Revenue Update on Star Gas Partners L.P.(NYSE:SGU)

Star Gas Partners L.P.(NYSE:SGU) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 1, 2016. Earnings per share were $-0.06.

Star Gas Partners L.P. (SGU) made into the market gainers list on Mondays trading session with the shares advancing 0.79% or 0.07 points. Due to strong positive momentum, the stock ended at $8.92, which is also near the day’s high of $8.94. The stock began the session at $8.79 and the volume stood at 25,333 shares. The 52-week high of the shares is $9.86 and the 52 week low is $6.77. The company has a current market capitalization of $510 M and it has 5,71,87,832 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Richard Ambury (CFO) purchased 2,000 shares at $8.75 per share price.Also, On May 12, 2016, Steven Jay Goldman (CEO) purchased 2,200 shares at $8.75 per share price.

Star Gas Partners L.P. (Star Gas Partners) is a home heating oil distributor and services provider that principally provides services to residential and commercial customers to heat their homes and buildings. The Company sold home heating oil to approximately 404000 full services residential and commercial home heating oil customers and propane to approximately 10000 propane customers. It also sells home heating oil gasoline and diesel fuel to approximately 54000 customers on a delivery only basis. It installs maintains and repairs heating and air conditioning equipment for its customers and provides ancillary home services including home security and plumbing to approximately 15700 customers. It conducts its business through an operating subsidiary Petro Holdings Inc. utilizing over 30 local brand names such as Petro Heating & Air Conditioning Services and Meenan Oil.

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