Star Group (NYSE:SGU) Raised to “Strong-Buy” at Wall Street Zen

Star Group (NYSE:SGU) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Star Group Stock Performance

SGU opened at $12.63 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $12.10 and its 200-day moving average is $11.86. The stock has a market cap of $416.50 million, a PE ratio of 8.53 and a beta of 0.35. Star Group has a twelve month low of $11.31 and a twelve month high of $13.75.

Star Group (NYSE:SGU) last posted its earnings results on Monday, December 8th. The pipeline company reported ($0.84) EPS for the quarter. Star Group had a net margin of 4.12% and a return on equity of 22.68%. The business had revenue of $247.69 million during the quarter. During the same quarter in the prior year, the company posted ($1.00) EPS.

Institutional Investors Weigh In On Star Group

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of Star Group by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 3,352 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Star Group in the second quarter valued at $89,000. Bank of America Corp DE boosted its position in shares of Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock worth $140,000 after buying an additional 5,667 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Star Group in the third quarter worth $150,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Star Group during the first quarter valued at $231,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.