Suburban Propane Partners LP (NYSE:SPH)’s share price dropped 2% during mid-day trading on Thursday . The stock traded as low as $32.26 and last traded at $32.50, with a volume of 115,017 shares changing hands. The stock had previously closed at $33.15.

SPH has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Suburban Propane Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, May 12th. Argus restated a “hold” rating on shares of Suburban Propane Partners in a report on Monday, July 11th. Citigroup Inc. downgraded shares of Suburban Propane Partners from a “buy” rating to a “neutral” rating and upped their price objective for the company from $29.00 to $32.00 in a report on Friday, May 20th. Finally, Janney Montgomery Scott initiated coverage on Suburban Propane Partners in a research report on Wednesday, July 20th. They issued a “neutral” rating and a $30.00 target price on the stock. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Suburban Propane Partners presently has an average rating of “Hold” and an average price target of $32.83.

The company has a market cap of $1.95 billion and a price-to-earnings ratio of 279.39. The company has a 50 day moving average of $34.07 and a 200-day moving average of $31.67.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.14. The company earned $205.10 million during the quarter, compared to analysts’ expectations of $218.29 million. During the same quarter in the previous year, the business posted ($0.67) EPS. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts forecast that Suburban Propane Partners LP will post $0.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Tuesday, August 2nd were paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 11.05%. The ex-dividend date was Friday, July 29th.

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.