Suburban Propane Partners LP (NYSE:SPH) insider Neil Scanlon sold 6,883 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $23.78, for a total transaction of $163,677.74. Following the completion of the sale, the insider now owns 93,870 shares in the company, valued at approximately $2,232,228.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NYSE SPH opened at $24.17 on Wednesday. Suburban Propane Partners LP has a 12 month low of $18.63 and a 12 month high of $24.63. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 5.09 and a beta of 0.85. The company’s 50 day moving average is $23.38.
Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.08. Suburban Propane Partners had a net margin of 6.18% and a return on equity of 15.24%. The business had revenue of $504.38 million for the quarter, compared to analyst estimates of $556.16 million. Analysts forecast that Suburban Propane Partners LP will post 1.21 EPS for the current year.
Several equities research analysts have commented on SPH shares. Zacks Investment Research upgraded shares of Suburban Propane Partners from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Suburban Propane Partners from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, ValuEngine upgraded shares of Suburban Propane Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 15th.
About Suburban Propane Partners
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
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