Somewhat Positive News Coverage Somewhat Unlikely to Impact Sprague Resources (SRLP) Share Price
Media headlines about Sprague Resources (NYSE:SRLP) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprague Resources earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.7170451597947 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Sprague Resources LP Announces the closing of Coen Energy (feeds.benzinga.com)
- Critical Review: Phillips 66 (PSX) vs. Sprague Resources (SRLP) (americanbankingnews.com)
- Head to Head Comparison: Clean Energy Fuels Corp. (CLNE) & Sprague Resources (SRLP) (americanbankingnews.com)
- Sprague Resources (SRLP) and Its Rivals Critical Contrast (americanbankingnews.com)
A number of equities analysts recently weighed in on SRLP shares. Zacks Investment Research cut Sprague Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub cut Sprague Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Sprague Resources has a consensus rating of “Hold” and an average price target of $33.00.
Shares of Sprague Resources (NYSE SRLP) traded down 1.94% during trading on Friday, hitting $25.30. The company had a trading volume of 11,666 shares. The firm’s 50 day moving average is $25.38 and its 200-day moving average is $26.67. Sprague Resources has a 52 week low of $22.50 and a 52 week high of $30.75. The stock has a market capitalization of $570.34 million, a P/E ratio of 12.61 and a beta of 1.38.
Sprague Resources (NYSE:SRLP) last announced its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) 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 for the quarter, compared to the consensus estimate of $529.66 million. Equities research analysts anticipate that Sprague Resources will post $4.00 EPS for the current fiscal year.
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