Star Gas Partners, L.P. (SGU) Releases Earnings Results, Misses Estimates By $0.07 EPS

Star Gas Partners, L.P. (NYSE:SGU) issued its earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.07, Morningstar.com reports. 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%.

Star Gas Partners, L.P. (NYSE SGU) traded up 0.93% during trading on Friday, hitting $10.80. 85,406 shares of the stock were exchanged. The company has a 50-day moving average price of $10.68 and a 200 day moving average price of $10.00. The firm has a market capitalization of $603.58 million, a price-to-earnings ratio of 24.43 and a beta of 0.27. Star Gas Partners, L.P. has a 1-year low of $8.60 and a 1-year high of $11.70.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Monday, July 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.07%. Star Gas Partners, L.P.’s dividend payout ratio (DPR) is currently 95.65%.

Separately, BidaskClub lowered shares of Star Gas Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new position in Star Gas Partners, L.P. during the second quarter valued at $356,000. Goldman Sachs Group Inc. increased its position in Star Gas Partners, L.P. by 1.4% in the second quarter. Goldman Sachs Group Inc. now owns 671,291 shares of the pipeline company’s stock valued at $7,277,000 after buying an additional 8,977 shares during the last quarter. Cat Rock Capital Management LP increased its position in Star Gas Partners, L.P. by 82.0% in the second quarter. Cat Rock Capital Management LP now owns 2,332,613 shares of the pipeline company’s stock valued at $25,286,000 after buying an additional 1,050,793 shares during the last quarter. Doliver Capital Advisors LP acquired a new position in Star Gas Partners, L.P. during the second quarter valued at $176,000. Finally, Bandera Partners LLC increased its position in Star Gas Partners, L.P. by 2.2% in the second quarter. Bandera Partners LLC now owns 2,457,687 shares of the pipeline company’s stock valued at $26,641,000 after buying an additional 51,805 shares during the last quarter. Institutional investors and hedge funds own 33.68% of the company’s stock.

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.

Earnings History for Star Gas Partners, L.P. (NYSE:SGU)

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