Shares of Suburban Propane Partners, L.P. (NYSE:SPH) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.00.

A number of brokerages have weighed in on SPH. Zacks Investment Research raised Suburban Propane Partners, L.P. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday. Citigroup Inc. raised Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and reduced their target price for the company from $32.00 to $27.00 in a report on Thursday, July 27th. BidaskClub raised Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price on shares of Suburban Propane Partners, L.P. in a report on Friday, August 18th.

Shares of Suburban Propane Partners, L.P. (SPH) traded up 0.73% during trading on Wednesday, reaching $26.09. The company’s stock had a trading volume of 690,557 shares. The company has a market cap of $1.59 billion, a PE ratio of 56.35 and a beta of 0.65. The firm’s 50-day moving average is $24.20 and its 200 day moving average is $24.70. Suburban Propane Partners, L.P. has a 52-week low of $22.71 and a 52-week high of $34.44.

Suburban Propane Partners, L.P. (NYSE:SPH) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.48) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.49) EPS. On average, equities research analysts predict that Suburban Propane Partners, L.P. will post $0.59 EPS for the current fiscal year.

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In related news, Director Harold R. Logan, Jr. sold 2,127 shares of the company’s stock in a transaction on 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 in the company, valued at $582,590.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in SPH. JPMorgan Chase & Co. grew its position in Suburban Propane Partners, L.P. by 7.1% in the first quarter. JPMorgan Chase & Co. now owns 945,351 shares of the energy company’s stock worth $25,486,000 after acquiring an additional 62,323 shares in the last quarter. Blair William & Co. IL grew its position in Suburban Propane Partners, L.P. by 577.0% in the first quarter. Blair William & Co. IL now owns 48,165 shares of the energy company’s stock worth $1,261,000 after acquiring an additional 41,050 shares in the last quarter. Alliancebernstein L.P. grew its position in Suburban Propane Partners, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 14,523 shares of the energy company’s stock worth $392,000 after acquiring an additional 4,193 shares in the last quarter. Rafferty Asset Management LLC grew its position in Suburban Propane Partners, L.P. by 36.4% in the first quarter. Rafferty Asset Management LLC now owns 109,011 shares of the energy company’s stock worth $2,939,000 after acquiring an additional 29,090 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Suburban Propane Partners, L.P. by 31.9% in the first quarter. Van ECK Associates Corp now owns 165,330 shares of the energy company’s stock worth $4,457,000 after acquiring an additional 39,955 shares in the last quarter. Institutional investors own 25.57% 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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