Analysts forecast that Sprague Resources LP (NYSE:SRLP) will report $0.04 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Sprague Resources’ earnings. Sprague Resources posted earnings per share of ($0.44) in the same quarter last year, which suggests a positive year-over-year growth rate of 109.1%. The business is expected to issue its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Sprague Resources will report full year earnings of $4.25 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.50. For the next year, analysts expect that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.26 to $3.60. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Sprague Resources.

Sprague Resources (NYSE:SRLP) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

SRLP has been the topic of several recent analyst reports. 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 downgraded shares of Sprague Resources from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Sprague Resources presently has a consensus rating of “Buy” and an average price target of $31.67.

Sprague Resources (NYSE SRLP) traded down 2.13% during trading on Friday, hitting $25.30. 26,203 shares of the company’s stock were exchanged. The company has a market cap of $570.34 million, a price-to-earnings ratio of 12.87 and a beta of 1.39. Sprague Resources has a 52-week low of $22.50 and a 52-week high of $30.75. The firm has a 50 day moving average price of $27.41 and a 200 day moving average price of $27.07.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a $0.608 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.43 annualized dividend and a dividend yield of 9.41%. This is an increase from Sprague Resources’s previous quarterly dividend of $0.46. Sprague Resources’s dividend payout ratio is currently 119.70%.

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Several large investors have recently made changes to their positions in SRLP. First Trust Advisors LP purchased a new stake in shares of Sprague Resources during the second quarter valued at $9,192,000. Van ECK Associates Corp purchased a new stake in shares of Sprague Resources during the first quarter valued at $2,957,000. Doheny Asset Management CA increased its stake in shares of Sprague Resources by 3.2% in the first quarter. Doheny Asset Management CA now owns 64,950 shares of the oil and gas company’s stock valued at $1,760,000 after buying an additional 2,000 shares in the last quarter. Friedberg Investment Management increased its stake in shares of Sprague Resources by 597.3% in the second quarter. Friedberg Investment Management now owns 57,879 shares of the oil and gas company’s stock valued at $1,632,000 after buying an additional 49,579 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Sprague Resources by 11.3% in the first quarter. Renaissance Technologies LLC now owns 48,927 shares of the oil and gas company’s stock valued at $1,326,000 after buying an additional 4,963 shares in the last quarter. 25.86% of the stock is currently owned by institutional investors and hedge funds.

About Sprague Resources

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