CrossAmerica Partners (CAPL) Receives Daily Media Sentiment Rating of 0.14
Headlines about CrossAmerica Partners (NYSE:CAPL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CrossAmerica Partners earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.6113611495846 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of CrossAmerica Partners (NYSE CAPL) opened at 26.48 on Thursday. CrossAmerica Partners has a one year low of $23.26 and a one year high of $29.80. The company’s market cap is $896.61 million. The firm has a 50-day moving average of $27.03 and a 200-day moving average of $26.00.
CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Monday, August 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. The firm had revenue of $528.79 million during the quarter, compared to analysts’ expectations of $596.92 million. Equities research analysts forecast that CrossAmerica Partners will post ($0.02) EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation cut shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $28.00 to $30.00 in a research report on Wednesday, July 26th. Raymond James Financial, Inc. lifted their target price on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.00.
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In related news, Director John B. Reilly III purchased 50,000 shares of CrossAmerica Partners stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $26.00 per share, with a total value of $1,300,000.00. Following the purchase, the director now directly owns 190,869 shares of the company’s stock, valued at approximately $4,962,594. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy Bergeron purchased 1,500 shares of CrossAmerica Partners stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $26.03 per share, for a total transaction of $39,045.00. Following the purchase, the insider now directly owns 11,061 shares in the company, valued at $287,917.83. The disclosure for this purchase can be found here. In the last three months, insiders bought 122,235 shares of company stock worth $3,257,064.
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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