Somewhat Negative Press Coverage Somewhat Unlikely to Impact Sprague Resources (SRLP) Stock Price
News headlines about Sprague Resources (NYSE:SRLP) have trended somewhat negative on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sprague Resources earned a news impact score of 0.00 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.8376380682487 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Sprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : July 18, 2017 (finance.yahoo.com)
- BidaskClub Lowers Sprague Resources LP (NYSE:SRLP) to Sell (americanbankingnews.com)
- Sprague Resources (NYSE:SRLP) vs. CVR Refining, (CVRR) Critical Survey (americanbankingnews.com)
- Sprague Resources LP (NYSE:SRLP) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
SRLP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Sprague Resources from a “strong sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Tuesday, May 9th. BidaskClub lowered shares of Sprague Resources from a “hold” rating to a “sell” rating in a report on Sunday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.67.
Shares of Sprague Resources (SRLP) traded up 1.23% during trading on Wednesday, reaching $27.99. 8,125 shares of the company’s stock were exchanged. Sprague Resources has a 52-week low of $22.50 and a 52-week high of $30.75. The company has a 50 day moving average of $27.59 and a 200 day moving average of $27.09. The firm has a market capitalization of $630.98 million, a P/E ratio of 14.24 and a beta of 1.41.
Sprague Resources (NYSE:SRLP) last announced its quarterly earnings results on Monday, May 8th. The oil and gas company reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $1.55. Sprague Resources had a net margin of 1.72% and a return on equity of 29.85%. The company had revenue of $917.81 million for the quarter, compared to analyst estimates of $791.49 million. Equities analysts anticipate that Sprague Resources will post $4.46 earnings per share for the current fiscal year.
In related news, Director Ben J. Hennelly sold 2,456 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $26.94, for a total value of $66,164.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
ILLEGAL ACTIVITY NOTICE: “Somewhat Negative Press Coverage Somewhat Unlikely to Impact Sprague Resources (SRLP) Stock Price” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/07/19/somewhat-negative-press-coverage-somewhat-unlikely-to-impact-sprague-resources-srlp-stock-price.html.
Sprague Resources Company Profile
Receive News & Stock Ratings for Sprague Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources LP and related stocks with our FREE daily email newsletter.