CrossAmerica Partners (CAPL) Getting Somewhat Favorable Press Coverage, Report Finds
Headlines about CrossAmerica Partners (NYSE:CAPL) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CrossAmerica Partners earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3282337194593 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- $0.08 Earnings Per Share Expected for CrossAmerica Partners LP (CAPL) This Quarter (americanbankingnews.com)
- Critical Survey: CrossAmerica Partners (NYSE:CAPL) & World Fuel Services Corporation (INT) (americanbankingnews.com)
- Singapore Property Market Is ‘Bottoming Out,’ Says Biggest Developer’s CEO (finance.yahoo.com)
- CST Brands, Inc. — Moody’s Withdraws CST Brands Ratings (finance.yahoo.com)
CrossAmerica Partners (NYSE CAPL) traded down 1.30% during trading on Monday, hitting $25.89. The stock had a trading volume of 25,037 shares. The firm has a market cap of $873.17 million, a P/E ratio of 123.88 and a beta of 1.34. CrossAmerica Partners has a 52-week low of $23.01 and a 52-week high of $29.80. The company has a 50-day moving average of $26.17 and a 200 day moving average of $25.67.
CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $469.29 million for the quarter, compared to the consensus estimate of $494.04 million. CrossAmerica Partners had a net margin of 0.44% and a return on equity of 3.91%. On average, equities research analysts predict that CrossAmerica Partners will post $0.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.6225 per share. The ex-dividend date is Thursday, August 3rd. This is a boost from CrossAmerica Partners’s previous quarterly dividend of $0.51. This represents a $2.49 dividend on an annualized basis and a yield of 9.49%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 1,245.06%.
Several equities analysts recently commented on the company. Zacks Investment Research cut CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub cut CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. boosted their target price on CrossAmerica Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Bank of America Corporation cut CrossAmerica Partners from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $30.00 in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $27.00 target price on shares of CrossAmerica Partners in a research report on Thursday, April 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CrossAmerica Partners has an average rating of “Hold” and a consensus target price of $30.00.
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About CrossAmerica Partners
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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