Sprague Resources (NYSE:SRLP) issued its quarterly earnings data on Thursday. The oil and gas company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.58, Morningstar.com reports. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.13 billion. Sprague Resources had a return on equity of 17.62% and a net margin of 0.73%.
Shares of SRLP stock opened at $15.78 on Friday. The firm has a market cap of $358.74 million, a P/E ratio of 13.96 and a beta of 1.55. Sprague Resources has a twelve month low of $13.76 and a twelve month high of $28.00. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.05 and a current ratio of 1.85.
A number of brokerages recently weighed in on SRLP. ValuEngine lowered Sprague Resources from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Zacks Investment Research lowered Sprague Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 22nd. Three research analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.00.
Hedge funds have recently modified their holdings of the stock. Tortoise Index Solutions LLC grew its position in Sprague Resources by 101.7% during the 4th quarter. Tortoise Index Solutions LLC now owns 3,441 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 1,735 shares during the last quarter. Cardan Capital Partners LLC bought a new stake in Sprague Resources during the 3rd quarter worth $213,000. Fort Washington Investment Advisors Inc. OH grew its position in Sprague Resources by 29.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 14,894 shares of the oil and gas company’s stock worth $216,000 after acquiring an additional 3,400 shares during the last quarter. Barclays PLC grew its position in Sprague Resources by 100.6% during the 4th quarter. Barclays PLC now owns 16,315 shares of the oil and gas company’s stock worth $236,000 after acquiring an additional 8,181 shares during the last quarter. Finally, Raymond James & Associates grew its position in Sprague Resources by 10.3% during the 4th quarter. Raymond James & Associates now owns 29,886 shares of the oil and gas company’s stock worth $433,000 after acquiring an additional 2,792 shares during the last quarter. Institutional investors and hedge funds own 19.99% of the company’s stock.
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Sprague Resources Company Profile
Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.
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