Is Suburban Propane Partners LP a Buy? The Stock Had Bullish Options Activity Today

 Is Suburban Propane Partners LP a Buy? The Stock Had Bullish Options Activity Today

In today’s session Suburban Propane Partners LP (SPH) registered an unusually high (193) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SPH increase. With 193 contracts traded and 1504 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPH161216C00030000 closed last at: $1.2 or 60% up. About 37,276 shares traded hands. Suburban Propane Partners LP (NYSE:SPH) has risen 1.02% since April 20, 2016 and is uptrending. It has underperformed by 3.53% the S&P500.

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. As per Monday, November 2, the company rating was maintained by JP Morgan. The rating was maintained by Stifel Nicolaus on Wednesday, December 30 with “Buy”. The firm has “Buy” rating given on Friday, February 5 by Citigroup. The rating was initiated by Janney Capital with “Buy” on Wednesday, March 2. As per Wednesday, July 20, the company rating was initiated by Janney Capital. The company was downgraded on Friday, March 18 by Stifel Nicolaus. As per Monday, August 10, the company rating was upgraded by UBS. The stock of Suburban Propane Partners LP (NYSE:SPH) earned “Buy” rating by Stifel Nicolaus on Thursday, October 13. The stock of Suburban Propane Partners LP (NYSE:SPH) earned “Neutral” rating by Citigroup on Friday, May 20. UBS downgraded Suburban Propane Partners LP (NYSE:SPH) on Friday, June 10 to “Neutral” rating.

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 1.43 in Q2 2016. Its up 0.37, from 1.06 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.
Babson Mgmt Ltd Liability has 10,400 shares for 0.01% of their US portfolio. Commercial Bank Of Montreal Can last reported 0% of its portfolio in the stock. Guggenheim Cap Ltd Com accumulated 0.01% or 68,615 shares. Van Eck last reported 133,398 shares in the company. The New York-based Evercore Wealth Mngmt Lc has invested 0.01% in Suburban Propane Partners LP (NYSE:SPH). Focused Wealth Management accumulated 120 shares or 0% of the stock. Spot Trading Ltd Limited Liability Company reported 991 shares or 0% of all its holdings. The Florida-based Ladenburg Thalmann Fincl has invested 0.01% in Suburban Propane Partners LP (NYSE:SPH). Moreover, Plante Moran Fincl Advisors Limited has 0.01% invested in Suburban Propane Partners LP (NYSE:SPH) for 200 shares. Freestone Cap Llc holds 0.11% or 34,205 shares in its portfolio. Bb&T Lc accumulated 0.01% or 26,894 shares. Deutsche Savings Bank Ag, a Germany-based fund reported 219,676 shares. Ct Mason has invested 2.72% of its portfolio in Suburban Propane Partners LP (NYSE:SPH). The Montana-based First Interstate Bank & Trust has invested 0.01% in Suburban Propane Partners LP (NYSE:SPH). Tru Co Of Vermont accumulated 8,500 shares or 0.04% of the stock.

Insider Transactions: Since November 16, 2016, the stock had 1 buy, and 2 insider sales for $156,622 net activity. Shares for $125,092 were bought by Caldwell Lawrence C on Wednesday, November 16. The insider Collins John D sold $166,504. Onderdonk Keith P also sold $115,210 worth of Suburban Propane Partners LP (NYSE:SPH) on Friday, November 18.

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products meeting the energy needs of the customers. The company has a market cap of $1.93 billion. The Firm is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. It has a 132.29 P/E ratio. The Firm conducts its business through Suburban Propane, L.P., which operates its propane business and assets (the Operating Partnership), and its direct and indirect subsidiaries.

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.

More notable recent Suburban Propane Partners LP (NYSE:SPH) news were published by: Fool.com which released: “A Strong Case for Income Investors to Buy Suburban Propane Partners LP” on November 16, 2016, also Prnewswire.com with their article: “Suburban Propane Partners, L.P. Appoints Terence J. Connors and William M …” published on November 16, 2016, Fool.com published: “3 Terrible Reasons to Sell Suburban Propane Partners LP” on November 01, 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 Fool.com‘s news article titled: “Read This Before You Buy Suburban Propane Partners, L.P. Stock” with publication date: April 24, 2016.

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