Purchase Of Shares In Suburban Propane Partners L.P. (SPH) By Brinkworth Douglas

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As of Wednesday close, Suburban Propane Partners L.P.’s (NYSE:SPH) stock was up $0.3, moving up 1.88 percent to $16.25. The average number of shares traded per day over the past five days has been 141,560 shares. 5 times new highs have been achieved over the past 5 days, with a $0.37 gain in that time frame. In the last twenty days, the average volume was 182,525, while in the previous 50 days, it was 193,938.

Since last month, SPH stock retreated -2.29%. Shares of the company fell to $15.60 on 11/17/22, the lowest level in the past month. A 52-week high of $17.75 was reached on 05/05/22 after having rallying from a 52-week low of $13.83. Since the beginning of this year, SPH’s stock price has risen by 10.92% or $1.60, and marked a new high 18 times. However, the stock has declined by -8.45% since its 52-week high.


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SPH stock investors should be aware that Suburban Propane Partners L.P. (SPH) stock had its last reported insider trading activity 2 days ago on Nov 22. Brinkworth Douglas, the SVP-Prod.Sup,Purch.&Log.s of the company, disposed of 12,500 shares for $16.03 on Nov 22. It resulted in a $200,375 divestment by the insider. Schueler Michael A sold 5,000 shares at an average price of $14.77 on Dec 03. The insider now owns 46,133 shares following the transaction. On Dec 02, VP, Product Supply Schueler Michael A sold 5,000 shares at $14.91 apiece. The transaction was valued at $74,550.

Valuation Metrics

Right now, Suburban Propane Partners L.P. (SPH) has a P/E ratio of about 7.44. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.67, the price-to-book (PB) ratio of 1.82, and the price-to-cash flow ratio of 9.88 may also be considered.

The latest dividend of $0.3250 per share was paid out, remained unchanged from last year’s $0.3250. On Friday July 23 2021, a $0.0250 dividend increase was announced.

Financial Health

In the three months ended June 29, Suburban Propane Partners L.P.’s quick ratio stood at 0.60, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.91, and the total debt-to-equity ratio was 1.91. On the profitability front, the trailing twelve-month gross margin is 52.60% percent. In the year ended June 29, operating margins totaled 14.80%. Based on annual data, SPH earned $803.28 million in gross profit and brought in $1.29 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.70%. Return on equity (ROE) for the past 12 months was 30.70%.

In Suburban Propane Partners L.P.’s quarter-end financial report for June 29, it reported total debt of $1.08 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SPH’s revenue rose 12.37% to $300.33 million during the quarter, while net income inched up to $237.63 million. While analysts expected Suburban Propane Partners L.P. to report -$0.18 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated $28.78 million in EBITDA. The liabilities of Suburban Propane Partners L.P. were 1.55 billion at the end of its most recent quarter ended June 29, and its total debt was $1.22 billion. The value of shareholders’ equity is $62.99 million.

Technical Picture

This quick technical analysis looks at Suburban Propane Partners L.P.’s (SPH) price momentum. With a historical volatility rate of 17.28%, the RSI 9-day stood at 55.53% on 23 November.

With respect to its five-day moving average, the current Suburban Propane Partners L.P. price is up by +2.33% percent or $0.37. At present, SPH shares trade -2.81% below its 20-day simple moving average and +8.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.45% below its SMA50 and +8.99% above its SMA200.

Stochastic coefficient K was 39.78% and Stochastic coefficient D was 30.91%, while ATR was 0.38. Given the Stochastic reading of 54.62% for the 14-day period, the RSI (14) reading has been calculated as 52.35%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at -0.02.

Analyst Ratings

Argus upgraded its rating on Suburban Propane Partners L.P. (NYSE: SPH) to a Buy in a note to investors on March 26, 2021. The analysts firm previously had a Hold rating on the stock.

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