News headlines about Sprague Resources (NYSE:SRLP) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sprague Resources earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.5244875128906 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Sprague Resources (NYSE SRLP) traded up 2.57% during mid-day trading on Friday, reaching $25.95. 19,624 shares of the company traded hands. Sprague Resources has a one year low of $22.50 and a one year high of $30.75. The firm has a market cap of $584.99 million, a PE ratio of 12.94 and a beta of 1.38. The stock’s 50-day moving average price is $25.28 and its 200-day moving average price is $26.51.
Sprague Resources (NYSE:SRLP) last released its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) EPS 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 business had revenue of $513.63 million for the quarter, compared to the consensus estimate of $529.66 million. Analysts forecast that Sprague Resources will post $4.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.6225 per share. This represents a $2.49 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Friday, November 3rd. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.61. Sprague Resources’s payout ratio is presently 119.70%.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Sprague Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Sprague Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.
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About Sprague Resources
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