Suburban Propane Partners, L.P. (SPH) Receiving Somewhat Positive Media Coverage, Report Finds

Media coverage about Suburban Propane Partners, L.P. (NYSE:SPH) has been trending somewhat positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Suburban Propane Partners, L.P. earned a news sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave news articles about the energy company an impact score of 73 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for Suburban Propane Partners, L.P. (NYSE:SPH)

SPH has been the topic of several recent research reports. Zacks Investment Research lowered Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Stifel Nicolaus upped their price objective on Suburban Propane Partners, L.P. to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. ValuEngine lowered Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Suburban Propane Partners, L.P. currently has an average rating of “Hold” and a consensus target price of $31.75.

Shares of Suburban Propane Partners, L.P. (SPH) traded up 6.45% on Friday, hitting $25.10. The stock had a trading volume of 909,948 shares. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 53.86 and a beta of 0.69. The firm’s 50-day moving average is $24.08 and its 200-day moving average is $27.13. Suburban Propane Partners, L.P. has a one year low of $22.71 and a one year high of $35.95.

Suburban Propane Partners, L.P. (NYSE:SPH) last posted its quarterly earnings results on Thursday, May 4th. The energy company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.82 by $0.46. Suburban Propane Partners, L.P. had a net margin of 2.51% and a return on equity of 3.86%. The business had revenue of $450.58 million during the quarter, compared to analysts’ expectations of $503.38 million. During the same quarter last year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts expect that Suburban Propane Partners, L.P. will post $0.71 EPS for the current fiscal year.

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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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