Suburban Propane Partners LP (NYSE:SPH) shares traded down 1.9% on Wednesday . The stock traded as low as $33.90 and last traded at $34.22, with a volume of 119,152 shares traded. The stock had previously closed at $34.87.

SPH has been the subject of a number of research analyst reports. Janney Montgomery Scott initiated coverage on Suburban Propane Partners in a research report on Wednesday. They issued a “neutral” rating and a $30.00 target price for the company. Zacks Investment Research raised Suburban Propane Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. lowered Suburban Propane Partners from a “buy” rating to a “neutral” rating and boosted their target price for the company from $29.00 to $32.00 in a research report on Friday, May 20th. Finally, Argus reaffirmed a “hold” rating on shares of Suburban Propane Partners in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.83.

The company’s market capitalization is $2.07 billion. The company has a 50 day moving average price of $33.65 and a 200 day moving average price of $29.62.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $2.33 by $0.82. During the same quarter last year, the firm earned $2.26 EPS. The company had revenue of $404.10 million for the quarter, compared to the consensus estimate of $529.47 million. The company’s revenue was down 32.6% compared to the same quarter last year. On average, equities research analysts predict that Suburban Propane Partners LP will post $0.27 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of SPH. Atlantic Trust Group LLC boosted its stake in Suburban Propane Partners by 98.4% in the fourth quarter. Atlantic Trust Group LLC now owns 1,173,576 shares of the company’s stock valued at $28,530,000 after buying an additional 581,931 shares during the period. Morgan Stanley boosted its stake in Suburban Propane Partners by 37.7% in the fourth quarter. Morgan Stanley now owns 1,135,340 shares of the company’s stock valued at $27,601,000 after buying an additional 310,878 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Suburban Propane Partners by 85.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 402,118 shares of the company’s stock valued at $9,775,000 after buying an additional 185,202 shares during the period.

Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company 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.

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