Brokerages expect Sprague Resources LP (NYSE:SRLP) to report $0.04 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sprague Resources’ earnings. Sprague Resources posted earnings per share of ($0.44) during the same quarter last year, which would indicate a positive year-over-year growth rate of 109.1%. The firm is expected to announce its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that Sprague Resources will report full year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.50. For the next fiscal year, analysts forecast that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.26 to $3.60. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Sprague Resources.

Sprague Resources (NYSE:SRLP) last announced its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.40. Sprague Resources had a return on equity of 29.64% and a net margin of 1.77%. The company had revenue of $513.63 million during the quarter, compared to the consensus estimate of $529.66 million.

Several analysts have recently commented on the stock. BidaskClub raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Sprague Resources from a “strong sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.67.

Shares of Sprague Resources (NYSE SRLP) remained flat at $26.65 during trading on Friday. The stock had a trading volume of 16,944 shares. The stock has a market cap of $600.77 million, a PE ratio of 13.56 and a beta of 1.39. Sprague Resources has a 52 week low of $22.50 and a 52 week high of $30.75. The company has a 50-day moving average price of $27.48 and a 200-day moving average price of $27.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were given a dividend of $0.608 per share. This is an increase from Sprague Resources’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.43 annualized dividend and a dividend yield of 9.13%. Sprague Resources’s dividend payout ratio (DPR) is 119.70%.

In other news, Director Ben J. Hennelly sold 2,456 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $26.94, for a total transaction of $66,164.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have recently bought and sold shares of SRLP. Acrospire Investment Management LLC increased its stake in Sprague Resources by 116.0% in the first quarter. Acrospire Investment Management LLC now owns 3,905 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 2,097 shares during the last quarter. Creative Planning increased its stake in Sprague Resources by 81.8% in the second quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 2,056 shares during the last quarter. Friedberg Investment Management acquired a new stake in Sprague Resources during the first quarter valued at about $224,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in Sprague Resources during the first quarter valued at about $245,000. Finally, Virtu KCG Holdings LLC acquired a new stake in Sprague Resources during the second quarter valued at about $255,000. 24.41% of the stock is owned by institutional investors and hedge funds.

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