B. Riley set a $29.00 price objective on Sprague Resources (NYSE:SRLP) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

A number of other analysts have also commented on SRLP. Zacks Investment Research lowered Sprague Resources from a hold rating to a sell rating in a report on Wednesday, August 23rd. BidaskClub raised Sprague Resources from a sell rating to a hold rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Sprague Resources presently has an average rating of Hold and a consensus price target of $31.67.

Shares of Sprague Resources (NYSE:SRLP) opened at $24.00 on Monday. The company has a market capitalization of $541.27, a price-to-earnings ratio of 13.41 and a beta of 1.33. Sprague Resources has a fifty-two week low of $22.95 and a fifty-two week high of $30.75. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26.

Several institutional investors have recently bought and sold shares of SRLP. First Trust Advisors LP bought a new stake in shares of Sprague Resources in the 2nd quarter worth $9,192,000. Friedberg Investment Management boosted its stake in shares of Sprague Resources by 597.3% in the 2nd quarter. Friedberg Investment Management now owns 57,879 shares of the oil and gas company’s stock worth $1,632,000 after buying an additional 49,579 shares during the last quarter. Advantus Capital Management Inc boosted its stake in shares of Sprague Resources by 41.2% in the 3rd quarter. Advantus Capital Management Inc now owns 62,340 shares of the oil and gas company’s stock worth $1,534,000 after buying an additional 18,200 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Sprague Resources by 1.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 826,554 shares of the oil and gas company’s stock worth $20,332,000 after buying an additional 15,000 shares during the last quarter. Finally, Beaton Management Co. Inc. purchased a new position in shares of Sprague Resources in the 2nd quarter worth $314,000. 22.29% of the stock is owned by institutional investors and hedge funds.

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Sprague Resources Company Profile

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