Crossamerica Partners (CAPL) Hits New 12-Month Low at $14.75

Crossamerica Partners LP (NYSE:CAPL) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.75 and last traded at $15.05, with a volume of 47492 shares trading hands. The stock had previously closed at $15.38.

A number of research analysts have issued reports on the company. ValuEngine upgraded Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Crossamerica Partners from a “strong sell” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, October 9th. B. Riley set a $25.00 target price on Crossamerica Partners and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Wells Fargo & Co lifted their target price on Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.20.

The company has a debt-to-equity ratio of 4.60, a current ratio of 0.71 and a quick ratio of 0.55. The stock has a market cap of $529.75 million, a PE ratio of -187.63, a PEG ratio of 13.45 and a beta of 1.23.

Crossamerica Partners (NYSE:CAPL) last released its earnings results on Tuesday, November 6th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.14. Crossamerica Partners had a return on equity of 4.95% and a net margin of 0.71%. The firm had revenue of $670.81 million for the quarter, compared to analysts’ expectations of $707.98 million. As a group, equities analysts expect that Crossamerica Partners LP will post 0.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date was Friday, November 2nd. Crossamerica Partners’s payout ratio is -2,625.00%.

Several hedge funds have recently made changes to their positions in CAPL. Valley National Advisers Inc. acquired a new stake in shares of Crossamerica Partners during the third quarter valued at about $136,000. Bank of Montreal Can acquired a new stake in shares of Crossamerica Partners during the second quarter valued at about $338,000. GSA Capital Partners LLP boosted its stake in shares of Crossamerica Partners by 174.7% during the third quarter. GSA Capital Partners LLP now owns 29,430 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 18,715 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its stake in shares of Crossamerica Partners by 9.4% during the second quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock valued at $1,173,000 after purchasing an additional 5,996 shares in the last quarter. Finally, Western Standard LLC acquired a new stake in shares of Crossamerica Partners during the second quarter valued at about $2,078,000. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

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About Crossamerica Partners (NYSE:CAPL)

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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