Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sprague Resources (NYSE:SRLP) Stock Price
Media headlines about Sprague Resources (NYSE:SRLP) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative 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 nearest to one being the most favorable. Sprague Resources earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.022783413386 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Sprague Resources (NYSE SRLP) traded down 0.74% during midday trading on Monday, reaching $26.95. The company’s stock had a trading volume of 19,203 shares. Sprague Resources has a 52 week low of $22.50 and a 52 week high of $30.75. The firm’s 50-day moving average price is $27.97 and its 200-day moving average price is $27.06. The stock has a market capitalization of $607.53 million, a PE ratio of 13.71 and a beta of 1.39.
Sprague Resources (NYSE:SRLP) last issued its quarterly earnings results on Monday, May 8th. The oil and gas company reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $1.55. Sprague Resources had a return on equity of 29.85% and a net margin of 1.72%. The company had revenue of $917.81 million for the quarter, compared to analyst estimates of $791.49 million. On average, analysts anticipate that Sprague Resources will post $4.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be given a $0.608 dividend. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.46. This represents a $2.43 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Thursday, August 3rd. Sprague Resources’s dividend payout ratio (DPR) is 125.26%.
Several equities research analysts have issued reports on SRLP shares. Zacks Investment Research raised Sprague Resources from a “strong sell” rating to a “hold” rating and set a $29.00 target price for the company in a research note on Tuesday, May 9th. BidaskClub raised Sprague Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.67.
WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sprague Resources (NYSE:SRLP) Stock Price” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/07/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-sprague-resources-nysesrlp-stock-price.html.
In related news, Director Ben J. Hennelly sold 2,456 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $26.94, for a total value of $66,164.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sprague Resources Company Profile
Receive News & Ratings for Sprague Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.