AmeriGas Partners, L.P. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 AmeriGas Partners, L.P. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session AmeriGas Partners, L.P. (APU) registered an unusually high (800) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious APU increase. With 800 contracts traded and 6424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: APU161118C00045000 closed last at: $2.05 or 70.8% up. About 65,341 shares traded hands. AmeriGas Partners, L.P. (NYSE:APU) has risen 5.02% since April 7, 2016 and is uptrending. It has outperformed by 0.24% the S&P500.

Analysts await AmeriGas Partners, L.P. (NYSE:APU) to report earnings on November, 14. They expect $-0.35 EPS, up 44.44% or $0.28 from last year’s $-0.63 per share. After $-0.36 actual EPS 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. $52 is the highest target while $41.50 is the lowest. The $46.63 average target is 2.48% above today’s ($45.5) stock price. AmeriGas Partners LP has been the topic of 8 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was downgraded by UBS to “Sell” on Friday, June 10. The stock has “Neutral” rating given by JP Morgan on Monday, November 2. The rating was downgraded by TheStreet on Saturday, August 29 to “Buy”. The firm has “Buy” rating by Janney Capital given on Thursday, May 26. The firm has “Underweight” rating by Barclays Capital given on Thursday, August 4. UBS maintained AmeriGas Partners, L.P. (NYSE:APU) rating on Thursday, November 19. UBS has “Neutral” rating and $41.50 price target.

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 is positive, 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.
Moreover, Eastern Fincl Bank has 0.02% invested in AmeriGas Partners, L.P. (NYSE:APU) for 5,950 shares. Mckinley Mngmt Limited Co Delaware last reported 0.03% of its portfolio in the stock. Moreover, Jfs Wealth Ltd Liability Corporation has 0.01% invested in AmeriGas Partners, L.P. (NYSE:APU) for 600 shares. Baldwin Brothers Inc Ma has invested 0.28% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). Manufacturers Life The accumulated 2,606 shares or 0% of the stock. High Point Financial Bank Trust owns 167 shares or 0% of their US portfolio. Moreover, Deutsche Commercial Bank Ag has 0% invested in AmeriGas Partners, L.P. (NYSE:APU) for 10,252 shares. Leavell Invest Mgmt holds 5,500 shares or 0.04% of its portfolio. Vantage Investment Advisors has 0.03% invested in the company for 1,700 shares. The Pennsylvania-based Mycio Wealth Partners has invested 0% in AmeriGas Partners, L.P. (NYSE:APU). Fdx owns 10,830 shares or 0.02% of their US portfolio. Janney Montgomery Scott Ltd Liability Co holds 0.02% or 31,757 shares in its portfolio. Barclays Pcl owns 108,933 shares or 0.01% of their US portfolio. The New York-based Cannell Peter B And has invested 0.65% in AmeriGas Partners, L.P. (NYSE:APU). Synovus Fincl has invested 0% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU).

AmeriGas Partners, L.P. is a holding company. The company has a market cap of $4.10 billion. The Firm is a retail propane distributor in the United States. It has a 20.49 P/E ratio. 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.

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.

More recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Nasdaq.com which released: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for August 08, 2016” on August 05, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016. Businesswire.com‘s news article titled: “AmeriGas Partners, L.P. to Hold 4QFY16 Earnings Conference Call and Webcast on …” with publication date: October 18, 2016 was also an interesting one.

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