Replies to post #12 on AmeriGas Partners, LLP (APU)

[eastunder]

Thanks for the heads up 02opida. I kinda forgot about APU so I appreciate the reconnect.

I wanted to Note the reason for the drop shown on the chart on 6/12/14 for future reference...

Energy Transfer Affiliate to offer 8.5 million AmeriGas Common Units

AmeriGas Partners, L.P.
June 11, 2014 4:18 PM

http://finance.yahoo.com/news/energy-transfer-affiliate-offer-8-201800554.html





Follow up on offer

Insider Selling: Energy Transfer Partners, L.P. Sells 8,500,000 Shares of AmeriGas Partners, L.P. Stock (APU)

Posted by Scott Davis on Jun 18th, 2014

http://www.wkrb13.com/markets/323925/insider-selling-energy-transfer-partners-l-p-sells-8500000-shares-of-amerigas-partners-l-p-stock-apu/



AmeriGas Partners, L.P. logoAmeriGas Partners, L.P. (NYSE:APU) major shareholder Energy Transfer Partners, L.P. sold 8,500,000 shares of AmeriGas Partners, L.P. stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $44.40, for a total transaction of $377,400,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on APU shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AmeriGas Partners, L.P. in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, up previously from $46.00. Analysts at Credit Suisse upgraded shares of AmeriGas Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $44.00 price target on the stock, up previously from $43.00. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.42.

Shares of AmeriGas Partners, L.P. (NYSE:APU) traded up 0.22% during mid-day trading on Wednesday, hitting $45.25. The stock had a trading volume of 654,924 shares. AmeriGas Partners, L.P. has a 52-week low of $40.96 and a 52-week high of $50.45. The stock has a 50-day moving average of $46.56 and a 200-day moving average of $43.89. The company has a market cap of $4.202 billion and a price-to-earnings ratio of 18.13.

AmeriGas Partners, L.P. (NYSE:APU) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by $0.52. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, analysts predict that AmeriGas Partners, L.P. will post $2.97 earnings per share for the current fiscal year.

AmeriGas Partners, L.P. (NYSE:APU) is a holding company.