price.

SPH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Suburban Propane Partners, L.P. from a “strong sell” rating to a “hold” rating in a research report on Friday, May 5th. ValuEngine downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. upgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $32.00 to $27.00 in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.80.

Shares of Suburban Propane Partners, L.P. (SPH) traded down 0.71% during trading on Friday, hitting $23.72. The stock had a trading volume of 222,458 shares. Suburban Propane Partners, L.P. has a 12-month low of $22.71 and a 12-month high of $34.50. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 51.23 and a beta of 0.64. The stock’s 50-day moving average is $24.34 and its 200-day moving average is $25.34.

Suburban Propane Partners, L.P. (NYSE:SPH) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.11. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $221.93 million. During the same period last year, the firm earned ($0.49) EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Suburban Propane Partners, L.P. will post $0.58 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Corbenic Partners LLC boosted its position in shares of Suburban Propane Partners, L.P. by 0.3% in the second quarter. Corbenic Partners LLC now owns 7,527 shares of the energy company’s stock worth $179,000 after buying an additional 21 shares during the period. Albert D Mason Inc. boosted its position in shares of Suburban Propane Partners, L.P. by 0.6% in the first quarter. Albert D Mason Inc. now owns 14,850 shares of the energy company’s stock worth $400,000 after buying an additional 85 shares during the period. HighTower Advisors LLC boosted its position in shares of Suburban Propane Partners, L.P. by 1.5% in the first quarter. HighTower Advisors LLC now owns 16,369 shares of the energy company’s stock worth $443,000 after buying an additional 247 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Suburban Propane Partners, L.P. by 3.2% in the second quarter. First Heartland Consultants Inc. now owns 15,939 shares of the energy company’s stock worth $379,000 after buying an additional 500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Suburban Propane Partners, L.P. by 1.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,761 shares of the energy company’s stock worth $922,000 after buying an additional 533 shares during the period. 28.13% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners, L.P. Company Profile

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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