Suburban Propane Partners LP (NYSE:SPH) traded with an addition of $1.39 to $16.06 on Thursday, an upside of 9.48 percent. An average of 540,147 shares of common stock have been traded in the last five days. There was a gain of $1.23 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 258,292 shares traded, while the 50-day average volume stands at 203,577.
SPH stock has increased by 10.30% in the last month. The company shares reached their 1-month lowest point of $14.45 on 09/08/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $14.42 and a high of $16.96 in 52 weeks. It has reached a new high 10 times so far this year and achieved 5.80% or $0.88 in price. In spite of this, the price is down -5.31% from the 52-week high.
Insider Transactions
SPH stock investors should be aware that Suburban Propane Partners LP (SPH) stock had its last reported insider trading activity 44 days ago on Aug 15. In this transaction, the insider spent $64,020. Vice President-Product Supply, Schueler Michael A, disposed of 3,882 shares at a price of $16.29 on Dec 01. The insider now owns more than $63,238 worth of shares. Prior to that, SVP-Prod.Sup,Purch.&Log.s Brinkworth Douglas went on to Sale 12,500 shares at $16.03 each on Nov 22. An amount of $200,375 was transacted.
Valuation Metrics
Suburban Propane Partners LP (SPH) has a trailing price-to-earnings (P/E) ratio of 11.51, which compares with the N/A for the broader industry. The stock’s beta is 0.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 1.74, and the price-to-cash flow ratio at 5.92.
The company has a payout ratio of 59.57%. The company’s most recent quarterly dividend payment was $0.3250 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Friday July 23 2021.
Financial Health
The quick ratio of Suburban Propane Partners LP for the three months ended June 29 was 0.47, and the current ratio was 0.68, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.25 and a total debt to equity ratio of 2.31 for the quarter ending June 29. Suburban Propane Partners LP’s EBITDA margin for the year ending June 29 is 19.52%, while its operating margin for the same period stands at 14.78%. Its gross profit as reported stood at $789.34 million compared to revenue of $1.5 billion.
Earnings Surprise
For the three-month period that ended June 29, Suburban Propane Partners LP had $1.22 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.26 million in the quarter, while revenues were grew 51.71%. The analyst consensus anticipated Suburban Propane Partners LP’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.08, a 0.00% surprise. For the quarter, EBITDA amounted to $30.4 million. Shareholders own equity worth $63.51 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Suburban Propane Partners LP (SPH) price momentum. RSI 9-day as of the close on 27 September was 78.11%, suggesting the stock is Overbought, with historical volatility in this time frame at 48.64%.
As of today, SPH’s price is $14.99 +8.26% or $1.23 from its 5-day moving average. SPH is currently trading +10.12% higher than its 20-day SMA and +5.35% higher than its 100-day SMA. However, the stock’s current price level is +7.46% above the SMA50 and +0.66% above the SMA200.
The stochastic %K and %D were 44.56% and 42.71%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 80.05% and the average true range at 0.31, the RSI (14) stands at 74.16%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at 0.26.
Analyst Ratings
Mizuho launched coverage on Suburban Propane Partners LP (NYSE: SPH) in its analyst report released on April 26, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Suburban Propane Partners LP (SPH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPH, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is SPH’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $17.00, with a median target of $16.50. Taking a look at these predictions, the average price target given by analysts for Suburban Propane Partners LP (SPH) stock is $16.50.
