The stock of Star Gas Partners, L.P. (NYSE:SGU) hit a new 52-week high and has $13.87 target or 39.00% above today’s $9.98 share price. The 5 months bullish chart indicates low risk for the $584.97 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $13.87 price target is reached, the company will be worth $228.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 54,526 shares traded hands or 53.75% up from the average. Star Gas Partners, L.P. (NYSE:SGU) has risen 12.94% since April 19, 2016 and is uptrending. It has outperformed by 9.08% the S&P500.
Analysts await Star Gas Partners, L.P. (NYSE:SGU) to report earnings on December, 14.
According to Zacks Investment Research, “Star Gas Partners, L.P., is a publicly traded limited partnership.The Partnership is primarily engaged in the retail distribution of propane and related supplies and equipment to residential, commercial, industrial, agricultural and motor fuel customers.”
Insitutional Activity: The institutional sentiment increased to 1.9 in Q2 2016. Its up 0.84, from 1.06 in 2016Q1. The ratio increased, as 7 funds sold all Star Gas Partners, L.P. shares owned while 10 reduced positions. 5 funds bought stakes while 13 increased positions. They now own 12.59 million shares or 6.01% more from 11.88 million shares in 2016Q1.
Advisory Service Ntwk Limited Liability holds 0.01% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU) for 2,530 shares. Bank Of Ny Mellon Corp holds 0% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU) for 20,300 shares. Renaissance Technologies Llc owns 70,067 shares or 0% of their US portfolio. M&R Mgmt Inc holds 23 shares or 0% of its portfolio. Joel Isaacson & Ltd Liability Company owns 12,055 shares or 0.02% of their US portfolio. United Advisers Ltd accumulated 27,924 shares or 0% of the stock. Williams Jones & Assoc Ltd Company holds 113,000 shares or 0.05% of its portfolio. Acadian Asset Management Ltd Co last reported 0.05% of its portfolio in the stock. Moab Capital Ptnrs Lc accumulated 727,923 shares or 2.05% of the stock. James Invest Research accumulated 0.09% or 384,587 shares. First Manhattan Co last reported 484 shares in the company. California Employees Retirement Sys last reported 51,000 shares in the company. Horizon Ltd Liability Corp has invested 0.28% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU). Eqis Capital Mgmt Incorporated reported 14,590 shares or 0.01% of all its holdings. Walleye Trading Lc has 7,500 shares for 0% of their US portfolio.
More news for Star Gas Partners, L.P. (NYSE:SGU) were recently published by: Reuters.com, which released: “Star Gas Partners LP (SGU.N)” on May 23, 2008. Fool.com‘s article titled: “Star Gas Partners Couldn’t Fight Industry Trends and Tanked 15% in September” and published on October 07, 2015 is yet another important article.
SGU Company Profile
Star Gas Partners, L.P., incorporated on October 16, 1995, is an energy provider. The Firm is engaged in the sale of home heating services and products to residential and commercial customers. It is a service well-known provider of home heating oil and a distributor of propane. The Firm also sells gasoline and diesel fuel on a delivery only basis.
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