Star Group (NYSE:SGU) Shares Pass Above 200-Day Moving Average of $11.49

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.49 and traded as high as $11.80. Star Group shares last traded at $11.22, with a volume of 63,645 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 13th.

Star Group Price Performance

The business has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.49. The firm has a market cap of $399.14 million, a P/E ratio of 17.00 and a beta of 0.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.66 and a current ratio of 0.83.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $1.56 earnings per share (EPS) for the quarter. Star Group had a net margin of 2.15% and a return on equity of 13.15%. The company had revenue of $666.03 million during the quarter.

Star Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Monday, April 29th were issued a dividend of $0.1725 per share. This is a boost from Star Group’s previous quarterly dividend of $0.16. This represents a $0.69 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Friday, April 26th. Star Group’s dividend payout ratio is currently 104.55%.

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.