Star Gas Partners, L.P. (NYSE:SGU) Upgraded at BidaskClub

Star Gas Partners, L.P. (NYSE:SGU) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Star Gas Partners, L.P. (NYSE SGU) traded down 1.3292% on Friday, reaching $10.3407. The company had a trading volume of 9,365 shares. The company’s 50-day moving average is $10.68 and its 200-day moving average is $10.01. The company has a market capitalization of $577.91 million, a PE ratio of 23.3952 and a beta of 0.27. Star Gas Partners, L.P. has a 52-week low of $8.55 and a 52-week high of $11.70.

Star Gas Partners, L.P. (NYSE:SGU) last posted its quarterly earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.07. Star Gas Partners, L.P. had a net margin of 1.96% and a return on equity of 7.90%. The business had revenue of $225.80 million during the quarter. Equities analysts anticipate that Star Gas Partners, L.P. will post $0.55 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2801740/star-gas-partners-l-p-nysesgu-upgraded-at-bidaskclub.html.

A number of institutional investors have recently modified their holdings of SGU. Wells Fargo & Company MN boosted its position in shares of Star Gas Partners, L.P. by 14.2% in the second quarter. Wells Fargo & Company MN now owns 144,800 shares of the pipeline company’s stock valued at $1,569,000 after buying an additional 18,052 shares in the last quarter. Royce & Associates LP boosted its position in shares of Star Gas Partners, L.P. by 80.1% in the second quarter. Royce & Associates LP now owns 1,467,617 shares of the pipeline company’s stock valued at $15,909,000 after buying an additional 652,890 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Star Gas Partners, L.P. by 6.8% in the second quarter. IFP Advisors Inc now owns 11,320 shares of the pipeline company’s stock valued at $123,000 after buying an additional 720 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its position in shares of Star Gas Partners, L.P. by 33.2% in the second quarter. Locust Wood Capital Advisers LLC now owns 932,025 shares of the pipeline company’s stock valued at $10,103,000 after buying an additional 232,490 shares in the last quarter. 32.51% of the stock is owned by hedge funds and other institutional investors.

Star Gas Partners, L.P. Company Profile

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.

Receive News & Ratings for Star Gas Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Gas Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.