Press coverage about Sprague Resources (NYSE:SRLP) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sprague Resources earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Shares of Sprague Resources (NYSE:SRLP) traded up 0.36% on Monday, hitting $28.15. The company had a trading volume of 15,728 shares. The company has a market capitalization of $634.59 million, a price-to-earnings ratio of 14.32 and a beta of 1.41. Sprague Resources has a 52 week low of $22.50 and a 52 week high of $30.75. The stock’s 50-day moving average is $27.00 and its 200 day moving average is $26.95.
Sprague Resources (NYSE:SRLP) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $1.55. The business had revenue of $917.81 million during the quarter, compared to analysts’ expectations of $791.49 million. Sprague Resources had a return on equity of 29.85% and a net margin of 1.72%. Equities analysts expect that Sprague Resources will post $4.46 EPS for the current year.
A number of brokerages recently issued reports on SRLP. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Tuesday, May 9th. Janney Montgomery Scott upgraded Sprague Resources from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $31.00 in a research note on Monday, March 20th. Finally, FBR & Co set a $35.00 price objective on Sprague Resources and gave the company a “buy” rating in a research note on Thursday, March 16th.
In other news, Director Ben J. Hennelly sold 2,456 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $26.94, for a total value of $66,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
About Sprague Resources
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