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Unveiling Suburban Propane Partners LP SPH’s Value: Is It Really Priced Right? A ..

Suburban Propane Partners’ stock is owned by a number of institutional and retail investors. Top institutional shareholders include SG Americas Securities LLC (0.03%) and AdvisorNet Financial Inc (0.01%). Insiders that own company stock include Douglas Brinkworth, introduction to momentum trading Harold R Logan Jr, Jane Swift and Michael A Schueler. 30 employees have rated Suburban Propane Partners Chief Executive Officer Michael A. Stivala on Glassdoor.com. Michael A. Stivala has an approval rating of 36% among the company’s employees.

  • This suggests a possible upside of 1.1% from the stock’s current price.
  • Shareholders of record on Tuesday, August 1st will be given a dividend of $0.325 per share on Tuesday, August 8th.
  • The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
  • The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Suburban Propane Partners L.P.

None of these entities provide legal, tax, or accounting advice. In the first seven months of 2023, U.S. dry natural gas production surged by 3%, registering an average daily output of 103.0 billion cubic feet (bcfd), as reported by the EIA’s Natural Gas Monthly. This marked a notable increase from the preceding year’s annual average of 99.6 Bcf/d. 2 equities research analysts have issued 12 month target prices for Suburban Propane Partners’ stock.

Conversely, if a company’s revenue and earnings are declining, the value of the company will decrease. Suburban Propane Partners LP’s 3-year average revenue growth rate is worse than 64.81% of 486 companies in the Utilities – Regulated industry. Its 3-year average EBITDA growth rate is dynamic locale en angularjs -1.8%, ranking worse than 70.37% of 459 companies in the Utilities – Regulated industry. Investing in companies with low financial strength can result in permanent capital loss. Therefore, it’s crucial to carefully review a company’s financial strength before deciding to buy shares.

  • The consensus revenue estimate of $1.33 billion for the fiscal year ending December 2023 reflects a 3.9% year-over-year improvement.
  • 43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
  • In addition to the POWR Ratings I’ve just highlighted, you can see HESM’s ratings for Sentiment and Stability here.
  • At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
  • Investing in companies with low financial strength can result in permanent capital loss.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Why CarMax Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Thursday’s Mid-Day Session

The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Suburban Propane Partners LP is a renowned distributor of propane, fuel oil, and other refined fuels.

Suburban Propane Partners upgraded to outperform from market perform at Raymond James

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Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered trading with plus500 the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Suburban Propane Partners Return vs. S&P

Plus, SPH info will be updated daily in your free Zacks.com Portfolio Tracker. Please note that all recommendations are based on our model’s results and do not represent our personal opinion.

The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. SPH earnings call for the period ending December 26, 2020. SPH earnings call for the period ending September 25, 2021. SPH earnings call for the period ending December 29, 2018.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023.

Suburban Propane Partners’s most recent quarterly dividend payment of $0.3250 per share was made to shareholders on Tuesday, August 8, 2023. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. During the second quarter that ended June 30, 2023, PBF’s revenues came in at $9.16 billion. Moreover, the net income attributable to PBF stockholders and net income available to Class A common stock per share stood at $1.02 billion and $7.88, respectively. HESM’s strong fundamentals are apparent in its POWR Ratings.

This comparison sets the stage for a deeper exploration of the company’s value. SPH operates through three segments, Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. The company specializes in retail distribution, providing propane, fuel oil, diesel, kerosene, and gasoline. Additionally, it markets natural gas and electricity to its customers. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. (NRGY) swung to a fiscal fourth-quarter profit as the energy company posted a gain from selling its retail propane business, while natural-gas-storage and transportation business Inergy Midstream LP (NRGM) repo…

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