Equities analysts forecast that Sprague Resources LP (NYSE:SRLP) will report sales of $890.77 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sprague Resources’ earnings. The lowest sales estimate is $843.98 million and the highest is $937.55 million. Sprague Resources reported sales of $766.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next earnings report on Friday, March 9th.

On average, analysts expect that Sprague Resources will report full-year sales of $890.77 million for the current year, with estimates ranging from $2.77 billion to $2.86 billion. For the next year, analysts forecast that the company will report sales of $3.27 billion per share, with estimates ranging from $2.93 billion to $3.60 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sprague Resources.

SRLP has been the subject of several research analyst reports. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub lowered Sprague Resources from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd.

Several institutional investors have recently made changes to their positions in SRLP. Bank of New York Mellon Corp increased its holdings in shares of Sprague Resources by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 37,636 shares of the oil and gas company’s stock worth $1,061,000 after purchasing an additional 217 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Sprague Resources by 12.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 10,194 shares of the oil and gas company’s stock valued at $287,000 after acquiring an additional 1,158 shares during the last quarter. California Public Employees Retirement System grew its position in Sprague Resources by 3.0% in the second quarter. California Public Employees Retirement System now owns 44,300 shares of the oil and gas company’s stock valued at $1,249,000 after acquiring an additional 1,300 shares during the last quarter. Creative Planning grew its position 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 acquiring an additional 2,056 shares during the last quarter. Finally, Beaton Management Co. Inc. boosted its stake in shares of Sprague Resources by 23.3% during the third quarter. Beaton Management Co. Inc. now owns 13,750 shares of the oil and gas company’s stock valued at $338,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

Sprague Resources (NYSE SRLP) traded up $0.15 during midday trading on Thursday, reaching $23.35. The company’s stock had a trading volume of 24,253 shares, compared to its average volume of 38,535. Sprague Resources has a 1-year low of $22.95 and a 1-year high of $30.75. The company has a current ratio of 2.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26. The stock has a market cap of $528.65, a PE ratio of 13.46 and a beta of 1.33.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.6225 dividend. This represents a $2.49 annualized dividend and a dividend yield of 10.66%. This is an increase from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 3rd. Sprague Resources’s payout ratio is presently 139.11%.

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