Sprague Resources (SRLP) Getting Somewhat Favorable Media Coverage, Report Shows
News coverage about Sprague Resources (NYSE:SRLP) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sprague Resources earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.8059286765596 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Sprague Resources (NYSE:SRLP) traded down 0.20% during mid-day trading on Friday, reaching $24.60. The company’s stock had a trading volume of 27,498 shares. The firm has a market cap of $554.56 million, a PE ratio of 12.26 and a beta of 1.40. Sprague Resources has a 12-month low of $22.50 and a 12-month high of $30.75. The company has a 50-day moving average price of $26.12 and a 200-day moving average price of $26.82.
Sprague Resources (NYSE:SRLP) last released its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.40). The firm had revenue of $513.63 million for the quarter, compared to the consensus estimate of $529.66 million. Sprague Resources had a net margin of 1.77% and a return on equity of 29.64%. On average, equities research analysts expect that Sprague Resources will post $4.00 earnings per share for the current year.
A number of brokerages recently commented on SRLP. BidaskClub raised Sprague Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Sprague Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.67.
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About Sprague Resources
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