Suburban Propane Partners LP (NYSE:SPH) saw a downside of -1.01% to close Friday at $14.68 after subtracting -$0.15 on the day. The 5-day average trading volume is 350,980 shares of the company’s common stock. It has gained $15.14 in the past week and touched a new high 4 times within the past 5 days. An average of 180,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 173,866.
SPH’s 1-month performance is 0.34% or $0.05 on its low of $14.45 reached on 09/08/23. The company’s shares have touched a 52-week low of $14.42 and high of $16.96, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, SPH has lost -3.29% or -$0.50 and has reached a new high 9 times. However, the current price is down -13.44% from the 52-week high price.
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Insider Transactions
SPH stock investors last saw insider trading activity on Aug 15.LOGAN HAROLD R JR (Director) most recently sold 4,400 shares at $14.55 per share on Aug 15. This transaction cost the insider $64,020. Vice President-Product Supply, Schueler Michael A, sold 3,882 shares at a price of $16.29 on Dec 01. Then, on Nov 22, SVP-Prod.Sup,Purch.&Log.s Brinkworth Douglas sold 12,500 shares at a price of $16.03 per share. This transaction amounted to $200,375.
Valuation Metrics
SPH stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.65 while the price-to-book (PB) in the most recent quarter is 1.60, with the price to cash flow ratio at 5.41.
Suburban Propane Partners LP’s quick ratio for the period ended June 29 was 0.47, with the current ratio over the same period at 0.68. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.25, while the total debt to equity was 2.31. In terms of profitability, the gross margin trailing 12 months is 20.80%. The trailing 12-month EBITDA margin is 19.52% while for the period ending June 29, Suburban Propane Partners LP’s operating margin was 14.78%. The firm’s gross profit as reported stood at $789.34 million against revenue of $1.5 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 51.71% to -$5.26 million, while revenue of $104.48 million was 2086.31% off the previous quarter. Analysts expected SPH to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.08, representing a 0.00% surprise. EBITDA for the quarter stood at more than $30.4 million. SPH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.7 billion, with total debt at $1.35 billion. Shareholders hold equity totaling $63.51 million.
Let’s look briefly at Suburban Propane Partners LP (SPH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 48.00% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.03%.
The stock’s 5-day moving average is $14.80, reflecting a -0.81% or -$0.12 change from its current price. SPH is currently trading +0.96% above its 20-day SMA, -4.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.54% and SMA200 by-7.73%.
Stochastic %K and %D was 55.19% and 63.91% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 49.29%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Suburban Propane Partners LP (NYSE: SPH), Mizuho launched coverage with a Neutral rating. Analysts offering their rating for SPH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPH as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SPH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $17.00, with their median price target at $16.50. Looking at these predictions, the average price target given by analysts is for Suburban Propane Partners LP (SPH) stock is $16.50.
