Suburban Propane Partners LP (NYSE:SPH)’s share price rose 3.5% during mid-day trading on Friday . The company traded as high as $33.31 and last traded at $33.24, with a volume of 69,761 shares. The stock had previously closed at $32.13.

SPH has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Janney Montgomery Scott initiated coverage on shares of Suburban Propane Partners in a report on Wednesday, July 20th. They set a “neutral” rating and a $30.00 price objective on the stock. Argus reaffirmed a “hold” rating on shares of Suburban Propane Partners in a report on Monday, July 11th. Finally, Citigroup Inc. downgraded shares of Suburban Propane Partners from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $29.00 to $32.00 in a report on Friday, May 20th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.83.

The company has a market cap of $2.04 billion and a P/E ratio of 292.52. The firm has a 50-day moving average price of $33.99 and a 200 day moving average price of $31.68.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, August 4th. The company reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.14. During the same quarter in the prior year, the company earned ($0.67) EPS. The business had revenue of $205.10 million for the quarter, compared to the consensus estimate of $218.29 million. Suburban Propane Partners’s revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that Suburban Propane Partners LP will post $0.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Tuesday, August 2nd were issued a $0.8875 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $3.55 dividend on an annualized basis and a yield of 10.55%.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.