The stock of AmeriGas Partners, L.P. (NYSE:APU) is a huge mover today! The stock decreased 1.13% or $0.52 on November 8, hitting $45.39. About 137,635 shares traded hands. AmeriGas Partners, L.P. (NYSE:APU) has risen 9.21% since April 6, 2016 and is uptrending. It has outperformed by 7.25% the S&P500.
The move comes after 5 months negative chart setup for the $4.32B company. It was reported on Nov, 8 by Barchart.com. We have $41.30 PT which if reached, will make NYSE:APU worth $388.80 million less.
Analysts await AmeriGas Partners, L.P. (NYSE:APU) to report earnings on November, 14. They expect $-0.35 earnings per share, up 44.44% or $0.28 from last year’s $-0.63 per share. After $-0.36 actual earnings per share reported by AmeriGas Partners, L.P. for the previous quarter, Wall Street now forecasts -2.78% EPS growth.
AmeriGas Partners, L.P. (NYSE:APU) Ratings Coverage
Out of 5 analysts covering AmeriGas Partners LP (NYSE:APU), 2 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 40% are positive. AmeriGas Partners LP has been the topic of 8 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, November 19 by UBS. As per Saturday, August 29, the company rating was downgraded by TheStreet. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Sell” rating given on Friday, June 10 by UBS. The company was maintained on Monday, November 2 by JP Morgan. As per Thursday, May 26, the company rating was reinitiated by Janney Capital. The company was maintained on Thursday, August 4 by Barclays Capital.
According to Zacks Investment Research, “AmeriGas Partners, L.P., with its subsidiary, AmeriGas Propane, L.P., is one of the largest retail propane distributors in the United States. The company serves residential, commercial, industrial, agricultural and motor fuel customers. The company’s operations are located primarily in the Northeast, Southeast, Great Lakes and West Coast regions of the United States and are conducted principally under the trade name AmeriGas.”
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.26, from 1.03 in 2016Q1. The ratio increased, as 21 funds sold all AmeriGas Partners, L.P. shares owned while 47 reduced positions. 21 funds bought stakes while 67 increased positions. They now own 17.09 million shares or 21.93% less from 21.89 million shares in 2016Q1.
Raymond James & Associate holds 0.06% or 390,181 shares in its portfolio. Jpmorgan Chase And accumulated 0.01% or 1.07M shares. Evercore Wealth Limited Liability last reported 3,500 shares in the company. Guggenheim Capital Llc has 90,364 shares for 0.01% of their US portfolio. Utd Cap Advisers Limited Liability Co owns 8,714 shares or 0% of their US portfolio. Credit Suisse Ag owns 212,401 shares or 0.01% of their US portfolio. Carnegie Capital Asset Management Ltd Liability Corporation holds 0.13% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU) for 19,400 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 360 shares. Barclays Public Limited last reported 108,933 shares in the company. Rafferty Asset Mgmt Ltd Liability, a New York-based fund reported 51,491 shares. Oppenheimer & Co last reported 441,422 shares in the company. Glenmede Trust Na owns 9,080 shares or 0% of their US portfolio. Lpl Limited Liability has invested 0.05% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). North American Corporation owns 80,544 shares or 0.63% of their US portfolio. Franklin Res accumulated 5,454 shares or 0% of the stock.
More important recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Forbes.com which released: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016, also Nasdaq.com published article titled: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for August 08, 2016”, Businesswire.com published: “AmeriGas Partners, L.P. to Hold 4QFY16 Earnings Conference Call and Webcast on …” on October 18, 2016. More interesting news about AmeriGas Partners, L.P. (NYSE:APU) was released by: Streetinsider.com and their article: “Amerigas Partners (APU) Lowers Guidane” with publication date: October 12, 2016.
APU Company Profile
AmeriGas Partners, L.P., incorporated on November 2, 1994, is a holding company. The Firm is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel clients in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Firm conducts its business through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP or Operating Partnership). AmeriGas Propane, Inc. is the Company’s general partner (the General Partner) and is responsible for managing its operations.
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