Suburban Propane Partners (SPH) Upgraded to Hold by ValuEngine

Suburban Propane Partners (NYSE:SPH) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Zacks Investment Research cut shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th.

Shares of SPH traded up $0.70 during mid-day trading on Friday, hitting $22.75. 411,316 shares of the company’s stock were exchanged, compared to its average volume of 254,504. Suburban Propane Partners has a 52 week low of $18.63 and a 52 week high of $24.57. The stock has a market capitalization of $1.36 billion, a PE ratio of 18.35, a P/E/G ratio of 3.61 and a beta of 0.93. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 2.66.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 7th. The energy company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.31). Suburban Propane Partners had a return on equity of 12.26% and a net margin of 4.98%. The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $402.18 million. Equities research analysts predict that Suburban Propane Partners will post 1.51 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its stake in Suburban Propane Partners by 4,458.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,960 shares of the energy company’s stock valued at $38,000 after acquiring an additional 1,917 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in Suburban Propane Partners in the fourth quarter valued at approximately $40,000. Advisory Services Network LLC increased its stake in Suburban Propane Partners by 79.0% in the fourth quarter. Advisory Services Network LLC now owns 2,287 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,009 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Suburban Propane Partners by 2,600.0% in the fourth quarter. AlphaMark Advisors LLC now owns 5,400 shares of the energy company’s stock valued at $104,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Bruderman Asset Management LLC increased its stake in Suburban Propane Partners by 18.0% in the fourth quarter. Bruderman Asset Management LLC now owns 6,181 shares of the energy company’s stock valued at $119,000 after acquiring an additional 943 shares during the last quarter. 31.16% of the stock is currently owned by institutional investors and hedge funds.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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