SPH Stock Summary and Trading Ideas (Suburban Propane Partners | NYSE:SPH)

Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.

Suburban Propane Partners trades on the NYSE stock market under the symbol SPH.

As of April 19, 2024, SPH stock price climbed to $19.42 with 92,360 million shares trading.

SPH has a beta of 0.51, meaning it tends to be less sensitive to market movements. SPH has a correlation of 0.05 to the broad based SPY ETF.

SPH has a market cap of $1.24 billion. This is considered a Small Cap stock.

Last quarter Suburban Propane Partners reported $366 million in Revenue and $.38 earnings per share. This beat revenue expectation by $834,000 and missed earnings estimates by -$.25.

In the last 3 years, SPH stock traded as high as $22.33 and as low as $13.83.

The top ETF exchange traded funds that SPH belongs to (by Net Assets): AMLP, MLPA, DIV, AMZA, CVY.

SPH has outperformed the market in the last year with a return of +35.3%, while the SPY ETF gained +21.2%. In the last 3 month period, SPH beat the market returning +11.9%, while SPY returned +3.0%. However, in the most recent 2 weeks SPH has underperformed the stock market by returning -6.3%, while SPY returned -4.5%.

SPH support price is $18.63 and resistance is $19.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPH stock will trade within this expected range on the day.