Somewhat Positive Press Coverage Somewhat Unlikely to Affect Star Gas Partners, L.P. (NYSE:SGU) Stock Price
News headlines about Star Gas Partners, L.P. (NYSE:SGU) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Star Gas Partners, L.P. earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 47.1965431911144 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Star Gas Partners, L.P. (NYSE SGU) traded down 1.53% during midday trading on Friday, reaching $10.32. The company’s stock had a trading volume of 50,705 shares. The company’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.01. Star Gas Partners, L.P. has a 1-year low of $8.55 and a 1-year high of $11.70. The company has a market capitalization of $576.76 million, a price-to-earnings ratio of 22.93 and a beta of 0.27.
Star Gas Partners, L.P. (NYSE:SGU) last announced its quarterly earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.07. The business had revenue of $225.80 million for the quarter. Star Gas Partners, L.P. had a return on equity of 7.90% and a net margin of 1.96%. On average, analysts predict that Star Gas Partners, L.P. will post $0.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Monday, July 31st were issued a $0.11 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.44 annualized dividend and a dividend yield of 4.26%. Star Gas Partners, L.P.’s dividend payout ratio (DPR) is 95.65%.
Separately, BidaskClub raised Star Gas Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday.
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About Star Gas Partners, L.P.
Star Gas Partners, L.P. is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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