Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Suburban Propane Partners, L.P. (SPH) Stock Price
News coverage about Suburban Propane Partners, L.P. (NYSE:SPH) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks 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 negative one to positive one, with scores closest to one being the most favorable. Suburban Propane Partners, L.P. earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 45.6914647926935 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Zacks: Analysts Expect Suburban Propane Partners, L.P. (SPH) Will Post Quarterly Sales of $190.48 Million (americanbankingnews.com)
- Suburban Propane Partners, L.P. (SPH) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Zacks: Analysts Anticipate Suburban Propane Partners, L.P. (SPH) Will Announce Earnings of -$0.87 Per Share (americanbankingnews.com)
- Comparing Suburban Propane Partners, L.P. (SPH) & Its Peers (americanbankingnews.com)
Suburban Propane Partners, L.P. (NYSE SPH) traded up 0.7352% during trading on Wednesday, hitting $26.1307. 154,072 shares of the stock were exchanged. Suburban Propane Partners, L.P. has a 52 week low of $22.71 and a 52 week high of $34.44. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 56.8059 and a beta of 0.64. The firm has a 50-day moving average of $24.87 and a 200-day moving average of $24.72.
Suburban Propane Partners, L.P. (NYSE:SPH) last announced its earnings results on Thursday, August 3rd. The energy company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.11. The company had revenue of $222.90 million during the quarter, compared to analysts’ expectations of $221.93 million. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. Suburban Propane Partners, L.P.’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.49) earnings per share. Equities research analysts anticipate that Suburban Propane Partners, L.P. will post $0.59 earnings per share for the current fiscal year.
SPH has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub downgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. raised shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $32.00 to $27.00 in a report on Thursday, July 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price objective on shares of Suburban Propane Partners, L.P. in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.00.
In other news, 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 sale, the director now owns 24,074 shares of the company’s stock, valued at $582,590.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.
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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