Shares of Sprague Resources LP (NYSE:SRLP) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.00.

A number of research analysts have recently issued reports on SRLP shares. ValuEngine lowered Sprague Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. TheStreet raised Sprague Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th.

A number of hedge funds have recently made changes to their positions in SRLP. First Republic Investment Management Inc. grew its holdings in Sprague Resources by 197.1% during the second quarter. First Republic Investment Management Inc. now owns 37,370 shares of the oil and gas company’s stock worth $949,000 after acquiring an additional 24,791 shares during the period. Jane Street Group LLC acquired a new position in Sprague Resources during the second quarter worth $414,000. Kayne Anderson Capital Advisors LP grew its holdings in Sprague Resources by 1.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 843,254 shares of the oil and gas company’s stock worth $20,110,000 after acquiring an additional 14,200 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Sprague Resources during the second quarter worth $505,000. Finally, Nwam LLC acquired a new position in Sprague Resources during the second quarter worth $292,000. 20.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SRLP traded up $0.05 during trading on Friday, reaching $26.25. The company had a trading volume of 22,500 shares, compared to its average volume of 32,232. The firm has a market cap of $576.23 million, a P/E ratio of 23.32 and a beta of 1.33. Sprague Resources has a fifty-two week low of $21.80 and a fifty-two week high of $29.00.

Sprague Resources (NYSE:SRLP) last released its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.15). The company had revenue of $741.66 million during the quarter, compared to analyst estimates of $678.35 million. Sprague Resources had a net margin of 0.91% and a return on equity of 19.91%. analysts expect that Sprague Resources will post 3.57 earnings per share for the current fiscal year.

Sprague Resources Company Profile

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.

Recommended Story: What do investors mean by earnings per share?

Receive News & Ratings for Sprague Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources and related companies with MarketBeat.com's FREE daily email newsletter.