Suburban Propane Partners (NYSE:SPH) Hits New 1-Year Low – Should You Sell?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $16.48 and last traded at $16.5130, with a volume of 24247 shares. The stock had previously closed at $16.57.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPH. Wall Street Zen lowered shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered Suburban Propane Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, Zacks Research cut Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on SPH

Suburban Propane Partners Stock Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of 8.36, a P/E/G ratio of 2.05 and a beta of 0.41. The firm has a 50-day moving average price of $17.71 and a two-hundred day moving average price of $18.68. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.78 and a quick ratio of 0.52.

Suburban Propane Partners (NYSE:SPH – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.11). The company had revenue of $261.38 million for the quarter, compared to the consensus estimate of $255.00 million. Suburban Propane Partners had a net margin of 9.37% and a return on equity of 18.57%. On average, analysts forecast that Suburban Propane Partners, L.P. will post 2.05 EPS for the current fiscal year.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.9%. Suburban Propane Partners’s dividend payout ratio is presently 66.33%.

Insider Activity at Suburban Propane Partners

In other news, VP Bryon Koepke sold 2,848 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $17.65, for a total transaction of $50,267.20. Following the transaction, the vice president owned 100,714 shares in the company, valued at approximately $1,777,602.10. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Suburban Propane Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new position in Suburban Propane Partners during the 2nd quarter worth about $29,000. Integrated Wealth Concepts LLC bought a new stake in shares of Suburban Propane Partners in the 2nd quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Suburban Propane Partners in the 1st quarter worth approximately $98,000. Arrow Investment Advisors LLC purchased a new stake in shares of Suburban Propane Partners in the 2nd quarter worth approximately $193,000. Finally, Independent Financial Group LLC bought a new position in shares of Suburban Propane Partners during the first quarter valued at approximately $298,000. 30.94% of the stock is owned by hedge funds and other institutional investors.

Suburban Propane Partners Company Profile

(Get Free Report)

Suburban Propane Partners, L.P. (NYSE: SPH) is an energy distributor and marketer that supplies propane, fuel oil, and other refined fuels to residential, commercial, industrial, agricultural, and government customers. The company also markets natural gas and electricity and provides related energy services.

Its offerings include propane delivery for home heating, cooking, and equipment operation, as well as fuel delivery and services for businesses and agricultural users. Suburban Propane also sells and services heating equipment, propane-powered appliances, and hearth products, and provides installation, maintenance, and repair services in selected markets.

The company traces its history to 1928 and operates through a network serving customers across approximately 42 states, primarily in the United States.

Further Reading

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