Star Group: Shares Remain Undervalued As We Approach Upcoming Q1 Earnings Release [Seeking Alpha]
Star Group L.P. (SGU)
US:NYSE Investor Relations:
stargrouplp.com/investor-relations
Company Research
Source: Seeking Alpha
Despite the negative returns, we are maintaining our 'Buy' rating on Star Group due to a keen valuation, well covered yield and robust free-cash-flow numbers. The company's second quarter numbers are expected to be announced in early May. Intro Our most recent commentary in Star Group, L.P. ( NYSE: SGU ) was in December April of 2023 when we stamped a 'Buy' rating on the stock on both occasions. Since our 'Buy' recommendations, shares have not gained traction where a negative return of 10%+ (accounting for dividend distributions) has resulted from both articles. Negative returns are never solicited, especially when the S&P500 has rallied over 20%+ over the past 12 months alone. Nevertheless, as we approach Star Group's second quarter numbers (expected to be announced in early May), we are maintaining our 'Buy' rating in Star Group for the following reasons. Technical Analysis As we see from SGU's intermediate technical chart below, shares managed to successfully test downsi
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SGU
News
- Star Group, L.P. Reports Fiscal 2024 Second Quarter Results [Yahoo! Finance]Yahoo! Finance
- Star Group, L.P. Reports Fiscal 2024 Second Quarter ResultsGlobeNewswire
- Star Group, L.P. to Host Fiscal 2024 Second Quarter Webcast and Conference Call May 2, 2024GlobeNewswire
- Star Group, L.P. Increases Quarterly Distribution to 17.25 Cents per UnitGlobeNewswire
- Star Group, L.P. (NYSE: SGU) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
SGU
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SGU's page on the SEC website