Sprague Resources (NYSE:SRLP) issued its quarterly earnings results on Wednesday. The oil and gas company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($1.89), Bloomberg Earnings reports. Sprague Resources had a net margin of 1.50% and a return on equity of 24.89%.
Shares of Sprague Resources (NYSE SRLP) traded down $1.05 on Wednesday, reaching $25.80. The company had a trading volume of 28,556 shares, compared to its average volume of 26,722. The stock has a market cap of $585.25, a PE ratio of 14.50 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.16. Sprague Resources has a twelve month low of $22.95 and a twelve month high of $30.75.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Tuesday, February 6th were issued a dividend of $0.6375 per share. This is a boost from Sprague Resources’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, February 5th. This represents a $2.55 dividend on an annualized basis and a yield of 9.88%. Sprague Resources’s dividend payout ratio is 142.46%.
A number of brokerages have recently commented on SRLP. B. Riley reaffirmed a “buy” rating on shares of Sprague Resources in a research report on Wednesday. ValuEngine raised Sprague Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised Sprague Resources from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Sprague Resources has an average rating of “Buy” and an average price target of $31.67.
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About Sprague Resources
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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