BidaskClub upgraded shares of Sprague Resources LP (NYSE:SRLP) from a sell rating to a hold rating in a report published on Friday.

Separately, Zacks Investment Research upgraded shares of Sprague Resources from a sell rating to a hold rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Sprague Resources presently has a consensus rating of Hold and an average price target of $33.00.

Shares of Sprague Resources (NYSE SRLP) opened at 25.45 on Friday. The company has a market cap of $573.72 million, a P/E ratio of 12.69 and a beta of 1.38. Sprague Resources has a 12 month low of $22.50 and a 12 month high of $30.75. The company’s 50 day moving average is $25.34 and its 200 day moving average is $26.63.

Sprague Resources (NYSE:SRLP) last posted its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.40). The firm had revenue of $513.63 million for the quarter, compared to the consensus estimate of $529.66 million. Sprague Resources had a return on equity of 29.64% and a net margin of 1.77%. On average, equities research analysts predict that Sprague Resources will post $4.00 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in Sprague Resources by 11.3% during the 1st quarter. Renaissance Technologies LLC now owns 48,927 shares of the oil and gas company’s stock valued at $1,326,000 after purchasing an additional 4,963 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Sprague Resources by 11.1% during the 1st quarter. Bank of New York Mellon Corp now owns 37,419 shares of the oil and gas company’s stock valued at $1,014,000 after purchasing an additional 3,736 shares in the last quarter. Friedberg Investment Management increased its stake in Sprague Resources by 597.3% during the 2nd quarter. Friedberg Investment Management now owns 57,879 shares of the oil and gas company’s stock valued at $1,632,000 after purchasing an additional 49,579 shares in the last quarter. Creative Planning increased its stake in Sprague Resources by 81.8% during the 2nd quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 2,056 shares in the last quarter. Finally, UBS Group AG increased its stake in Sprague Resources by 79.3% during the 1st quarter. UBS Group AG now owns 19,273 shares of the oil and gas company’s stock valued at $522,000 after purchasing an additional 8,523 shares in the last quarter. Institutional investors and hedge funds own 24.63% of the company’s stock.

About Sprague Resources

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