Brokerages Set Crossamerica Partners LP (CAPL) PT at $25.00

Crossamerica Partners LP (NYSE:CAPL) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

CAPL has been the subject of a number of recent analyst reports. Wells Fargo & Co lifted their price objective on shares of Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, August 14th. ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Crossamerica Partners from a “strong sell” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, October 9th. Finally, B. Riley set a $25.00 price objective on shares of Crossamerica Partners and gave the company a “buy” rating in a report on Wednesday, August 15th.

CAPL traded up $0.10 on Tuesday, reaching $16.17. The stock had a trading volume of 24,733 shares, compared to its average volume of 52,141. Crossamerica Partners has a 12-month low of $15.31 and a 12-month high of $25.54. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.61 and a current ratio of 0.77. The stock has a market capitalization of $532.34 million, a price-to-earnings ratio of -202.07 and a beta of 1.23.

Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14. Crossamerica Partners had a net margin of 0.66% and a return on equity of 3.27%. The company had revenue of $670.81 million during the quarter, compared to analysts’ expectations of $707.98 million.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th will be issued a $0.525 dividend. The ex-dividend date is Friday, November 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 12.99%. Crossamerica Partners’s payout ratio is -2,625.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. increased its stake in shares of Crossamerica Partners by 10.6% during the second quarter. OppenheimerFunds Inc. now owns 4,185,017 shares of the oil and gas company’s stock worth $70,643,000 after purchasing an additional 401,575 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Crossamerica Partners during the second quarter worth about $5,916,000. Mutual of America Capital Management LLC increased its stake in shares of Crossamerica Partners by 9.8% during the second quarter. Mutual of America Capital Management LLC now owns 168,097 shares of the oil and gas company’s stock worth $2,837,000 after purchasing an additional 15,005 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Crossamerica Partners by 10.9% during the second quarter. Van ECK Associates Corp now owns 136,332 shares of the oil and gas company’s stock worth $2,301,000 after purchasing an additional 13,373 shares in the last quarter. Finally, Western Standard LLC purchased a new stake in shares of Crossamerica Partners during the second quarter worth about $2,078,000. 32.69% of the stock is owned by institutional investors.

About Crossamerica Partners

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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Analyst Recommendations for Crossamerica Partners (NYSE:CAPL)

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