Suburban Propane Partners LP (NYSE:SPH) was down 2.4% on Friday . The stock traded as low as $33.72 and last traded at $33.98, with a volume of 145,974 shares trading hands. The stock had previously closed at $34.80.

Several equities research analysts recently weighed in on SPH shares. Zacks Investment Research lowered Suburban Propane Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 6th. Citigroup Inc. lowered Suburban Propane Partners from a “buy” rating to a “neutral” rating and lifted their price target for the company from $29.00 to $32.00 in a research report on Friday, May 20th. Argus restated a “hold” rating on shares of Suburban Propane Partners in a research report on Monday, July 11th. Finally, Janney Montgomery Scott started coverage on Suburban Propane Partners in a research report on Wednesday, July 20th. They set a “neutral” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $32.83.

The company’s market cap is $2.07 billion. The company has a 50 day moving average of $33.46 and a 200-day moving average of $30.05.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by $0.82. The firm earned $404.10 million during the quarter, compared to analyst estimates of $529.47 million. During the same period last year, the firm earned $2.26 earnings per share. Suburban Propane Partners’s revenue was down 32.6% on a year-over-year basis. On average, analysts anticipate that Suburban Propane Partners LP will post $0.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Tuesday, August 2nd will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $3.55 annualized dividend and a dividend yield of 10.42%.

An institutional investor recently raised its position in Suburban Propane Partners stock. Morgan Stanley raised its stake in Suburban Propane Partners LP (NYSE:SPH) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,135,340 shares of the company’s stock after buying an additional 310,878 shares during the period. Morgan Stanley owned approximately 1.87% of Suburban Propane Partners worth $27,601,000 at the end of the most recent reporting 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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