Suburban Propane Partners (SPH) Upgraded to Hold by ValuEngine

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

Separately, Zacks Investment Research downgraded shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 18th.

Shares of Suburban Propane Partners stock traded up $0.70 during trading hours on Friday, reaching $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 fifty-two week low of $18.63 and a fifty-two week high of $24.57. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.98 and a quick ratio of 0.74. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 3.61 and a beta of 0.93.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, February 7th. The energy company reported $0.45 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $402.18 million. As a group, sell-side analysts expect that Suburban Propane Partners will post 1.51 earnings per share for the current year.

A number of large investors have recently modified their holdings of SPH. Citigroup Inc. lifted its stake in Suburban Propane Partners by 2,194.5% in the 4th quarter. Citigroup Inc. now owns 238,350 shares of the energy company’s stock valued at $4,593,000 after purchasing an additional 227,962 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Suburban Propane Partners by 17.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,304,288 shares of the energy company’s stock valued at $25,134,000 after purchasing an additional 193,972 shares during the last quarter. Abrams Capital Management L.P. lifted its stake in Suburban Propane Partners by 5.5% in the 3rd quarter. Abrams Capital Management L.P. now owns 2,988,346 shares of the energy company’s stock valued at $70,316,000 after purchasing an additional 156,237 shares during the last quarter. Jane Street Group LLC acquired a new stake in Suburban Propane Partners in the 4th quarter valued at about $2,802,000. Finally, SG Americas Securities LLC acquired a new stake in Suburban Propane Partners in the 3rd quarter valued at about $2,841,000. Institutional investors and hedge funds own 31.16% of the company’s stock.

About Suburban Propane Partners

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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