Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Suburban Propane Partners LP before investing.

In this article, we go over a few key elements for understanding Suburban Propane Partners LP’s stock price such as:

• Suburban Propane Partners LP’s current stock price and volume
• Why Suburban Propane Partners LP’s stock price changed recently
• Upgrades and downgrades for SPH from analysts
• SPH’s stock price momentum as measured by its relative strength

About Suburban Propane Partners LP (SPH)

Before we jump into Suburban Propane Partners LP’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Suburban Propane Partners, L.P. is engaged in the retail marketing and distribution of propane, renewable propane, renewable natural gas (RNG), fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets and producer of and investor in low-carbon fuel alternatives. The Company operates through three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity. The Propane segment is primarily engaged in the retail distribution of propane to residential, commercial, industrial, and agricultural customers and, to a lesser extent, wholesale distribution to large industrial end users. The Fuel Oil and Refined Fuels segment is primarily engaged in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers. The Natural Gas and Electricity segment engaged in the marketing of natural gas and electricity to residential and commercial customers.

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Suburban Propane Partners LP’s Stock Price as of Market Close

As of March 14, 2024, 4:00 PM, CST, Suburban Propane Partners LP’s stock price was $19.69.

Suburban Propane Partners LP is down 5.7% from its previous closing price of $20.88.

During the last market session, Suburban Propane Partners LP’s stock traded between $20.81 and $21.25. Currently, there are 64.06 million shares of Suburban Propane Partners LP stock available for purchase.

Suburban Propane Partners LP’s price-earnings (P/E) ratio is currently at 13.1, which is high compared to the Oil & Gas - Refining and Marketing industry median of 12.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Suburban Propane Partners LP Stock Price History

Suburban Propane Partners LP’s (SPH) price is currently down 5.34% so far this month.

During the month of March, Suburban Propane Partners LP’s stock price has reached a high of $21.38 and a low of $19.57.

Over the last year, Suburban Propane Partners LP has hit prices as high as $22.33 and as low as $14.42. Year to date, Suburban Propane Partners LP’s stock is up 29.71%.

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What Caused Suburban Propane Partners LP Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 13, 2024, there were 0 analysts who downgraded Suburban Propane Partners LP’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Suburban Propane Partners LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Suburban Propane Partners LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Suburban Propane Partners LP’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Suburban Propane Partners LP (SPH) by visiting AAII Stock Evaluator.

Relative Price Strength of Suburban Propane Partners LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 13, 2024, Suburban Propane Partners LP has a weighted four-quarter relative price strength of 3.59%, which translates to a Momentum Score of 79 and is considered to be Strong.

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Suburban Propane Partners LP Stock Price: Bottom Line

As of March 14, 2024, Suburban Propane Partners LP’s stock price is $19.69, which is down 5.7% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Suburban Propane Partners LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.