Notable Mover: Could Star Gas Partners, L.P. See a Reversal After Breaking Its 52-Week High?

Notable Mover: Could Star Gas Partners, L.P. See a Reversal After Breaking Its 52 Week High?

The stock of Star Gas Partners, L.P. (NYSE:SGU) hit a new 52-week high and has $11.74 target or 20.00% above today’s $9.78 share price. The 7 months bullish chart indicates low risk for the $567.53 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $11.74 price target is reached, the company will be worth $113.51M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 23,755 shares traded hands. Star Gas Partners, L.P. (NYSE:SGU) has risen 21.38% since February 29, 2016 and is uptrending. It has outperformed by 9.17% the S&P500.

Analysts await Star Gas Partners, L.P. (NYSE:SGU) to report earnings on December, 14.

According to Zacks Investment Research, “Star Gas Partners, L.P., is a publicly traded limited partnership.The Partnership is primarily engaged in the retail distribution of propane and related supplies and equipment to residential, commercial, industrial, agricultural and motor fuel customers.”

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.12, from 0.94 in 2016Q1. The ratio improved, as 7 funds sold all Star Gas Partners, L.P. shares owned while 10 reduced positions. 5 funds bought stakes while 13 increased positions. They now own 12.59 million shares or 6.01% more from 11.88 million shares in 2016Q1.
Utd Fincl Advisers Ltd Llc holds 0% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU) for 27,924 shares. Moreover, Joel Isaacson And Comm Ltd Liability Com has 0.02% invested in Star Gas Partners, L.P. (NYSE:SGU) for 12,055 shares. Wells Fargo Mn holds 0% or 123,341 shares in its portfolio. National Bank & Trust Of New York Mellon last reported 20,300 shares in the company. Renaissance Technologies Limited Com holds 70,067 shares or 0% of its portfolio. Lubar And Company Inc holds 200,000 shares or 2.47% of its portfolio. Fmr Limited Co last reported 0% of its portfolio in the stock. Cetera Advisor Net Lc last reported 0.01% of its portfolio in the stock. James Research holds 0.09% or 384,587 shares in its portfolio. Citigroup owns 565 shares or 0% of their US portfolio. Solaris Asset Mngmt Ltd holds 0.02% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU) for 3,623 shares. The New York-based Williams Jones & Ltd has invested 0.05% in Star Gas Partners, L.P. (NYSE:SGU). Moab Cap Prns Limited Company, a New York-based fund reported 727,923 shares. Envestnet Asset Management Inc accumulated 0% or 28,128 shares. Goldman Sachs Group Inc accumulated 311,677 shares or 0% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 2 insider buys, and 0 selling transactions for $36,757 net activity. Shares for $19,259 were bought by Goldman Steven Jay. Another trade for 2,000 shares valued at $17,498 was made by AMBURY RICHARD on Thursday, May 12.

More notable recent Star Gas Partners, L.P. (NYSE:SGU) news were published by: Reuters.com which released: “Star Gas Partners LP (SGU.N)” on May 23, 2008, also Fool.com with their article: “Star Gas Partners Couldn’t Fight Industry Trends and Tanked 15% in September” published on October 07, 2015, Nasdaq.com published: “Star Gas Partners, L.P. (SGU) Ex-Dividend Date Scheduled for July 28, 2016” on July 27, 2016. More interesting news about Star Gas Partners, L.P. (NYSE:SGU) were released by: Globenewswire.com and their article: “Star Gas Partners, L.P. Reports Fiscal 2015 Fourth Quarter and Full Year Results” published on December 09, 2015 as well as Seekingalpha.com‘s news article titled: “Star Gas Partners: A Deeply Undervalued Beneficiary Of Low Oil Prices Offering …” with publication date: February 06, 2015.

SGU Company Profile

Star Gas Partners, L.P., incorporated on October 16, 1995, is an energy provider. The Firm is engaged in the sale of home heating services and products to residential and commercial customers. It is a service well-known provider of home heating oil and a distributor of propane. The Firm also sells gasoline and diesel fuel on a delivery only basis.

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