Sprague Resources (SRLP) Set to Announce Earnings on Wednesday
Sprague Resources (NASDAQ:SRLP) is scheduled to be posting its quarterly earnings results on Wednesday, August 13th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Shares of Sprague Resources (NASDAQ:SRLP) opened at 24.80 on Tuesday. Sprague Resources has a one year low of $16.73 and a one year high of $27.30. The stock’s 50-day moving average is $24.74 and its 200-day moving average is $21.77. The company has a market cap of $500.2 million and a price-to-earnings ratio of 15.46.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.427 per share. This represents a $1.71 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Wednesday, August 6th. This is a boost from Sprague Resources’s previous quarterly dividend of $0.41.
A number of analysts have recently weighed in on SRLP shares. Analysts at Zacks downgraded shares of Sprague Resources from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $28.30 price target on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Sprague Resources from an “overweight” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $25.00 price target on the stock, up previously from $22.00. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.83.
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products.
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