Star Group (NYSE:SGU) Rating Increased to Strong-Buy at Wall Street Zen

Star Group (NYSE:SGU) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Star Group has an average rating of “Buy”.

Star Group Stock Performance

SGU opened at $12.63 on Friday. The company has a market cap of $416.54 million, a price-to-earnings ratio of 8.53 and a beta of 0.35. Star Group has a 52-week low of $11.31 and a 52-week high of $13.75. The firm’s fifty day simple moving average is $12.10 and its two-hundred day simple moving average is $11.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.56.

Star Group (NYSE:SGU) last posted its quarterly earnings data on Monday, December 8th. The pipeline company reported ($0.84) earnings per share (EPS) for the quarter. The firm had revenue of $247.69 million during the quarter. Star Group had a return on equity of 22.68% and a net margin of 4.12%.During the same quarter last year, the firm posted ($1.00) EPS.

Institutional Investors Weigh In On Star Group

Institutional investors have recently made changes to their positions in the stock. Round Rock Advisors LLC increased its holdings in Star Group by 49.7% in the 4th quarter. Round Rock Advisors LLC now owns 20,961 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 6,961 shares during the last quarter. Bank of America Corp DE boosted its holdings in Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after purchasing an additional 5,667 shares during the period. Cove Street Capital LLC boosted its stake in shares of Star Group by 46.3% in the 3rd quarter. Cove Street Capital LLC now owns 25,600 shares of the pipeline company’s stock valued at $303,000 after buying an additional 8,100 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Star Group by 91.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock worth $1,231,000 after acquiring an additional 49,640 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Star Group by 6.8% in the 3rd quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock valued at $615,000 after purchasing an additional 3,333 shares in the last quarter. 40.36% of the stock is currently owned by institutional investors and hedge funds.

About Star Group

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.