Suburban Propane Partners (NYSE:SPH) Stock Rating Upgraded by Wall Street Zen

Suburban Propane Partners (NYSE:SPH) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

SPH has been the topic of a number of other reports. Zacks Research lowered shares of Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings restated a “buy (b)” rating on shares of Suburban Propane Partners in a research note on Monday, May 18th. One 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 MarketBeat.com, the company has an average rating of “Buy”.

Suburban Propane Partners Price Performance

Suburban Propane Partners stock opened at $17.85 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 8.97 and a beta of 0.40. The company has a fifty day simple moving average of $19.55 and a 200-day simple moving average of $19.60. Suburban Propane Partners has a 12-month low of $17.30 and a 12-month high of $20.80. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 1.69.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.74 by $0.32. Suburban Propane Partners had a net margin of 9.57% and a return on equity of 19.45%. The firm had revenue of $551.21 million for the quarter, compared to analyst estimates of $575.00 million. Equities analysts expect that Suburban Propane Partners will post 1.8 EPS for the current fiscal year.

Institutional Trading of Suburban Propane Partners

A number of institutional investors have recently added to or reduced their stakes in SPH. Founders Capital Management boosted its holdings in Suburban Propane Partners by 56.4% during the third quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock worth $35,000 after buying an additional 677 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Suburban Propane Partners during the fourth quarter worth about $37,000. Triumph Capital Management purchased a new stake in Suburban Propane Partners during the third quarter worth about $50,000. Advisory Services Network LLC purchased a new stake in Suburban Propane Partners during the third quarter worth about $62,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Suburban Propane Partners by 91.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,440 shares of the energy company’s stock worth $81,000 after buying an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 30.94% of the company’s stock.

About Suburban Propane Partners

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.