Suburban Propane Partners (NYSE:SPH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.19 and traded as high as $20.52. Suburban Propane Partners shares last traded at $20.2970, with a volume of 109,819 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on SPH shares. Weiss Ratings upgraded Suburban Propane Partners from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, February 18th. Argus raised Suburban Propane Partners to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Suburban Propane Partners to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Suburban Propane Partners presently has an average rating of “Buy”.

Suburban Propane Partners Stock Performance

The company has a debt-to-equity ratio of 2.11, a current ratio of 0.87 and a quick ratio of 0.61. The company’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $19.19. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 10.00 and a beta of 0.42.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, February 5th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.16. The firm had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $392.00 million. Suburban Propane Partners had a net margin of 9.30% and a return on equity of 19.94%.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Tuesday, February 3rd were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.30 annualized dividend and a yield of 6.4%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 64.04%.

Institutional Trading of Suburban Propane Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Founders Capital Management raised its stake in shares of Suburban Propane Partners by 56.4% in the third quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock worth $35,000 after purchasing an additional 677 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Suburban Propane Partners during the fourth quarter valued at approximately $37,000. Triumph Capital Management purchased a new position in shares of Suburban Propane Partners during the third quarter valued at approximately $50,000. Advisory Services Network LLC bought a new stake in Suburban Propane Partners during the third quarter worth $62,000. Finally, Geneos Wealth Management Inc. grew its holdings in Suburban Propane Partners by 37.7% during the third quarter. Geneos Wealth Management Inc. now owns 3,650 shares of the energy company’s stock worth $68,000 after buying an additional 1,000 shares in the last quarter. 30.94% of the stock is owned by institutional investors.

Suburban Propane Partners Company Profile

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.