Press coverage about Sprague Resources (NYSE:SRLP) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprague Resources earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.0265680775053 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Cash Dividend On The Way From Sprague Resources (nasdaq.com)
- Sprague Resources LP – Value Analysis (NYSE:SRLP) : October 31, 2017 (finance.yahoo.com)
- SRLP Crosses Above Key Moving Average Level (thestreet.com)
- Sprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : October 30, 2017 (finance.yahoo.com)
- Sprague Resources LP (SRLP) Set to Announce Earnings on Monday (americanbankingnews.com)
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.
Sprague Resources (NYSE:SRLP) traded down $0.08 during trading on Friday, hitting $25.45. 20,706 shares of the stock traded hands, compared to its average volume of 21,840. The firm has a market cap of $573.74, a PE ratio of 12.54 and a beta of 1.40.
Sprague Resources (NYSE:SRLP) last posted its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.40). Sprague Resources had a net margin of 1.77% and a return on equity of 29.64%. The firm had revenue of $513.63 million during the quarter, compared to analysts’ expectations of $529.66 million. sell-side analysts anticipate that Sprague Resources will post 4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be paid a $0.6225 dividend. This is a boost from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, November 3rd. This represents a $2.49 annualized dividend and a dividend yield of 9.78%. Sprague Resources’s dividend payout ratio is 119.70%.
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About Sprague Resources
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