|Bid||39.06 x 900|
|Ask||0.00 x 800|
|Day's Range||39.20 - 39.99|
|52 Week Range||39.01 - 48.37|
|PE Ratio (TTM)||23.49|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||3.80 (9.47%)|
|1y Target Est||42.40|
DALLAS , Sept. 25, 2018 /PRNewswire/ -- On September 21, 2018 , Swank Capital, LLC, and Cushing ® Asset Management, LP, announced the upcoming rebalancing of The Cushing ® Energy Index (the "Index") ...
DALLAS , Sept. 25, 2018 /PRNewswire/ -- On September 21, 2018 , Swank Capital, LLC, and Cushing ® Asset Management, LP, announced the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the ...
The Board of Directors of AmeriGas Propane, Inc. , general partner of AmeriGas Partners, L.P. , announced today that Roger Perreault and Hugh J. Gallagher have been elected as directors of AmeriGas Propane, Inc., effective October 1, 2018.
DALLAS , Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Utility Index (the "Index") as part of ...
DALLAS , Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Energy Index (the "Index") as part of ...
DALLAS , Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...
DALLAS , Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Transportation Index (the "Index") as ...
Today, AmeriGas Propane, Inc. (“AmeriGas” or the “General Partner”), the general partner of AmeriGas Partners, L.P. (APU), announced that Jerry E. Sheridan has elected to leave the position of President and Chief Executive Officer and Hugh J. Gallagher, currently AmeriGas Vice President, Finance and Chief Financial Officer, has been appointed to the President and Chief Executive Officer position, effective September 18, 2018. Mr. Sheridan has also resigned as a director of the General Partner but will remain an employee of AmeriGas until January 2019 to assist with the transition.
Since AmeriGas Partners LP (NYSE:APU) released its earnings in June 2018, it seems that analyst forecasts are substantially optimistic, with profits predicted to ramp up by an impressive 54.4% nextRead More...
Hi-Crush Partners (HCLP) fell 5% during the week that ended on August 24. The stock has been on a downward trajectory for over a month, and it’s fallen ~25% from its high of $15.25 in July.
AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. , today reported financial results for the fiscal quarter ended June 30, 2018.
NEW YORK, July 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CIRCOR ...
The Board of Directors of AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. , has declared a quarterly partnership distribution of $0.95 per limited partnership unit, payable August 17, 2018 to unitholders of record August 10, 2018.
The two propane distributors offer investors high yields of over 9%, but they need to come to grips with the risks climate change poses to their businesses.
Moody's Investors Service ("Moody's") changed AmeriGas Partners, L.P.'s (AmeriGas) outlook to stable from negative and concurrently affirmed AmeriGas's Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), Ba3 senior unsecured notes, and SGL-3 Speculative Grade Liquidity Rating (SGL). "The stable outlook reflects our view that AmeriGas will maintain its debt/EBITDA ratio at or below 4.5x through fiscal 2019 and look for ways to further reduce leverage to comfortably accommodate weather related variability in earnings," said Sajjad Alam, Moody's Senior Analyst.
Of the eight analysts surveyed by Reuters covering AmeriGas Partners (APU), only one rated the stock as a “buy.” Four analysts rated the stock as a “hold” and three analysts rated it as a “sell.” The median target price for AmeriGas Partners is $44, which implies an upside potential of ~5% from AmeriGas Partners’ current price of $42.02.
UGI (UGI) holds 25.6% of AmeriGas Partners’ (APU) outstanding shares. UGI is AmeriGas Partners’ general partner. OppenheimerFunds, Energy Income Partners, and City National Rochdale hold 4.1%, 3.4%, and 1.6%, respectively, of AmeriGas Partners’ outstanding shares. OppenheimerFunds, Energy Income Partners, and City National Rochdale added 52,655, 59,083, and 21,320 AmeriGas Partners shares to their positions, respectively, according to the latest filings.
Ferrellgas Partners’ (FGP) net debt-to-adjusted EBITDA ratio stood at ~9.9x at the end of fiscal 2017—much higher than desired. Ferrellgas Partners’ Bridger Logistics acquisition in 2015 added to its debt burden. At the same time, issues in Ferrellgas Partners’ midstream business restricted its EBITDA growth and increased its leverage.
AmeriGas Partners (APU) lowered its adjusted EBITDA guidance range for the fiscal year ending September 30 from $650 million–$690 million to $625 million–$645 million. The company’s adjusted EBITDA for fiscal 2017 was $551 million.
Currently, propane MLPs are trading at high yields. AmeriGas Partners (APU), Suburban Propane Partners (SPH), and Ferrellgas Partners (FGP) are trading at yields of 9.1%, 10.3%, and 11.9%, respectively. A fall in their stock prices pushed the yields higher.
Propane distribution companies, apart from Ferrellgas Partners (FGP), have broadly followed the fall in midstream MLPs in 2018. Despite decent volumes and earnings growth, along with some balance sheet improvement, propane distribution companies’ stocks are in the red in 2018. In this series, we’ll analyze propane companies’ performance, financial metrics, and growth prospects.
High-yield dividend stocks typically play a vital role for investors planning for retirement. However, like many things in life, there is no such thing as a free lunch when it comes to income plays. Many of the highest-yielding dividend stocks are too good to be true. Their high yields simply reflect a higher risk profile and an unsustainable dividend that will be put on the chopping block in the future. For investors living off dividends in retirement, that's a disaster just waiting to happen. As a result, conservative income investors would do well to steer clear of most stocks with dividend yields well above 6%. Not every high-yield stock turns out to be a trap, however. Today, we'll review eight dividend stocks that sport a dividend yield of at least 8%. These companies maintained their payouts during the financial crisis, and they appear poised to continue delivering generous dividends over at least the short- to medium-term. To be clear, these are still "reach" candidates. They need to be approached with caution. Only more aggressive income investors who are willing to tolerate higher risk should consider these stocks. But in moderation, they could do well as a smaller part of a will-diversified dividend portfolio. SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
AmeriGas Partners, L.P. will announce the results of its third fiscal quarter after the market closes on August 1. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM EDT on Thursday, August 2.