An issue of Suburban Propane Partners, L.P. (NYSE:SPH) bonds rose 1.7% against their face value during trading on Wednesday. The high-yield debt issue has a 5.5% coupon and will mature on June 1, 2024. The bonds in the issue are now trading at $101.43 and were trading at $99.75 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

A number of analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target on shares of Suburban Propane Partners, L.P. in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Citigroup Inc. upgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $32.00 to $27.00 in a research report on Thursday, July 27th. BidaskClub upgraded shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.80.

Shares of Suburban Propane Partners, L.P. (NYSE SPH) traded up 1.10% during trading on Wednesday, hitting $25.70. 222,663 shares of the stock traded hands. Suburban Propane Partners, L.P. has a 1-year low of $22.71 and a 1-year high of $34.44. The company has a market cap of $1.57 billion, a PE ratio of 55.51 and a beta of 0.65. The company has a 50 day moving average of $24.20 and a 200-day moving average of $24.70.

Suburban Propane Partners, L.P. (NYSE:SPH) last released its 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. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The company had revenue of $222.90 million for the quarter, compared to the consensus estimate of $221.93 million. During the same period in the prior year, the company posted ($0.49) EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Suburban Propane Partners, L.P. will post $0.59 EPS for the current fiscal year.

In other Suburban Propane Partners, L.P. news, Director Harold R. Logan, Jr. sold 2,127 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were 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 in the company, valued at approximately $582,590.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SPH. Bruderman Asset Management LLC acquired a new position in Suburban Propane Partners, L.P. during the 2nd quarter valued at about $121,000. Camarda Financial Advisors LLC lifted its position in Suburban Propane Partners, L.P. by 33.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 5,282 shares of the energy company’s stock valued at $126,000 after purchasing an additional 1,314 shares during the period. Corbenic Partners LLC lifted its position in Suburban Propane Partners, L.P. by 0.3% during the 2nd quarter. Corbenic Partners LLC now owns 7,527 shares of the energy company’s stock valued at $179,000 after purchasing an additional 21 shares during the period. Proficio Capital Partners LLC acquired a new position in Suburban Propane Partners, L.P. during the 1st quarter valued at about $189,000. Finally, PNC Financial Services Group Inc. lifted its position in Suburban Propane Partners, L.P. by 56.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the energy company’s stock valued at $207,000 after purchasing an additional 2,777 shares during the period. Institutional investors own 25.57% of the company’s stock.

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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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