The stock of Suburban Propane Partners LP (NYSE:SPH) is a huge mover today! About 311,960 shares traded hands or 69.85% up from the average. Suburban Propane Partners LP (NYSE:SPH) has risen 1.87% since April 6, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.
The move comes after 8 months negative chart setup for the $1.65 billion company. It was reported on Nov, 8 by Barchart.com. We have $26.32 PT which if reached, will make NYSE:SPH worth $82.50M less.
Analysts await Suburban Propane Partners LP (NYSE:SPH) to report earnings on November, 10. They expect $-0.82 earnings per share, down 20.59% or $0.14 from last year’s $-0.68 per share. After $-0.49 actual earnings per share reported by Suburban Propane Partners LP for the previous quarter, Wall Street now forecasts 67.35% negative EPS growth.
Suburban Propane Partners LP (NYSE:SPH) Ratings Coverage
Out of 7 analysts covering Suburban Propane Partners (NYSE:SPH), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Suburban Propane Partners has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Citigroup downgraded Suburban Propane Partners LP (NYSE:SPH) on Friday, May 20 to “Neutral” rating. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, October 13. The stock of Suburban Propane Partners LP (NYSE:SPH) earned “Hold” rating by Stifel Nicolaus on Friday, March 18. On Friday, June 10 the stock rating was downgraded by UBS to “Neutral”. The stock of Suburban Propane Partners LP (NYSE:SPH) earned “Underweight” rating by Barclays Capital on Tuesday, August 11. The rating was initiated by Janney Capital on Wednesday, March 2 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 30. The stock of Suburban Propane Partners LP (NYSE:SPH) has “Neutral” rating given on Wednesday, July 20 by Janney Capital. The firm has “Buy” rating by Citigroup given on Friday, February 5. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”.
According to Zacks Investment Research, “Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnership’s operations are concentrated in the east and west coast regions of the United States.”
Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.27, from 0.79 in 2016Q1. The ratio is positive, as 13 funds sold all Suburban Propane Partners LP shares owned while 38 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 17.65 million shares or 1.99% less from 18.01 million shares in 2016Q1.
The Minnesota-based Ameriprise Financial has invested 0% in Suburban Propane Partners LP (NYSE:SPH). Smith Chas P And Assoc Pa Cpas accumulated 6,360 shares or 0.04% of the stock. Envestnet Asset Mgmt reported 7,038 shares or 0% of all its holdings. Raymond James Assoc last reported 0% of its portfolio in the stock. Moreover, Woodmont Invest Counsel Ltd Liability Co has 0.45% invested in Suburban Propane Partners LP (NYSE:SPH) for 45,246 shares. Ladenburg Thalmann Service Inc holds 0.01% or 19,035 shares in its portfolio. Sei Invests has invested 0% of its portfolio in Suburban Propane Partners LP (NYSE:SPH). Goldman Sachs Grp Inc Inc reported 585,504 shares or 0.01% of all its holdings. Walleye Trading Limited Com holds 0% of its portfolio in Suburban Propane Partners LP (NYSE:SPH) for 22,043 shares. Income Prns Ltd Liability Company accumulated 1.5% or 2.03 million shares. Federated Investors Pa has 118,473 shares for 0.01% of their US portfolio. California Employees Retirement System last reported 0.01% of its portfolio in the stock. Walthausen & Co Limited Liability Co owns 368,042 shares or 1.28% of their US portfolio. Focused Wealth Management Incorporated holds 0% or 120 shares in its portfolio. Metropolitan Life Insur Ny holds 0.03% of its portfolio in Suburban Propane Partners LP (NYSE:SPH) for 103,162 shares.
More notable recent Suburban Propane Partners LP (NYSE:SPH) news were published by: Fool.com which released: “3 Terrible Reasons to Sell Suburban Propane Partners LP” on November 01, 2016, also Prnewswire.com with their article: “Suburban Propane Partners, L.P. to Hold Fiscal 2016 Full Year and Fourth …” published on October 27, 2016, Fool.com published: “Read This Before You Buy Suburban Propane Partners, L.P. Stock” on April 24, 2016. More interesting news about Suburban Propane Partners LP (NYSE:SPH) were released by: Fool.com and their article: “The Worst Mistake Suburban Propane Partners LP Investors Can Make Right Now” published on April 16, 2016 as well as Prnewswire.com‘s news article titled: “Suburban Propane Partners, L.P. Announces Third Quarter Earnings” with publication date: August 04, 2016.
SPH Company Profile
Suburban Propane Partners, L.P., incorporated on December 18, 1995, is s a marketer and distributor of a range of products meeting the energy needs of the customers. The Firm is engaged 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 divisions include Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, and All Other. The Propane segment is engaged in the retail distribution of propane to residential, commercial, industrial and agricultural clients and, to a lesser extent, wholesale distribution to large industrial end users. The Fuel Oil and Refined Fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline to residential and commercial customers. The Natural Gas and Electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial clients in the deregulated energy markets of New York and Pennsylvania. The All Other segment is engaged in the sale, installation and servicing of a range of home comfort equipment, particularly in the areas of heating and ventilation.
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