Suburban Propane Partners, L.P. – Consensus Indicates Potential 25.2% Upside
Suburban Propane Partners, LP with ticker code (SPH) now has 3 analysts covering the stock. The analyst consensus suggests a “Buy” rating. The target price range is between 22 and 18, whereby we calculate the average price of 19.33. With the previous closing price of 15.44, this now indicates a potential upside potential of 25.2%. The 50 day moving average is 14.91 and the 200 day MA is 15.19. The company has a market capitalization of $ 975 million. Further information is available at: https://www.suburbanpropane.com
Suburban Propane Partners, LP, through its subsidiaries, is engaged in the retail marketing and distribution of propane, heating oil and refined fuels. The company operates in four segments: propane, heating oil and refined fuels, natural gas and electricity, and all others. The Propane segment deals with the retail distribution of propane to private, commercial, industrial and agricultural customers as well as with the wholesale distribution to industrial end users. It offers propane primarily for space heating, water heating, cooking and laundry drying in residential and commercial areas; for use as fuel in internal combustion engines for driving road vehicles, forklifts and stationary engines and as kilns, as cutting gas for industrial customers and in other process applications; and for tobacco curing, harvest drying, poultry farming and weed control in agricultural markets. The heating oil and refined fuels segment deals with the retail distribution of heating oil, diesel, kerosene and gasoline to private and commercial customers, which are mainly used as a heat source in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to private and commercial customers in the liberalized energy markets of New York and Pennsylvania. The All Other segment sells, installs, and services a range of home comfort equipment, including whole home heating products, air purifiers, humidifiers, and space heaters. As of September 25, 2021, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers at 700 locations in 41 states, primarily in the east and west coast regions of the United States and parts of the American Midwest United States and Alaska. Suburban Energy Services Group LLC is the General Partner of Suburban Propane Partners, LP. Founded in 1945, the company is headquartered in Whippany, New Jersey.
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