Suburban Propane Partners, L.P. (SPH) Given Average Recommendation of “Hold” by Analysts

Suburban Propane Partners, L.P. (NYSE:SPH) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.00.

SPH has been the subject of several recent research reports. Zacks Investment Research raised shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, October 17th. UBS Group raised shares of Suburban Propane Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $29.00 in a research note on Wednesday, January 3rd.

In other Suburban Propane Partners news, insider Keith P. Onderdonk sold 4,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $23.33, for a total transaction of $104,985.00. Following the sale, the insider now directly owns 28,665 shares of the company’s stock, valued at $668,754.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sandra N. Zwickel sold 4,175 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $24.10, for a total transaction of $100,617.50. Following the sale, the vice president now directly owns 21,060 shares in the company, valued at $507,546. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. MHI Funds LLC bought a new stake in Suburban Propane Partners during the fourth quarter worth about $259,000. Bank of Montreal Can grew its stake in Suburban Propane Partners by 37.6% during the fourth quarter. Bank of Montreal Can now owns 290,255 shares of the energy company’s stock worth $7,030,000 after buying an additional 79,345 shares during the last quarter. Atlantic Trust Group LLC grew its stake in Suburban Propane Partners by 13.4% during the third quarter. Atlantic Trust Group LLC now owns 243,153 shares of the energy company’s stock worth $6,344,000 after buying an additional 28,800 shares during the last quarter. California Public Employees Retirement System grew its stake in Suburban Propane Partners by 6.1% during the third quarter. California Public Employees Retirement System now owns 95,216 shares of the energy company’s stock worth $2,484,000 after buying an additional 5,516 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Suburban Propane Partners by 42.3% during the third quarter. JPMorgan Chase & Co. now owns 1,060,051 shares of the energy company’s stock valued at $27,455,000 after purchasing an additional 314,973 shares during the last quarter. 25.95% of the stock is currently owned by hedge funds and other institutional investors.

Suburban Propane Partners (SPH) opened at $25.26 on Friday. Suburban Propane Partners has a 52-week low of $22.71 and a 52-week high of $31.00. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.66 and a quick ratio of 0.41. The stock has a market cap of $1,550.00, a PE ratio of 40.74 and a beta of 0.64.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.87) by $0.04. Suburban Propane Partners had a net margin of 3.20% and a return on equity of 5.81%. The firm had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.97 million. During the same quarter in the prior year, the business posted ($0.99) earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. analysts expect that Suburban Propane Partners will post 1.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $2.40 annualized dividend and a yield of 9.50%. Suburban Propane Partners’s dividend payout ratio is 387.10%.

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About Suburban Propane Partners

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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