Positive News Coverage Somewhat Unlikely to Impact Suburban Propane Partners (SPH) Share Price
Media headlines about Suburban Propane Partners (NYSE:SPH) have trended positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Suburban Propane Partners earned a news impact score of 0.30 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 47.7907226935993 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, Zacks Investment Research cut Suburban Propane Partners from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Suburban Propane Partners has a consensus rating of “Hold” and a consensus target price of $27.00.
Shares of Suburban Propane Partners (NYSE:SPH) opened at $23.70 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.41 and a current ratio of 0.66. Suburban Propane Partners has a 52 week low of $22.71 and a 52 week high of $32.17. The company has a market capitalization of $1,445.72, a price-to-earnings ratio of 38.61 and a beta of 0.64.
Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, November 16th. The energy company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.04. Suburban Propane Partners had a return on equity of 5.81% and a net margin of 3.20%. The business had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.97 million. During the same period in the previous year, the firm earned ($0.99) earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. analysts anticipate that Suburban Propane Partners will post 1.45 EPS for the current year.
In other Suburban Propane Partners news, VP Sandra N. Zwickel sold 4,175 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $24.10, for a total value of $100,617.50. Following the completion of the transaction, the vice president now directly owns 21,060 shares of the company’s stock, valued at $507,546. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harold R. Logan, Jr. sold 2,127 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $24.20, for a total value of $51,473.40. Following the completion of the transaction, the director now directly owns 24,074 shares of the company’s stock, valued at $582,590.80. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.
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Suburban Propane Partners 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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