Star Group (NYSE:SGU) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• SGU crossed above its 200‑day moving average — the 200‑day MA is $12.25 and the stock traded as high as $12.55, a potential bullish technical signal.
• Analyst sentiment has turned more positive, with Weiss Ratings and Wall Street Zen upgrading the stock and MarketBeat showing an average rating of "Buy".
• Fundamentals include a market cap of $412.3M, a low PE of 7.94, and a recently announced annualized dividend yield of 5.9% (quarterly $0.185), alongside Q end results of $0.89 EPS and $539.3M revenue.

Shares of Star Group, L.P. (NYSE:SGU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.25 and traded as high as $12.55. Star Group shares last traded at $12.54, with a volume of 12,324 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Star Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, January 13th. Wall Street Zen raised shares of Star Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Star Group presently has an average rating of "Buy".

Star Group Trading Up 0.1%

The company has a market capitalization of $412.32 million, a PE ratio of 7.94 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average of $12.77 and a two-hundred day moving average of $12.25.

Star Group (NYSE:SGU - Get Free Report) last issued its earnings results on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share (EPS) for the quarter. Star Group had a return on equity of 23.03% and a net margin of 4.16%.The business had revenue of $539.26 million during the quarter.

Star Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, January 26th. Star Group's payout ratio is presently 46.84%.

Hedge Funds Weigh In On Star Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lubar & Co. Inc bought a new stake in Star Group in the fourth quarter worth $15,344,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Star Group by 91.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company's stock valued at $1,231,000 after buying an additional 49,640 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Star Group during the first quarter valued at about $231,000. Kingsview Wealth Management LLC purchased a new position in shares of Star Group in the third quarter worth about $150,000. Finally, Cove Street Capital LLC increased its holdings in shares of Star Group by 46.3% in the third quarter. Cove Street Capital LLC now owns 25,600 shares of the pipeline company's stock worth $303,000 after buying an additional 8,100 shares during the period. Institutional investors own 40.36% of the company's stock.

Star Group Company Profile

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.

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