Sprague Resources (NYSE:SRLP)‘s stock had its “buy” rating restated by B. Riley in a note issued to investors on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine raised shares of Sprague Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.67.
Shares of Sprague Resources (NYSE SRLP) traded down $0.90 during trading hours on Wednesday, hitting $25.95. 16,770 shares of the stock were exchanged, compared to its average volume of 26,657. Sprague Resources has a 1-year low of $22.95 and a 1-year high of $30.75. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $585.25, a PE ratio of 14.50 and a beta of 1.41.
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Sprague Resources Company Profile
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined products and natural gas, and provides storage and handling services for a range of materials. The Company operates through four segments: refined products, which purchases a range of refined products, such as heating oil, diesel fuel, residual fuel oil, asphalt, kerosene, jet fuel and gasoline from refining companies, trading organizations and producers; natural gas, which purchases natural gas from natural gas producers and trading companies, and sells and distributes natural gas to commercial and industrial customers in the Northeast and Mid-Atlantic United States; materials handling, which offloads, stores and prepares for delivery a range of customer-owned products, including asphalt, clay slurry, coal and heavy equipment, and other operations, which include the purchase and distribution of coal, certain commercial trucking activities and the heating equipment service business.
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