Suburban Propane Partners LP stock trades under the ticker SPH & closed at $15.33/share on 9/8/2021.
SPH stock has shown bullish signals recently, most notably a bullish MACD crossover yesterday, making it worth taking a closer look at.
Suburban Propane Partners LP SPH Stock Technical Performance
SPH Stock Price: $15.33
10 Day Moving-Average: $15.28
50 Day Moving-Average: $15.39
200 Day Moving-Average: $14.71
SPH’s share price recently broke above the 10 Day Moving-Average, and is ripe to bullishly cross through their 50 Day Moving-Average as well, providing more upside momentum.
SPH stock’s RSI is currently neutral at 49, as the stock has recently established a new price range after falling in early/mid August.
Their Volume has been a bit below average in the past month compared to the rest of the previous year, but that is somewhat to be expected given that we are at the market top.
Suburban Propane Partners LP SPH Stock As A Long-Term Investment
Long-term oriented investors may find Suburban Propane Partners LP stock’s Dividend Yield of 7.94% appealing, although their Payout Ratio is a bit high at 77.9%.
Their Trailing P/E of 9.95 is modest, with a P/B of 2.11.
One particular area of concern though is their Debt/Equity (mrq) at 279.4, with $6M in Total Cash (mrq) & $1.27B in Total Debt (mrq).
SPH stock may fit the risk profile for some investors though, especially those with an appetite for Dividend Yields.
Suburban Propane Partners LP SPH Stock As A Short-Term Trade
SPH stock looks primed for strength in the near-term that traders may wish to take advantage of.
They currently have upward momentum, despite falling in early-mid August.
From an options perspective, I am interested in the calls that are currently in-the-money, eyeing the 10/15 expiration date.
The $15 & $12.50 strike price calls are relatively illiquid, but offer some cushion in the event of a market correction while the major indexes hover near all-time highs.
The $20, $17.50 & $15 puts are all appealing, although they have very low open interest.
Once the most recent batch of contracts expire I expect there to be open interest for all of the SPH options, which may find more appealing prices for traders to take advantage of.
Tying It All Together
Overall, Suburban Propane Partners LP stock looks to have advantages for traders of all time frames to take advantage of.
SPH stock’s dividend offers a solid yield that longer-term oriented investors may like, while their recent momentum can provide gains for short-term & options traders as well.
Due to these factors, SPH stock is worth taking a closer look at for traders & investors alike.
*** I DO NOT OWN SHARES OF SPH STOCK ***