There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are likely aafx trading review to see active trading during Thursday’s session are BEA Systems, Agilent Technologies, JC Penney, and Starbucks. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
- Saudi Arabia has chosen to extend its crude oil production cut by 1 million barrels per day until the end of the year.
- On average, they expect the company’s stock price to reach $16.50 in the next year.
- SPH operates through three segments, Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity.
- Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
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Suburban Propane Partners LP is a renowned distributor of propane, fuel oil, and other refined fuels. It primarily serves customers in the East Coast and West Coast regions of the United States. The company also partakes in natural gas and electricity marketing in the deregulated markets of New York and Pennsylvania.
Warm Winter Won’t Sink Suburban Propane: Stifel
The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. SPH earnings call for the period ending September 25, 2021.
In addition, as of June 30, 2023, the company’s total assets amounted to $14.03 billion, compared to $13.55 billion as of December 31, 2022. During the second quarter that ended June 30, 2023, PBF’s revenues came in at $9.16 billion. Moreover, the net income attributable to PBF stockholders and net income available to Class A common stock per share stood at $1.02 billion and $7.88, respectively. In light of these encouraging trends, let’s look at the fundamentals of the three best energy stocks, beginning with number 3.
In terms of forward non-GAAP P/E, PBF is trading at 3.88x, 60.6% lower than the industry average of 9.85x. Furthermore, its forward EV/EBITDA multiple of 2.49 is 55.7% lower than the 5.61 industry average. Additionally, the stock’s forward Price/Sales of 0.15x compares with the industry average of 1.48x. Additionally, the agency foresees a rise in domestic gas consumption, reaching 89.72 bcfd in 2023 from a record 88.56 bcfd in 2022. Liquefied Natural Gas (LNG) exports will increase to 11.60 bcfd in 2023 and 13.15 bcfd in 2024, up from 10.59 bcfd in 2022.
Analysts expect SPH’s revenue to grow 1.5% year-over-year to $1.46 billion for the fiscal year ending September 2024. Likewise, the company’s EPS for the next fiscal year is estimated to come in at $2.44, indicating a 33.6% year-over-year improvement. The stock has gained 11.9% over the past month, closing the last trading session at $16.29. The consensus revenue estimate of $1.33 billion for the fiscal year ending December 2023 reflects a 3.9% year-over-year improvement. Likewise, the consensus EPS estimate of $2.10 reflects a 4.5% rise from the prior year.
View analysts price targets for SPH or view top-rated stocks among Wall Street analysts. If the stock price is significantly above the GF Value Line, it indicates overvaluation and potential poor future returns. Conversely, if it is significantly below the GF Value Line, it suggests undervaluation and likely higher future returns. Based on this method, Suburban Propane Partners LP’s stock appears to be fairly valued at its current price of $16.15 per share.
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Stocks That Hit 52-Week Lows On Wednesday
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Suburban Propane Partners declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.325 per share on Tuesday, August 8th.
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This represents a $1.30 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Monday, July 31st. Said Thursday it’ll pay $1.8 billion in cash and debt to buy Inergy L.P.’s retail propane operations.
Aanchal’s passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor’s degree in finance and is pursuing the CFA program. She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.
Investing in companies with low financial strength can result in permanent capital loss. Therefore, it’s crucial to carefully review a company’s financial strength before deciding to buy shares. Looking at the cash-to-debt ratio and interest coverage can provide a good initial perspective. thinkmarkets broker review Suburban Propane Partners LP’s cash-to-debt ratio is 0.01, ranking worse than 95.26% of 485 companies in the Utilities – Regulated industry. Based on this, GuruFocus ranks Suburban Propane Partners LP’s financial strength as 4 out of 10, suggesting a poor balance sheet.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. MarketRank is calculated as axitrader: your legitimate agent an average of available category scores, with extra weight given to analysis and valuation. Please note that all recommendations are based on our model’s results and do not represent our personal opinion.
Research Report for SPH
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
The most recent change in the company’s dividend was an increase of $0.0250 on Friday, July 23, 2021. 43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead. Click here to access the additional SPH ratings (Growth, Value, Momentum, and Stability). Click here to access additional PBF ratings for Growth, Momentum, Stability, and Sentiment. It has ranked #13 out of 89 stocks within the Energy – Oil & Gas industry. Year-to-date, PBF has gained 21%, closing the last trading session at $45.43.
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.