Suburban Propane Partners (NYSE:SPH) Upgraded to “Buy” by StockNews.com

Suburban Propane Partners (NYSE:SPH) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, Argus raised their price target on shares of Suburban Propane Partners from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 10th.

Suburban Propane Partners Stock Performance

SPH stock traded down $0.94 on Monday, hitting $17.14. The company’s stock had a trading volume of 364,914 shares, compared to its average volume of 246,795. The firm has a 50 day moving average of $19.24 and a two-hundred day moving average of $19.64. Suburban Propane Partners has a 1 year low of $14.45 and a 1 year high of $22.33. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 1.89. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.14 and a beta of 0.44.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $1.72 earnings per share for the quarter. Suburban Propane Partners had a return on equity of 18.91% and a net margin of 8.02%. The firm had revenue of $498.09 million during the quarter.

Insider Buying and Selling at Suburban Propane Partners

In other news, Director Harold R. Logan, Jr. sold 3,000 shares of Suburban Propane Partners stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $19.18, for a total transaction of $57,540.00. Following the completion of the sale, the director now owns 39,515 shares in the company, valued at approximately $757,897.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Suburban Propane Partners

Several institutional investors have recently made changes to their positions in SPH. Janney Montgomery Scott LLC grew its holdings in Suburban Propane Partners by 1.3% during the first quarter. Janney Montgomery Scott LLC now owns 47,810 shares of the energy company’s stock worth $977,000 after buying an additional 624 shares in the last quarter. CWM LLC raised its holdings in Suburban Propane Partners by 52.1% during the 2nd quarter. CWM LLC now owns 2,144 shares of the energy company’s stock valued at $41,000 after acquiring an additional 734 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Suburban Propane Partners by 64.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the energy company’s stock worth $52,000 after purchasing an additional 1,000 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Suburban Propane Partners by 2.2% during the 4th quarter. Private Advisor Group LLC now owns 54,639 shares of the energy company’s stock valued at $970,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Suburban Propane Partners by 28.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,995 shares of the energy company’s stock valued at $470,000 after acquiring an additional 5,113 shares in the last quarter. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.