Suburban Propane Partners, L.P. (NYSE:SPH) insider Keith P. Onderdonk sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $23.33, for a total transaction of $104,985.00. Following the completion of the sale, the insider now owns 28,665 shares of the company’s stock, valued at $668,754.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Suburban Propane Partners, L.P. (NYSE:SPH) traded down $0.06 during midday trading on Friday, hitting $23.27. 378,300 shares of the company’s stock were exchanged, compared to its average volume of 320,468. The stock has a market capitalization of $1,432.21, a PE ratio of 38.25 and a beta of 0.64. Suburban Propane Partners, L.P. has a fifty-two week low of $22.71 and a fifty-two week high of $32.17. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 2.30.
Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.87) by $0.04. The business had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.97 million. Suburban Propane Partners had a net margin of 3.20% and a return on equity of 5.81%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.99) earnings per share. sell-side analysts forecast that Suburban Propane Partners, L.P. will post 1.45 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.00.
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Suburban Propane Partners Company Profile
Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes 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 segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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