Sprague Resources LP (NYSE:SRLP) saw a significant growth in short interest in November. As of November 29th, there was short interest totalling 43,500 shares, a growth of 12.7% from the November 14th total of 38,600 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are short sold.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Sprague Resources from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Saturday, November 9th. ValuEngine cut shares of Sprague Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th.

SRLP traded up $0.04 on Friday, reaching $16.51. 33,655 shares of the company traded hands, compared to its average volume of 31,379. Sprague Resources has a one year low of $13.76 and a one year high of $20.54. The firm has a fifty day simple moving average of $16.85 and a two-hundred day simple moving average of $17.27. The company has a market cap of $376.48 million, a P/E ratio of 5.22 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.61 and a debt-to-equity ratio of 5.69.

Sprague Resources (NYSE:SRLP) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.06. Sprague Resources had a net margin of 1.50% and a return on equity of 42.63%. The company had revenue of $582.59 million during the quarter, compared to analyst estimates of $478.60 million. On average, equities analysts forecast that Sprague Resources will post 1.42 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SRLP. HM Payson & Co. bought a new stake in Sprague Resources during the 2nd quarter valued at about $27,000. Advisor Group Inc. bought a new stake in Sprague Resources during the 2nd quarter valued at about $33,000. Beaton Management Co. Inc. raised its holdings in shares of Sprague Resources by 11.5% in the 2nd quarter. Beaton Management Co. Inc. now owns 20,400 shares of the oil and gas company’s stock valued at $362,000 after purchasing an additional 2,100 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Sprague Resources by 8.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,690 shares of the oil and gas company’s stock valued at $491,000 after purchasing an additional 2,190 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Sprague Resources by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 47,381 shares of the oil and gas company’s stock valued at $839,000 after purchasing an additional 1,837 shares in the last quarter. Institutional investors own 15.91% of the company’s stock.

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.

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