Crossamerica Partners (CAPL) Getting Favorable Press Coverage, Study Shows
News stories about Crossamerica Partners (NYSE:CAPL) have been trending positive recently, according to AlphaOne. The research firm, a service of Accern, scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crossamerica Partners earned a news sentiment score of 0.38 on AlphaOne’s scale. AlphaOne also assigned news headlines about the oil and gas company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Several analysts have commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $27.00 price objective on shares of Crossamerica Partners in a research note on Thursday, April 13th. Zacks Investment Research downgraded Crossamerica Partners from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Crossamerica Partners in a research note on Wednesday, March 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Crossamerica Partners has an average rating of “Buy” and an average target price of $29.00.
Shares of Crossamerica Partners (NYSE CAPL) traded down 0.25% during trading on Friday, reaching $24.35. 91,046 shares of the company’s stock were exchanged. The company has a market capitalization of $821.23 million, a PE ratio of 116.51 and a beta of 1.36. The company has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.64. Crossamerica Partners has a 52-week low of $22.60 and a 52-week high of $27.94.
Crossamerica Partners (NYSE:CAPL) last released its earnings results on Monday, May 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The company had revenue of $469.29 million for the quarter, compared to analyst estimates of $494.04 million. Crossamerica Partners had a net margin of 0.60% and a return on equity of 4.43%. On average, equities analysts forecast that Crossamerica Partners will post $0.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date was Thursday, May 4th. This is a positive change from Crossamerica Partners’s previous quarterly dividend of $0.51. Crossamerica Partners’s payout ratio is 875.00%.
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About Crossamerica Partners
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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