News coverage about Sprague Resources (NYSE:SRLP) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprague Resources earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 47.1253340727335 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of research firms have recently weighed in on SRLP. TheStreet raised Sprague Resources from a “c+” rating to a “b” rating in a report on Tuesday, July 17th. Zacks Investment Research raised Sprague Resources from a “strong sell” rating to a “hold” rating in a report on Saturday, May 12th. Finally, ValuEngine raised Sprague Resources from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Sprague Resources presently has a consensus rating of “Hold” and an average target price of $27.00.

Shares of SRLP traded down $0.25 during mid-day trading on Friday, reaching $24.80. 24,937 shares of the company’s stock traded hands, compared to its average volume of 22,619. The stock has a market cap of $557.06 million, a PE ratio of 21.95 and a beta of 1.34. Sprague Resources has a 12 month low of $21.80 and a 12 month high of $29.00.

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

The company also recently announced a quarterly dividend, which was paid on Friday, August 10th. Investors of record on Monday, August 6th were issued a dividend of $0.668 per share. This is a boost from Sprague Resources’s previous quarterly dividend of $0.65. The ex-dividend date was Friday, August 3rd. This represents a $2.67 annualized dividend and a yield of 10.77%. Sprague Resources’s payout ratio is presently 236.28%.

About Sprague Resources

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.

See Also: Trading Strategy Methods for Individual Investors

Insider Buying and Selling by Quarter for Sprague Resources (NYSE:SRLP)

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.