Suburban Propane Partners, L.P. (SPH) Given Daily News Sentiment Score of 0.19
Headlines about Suburban Propane Partners, L.P. (NYSE:SPH) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. 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, L.P. earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 45.735980466791 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Suburban Propane Partners, L.P. (SPH) traded down 0.11% during trading on Thursday, reaching $26.17. The company’s stock had a trading volume of 174,610 shares. Suburban Propane Partners, L.P. has a one year low of $22.71 and a one year high of $34.44. The firm has a market cap of $1.60 billion, a P/E ratio of 56.52 and a beta of 0.64. The stock’s 50 day moving average is $24.59 and its 200 day moving average is $24.73.
Suburban Propane Partners, L.P. (NYSE:SPH) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.11. The firm had revenue of $222.90 million for the quarter, compared to the consensus estimate of $221.93 million. Suburban Propane Partners, L.P. had a return on equity of 4.09% and a net margin of 2.46%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.49) earnings per share. On average, equities analysts forecast that Suburban Propane Partners, L.P. will post $0.59 EPS for the current fiscal year.
Several equities analysts have weighed in on SPH shares. Citigroup Inc. upgraded Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $32.00 to $27.00 in a research note on Thursday, July 27th. Zacks Investment Research upgraded Suburban Propane Partners, L.P. from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Saturday, September 30th. BidaskClub upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective on shares of Suburban Propane Partners, L.P. in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.00.
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In other news, Director Harold R. Logan, Jr. sold 2,127 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $24.20, for a total transaction of $51,473.40. Following the transaction, the director now directly owns 24,074 shares of the company’s stock, valued at $582,590.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.
About Suburban Propane Partners, L.P.
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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