Sprague Resources (NYSE:SRLP) released its quarterly earnings data on Thursday. The oil and gas company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.58, Morningstar.com reports. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sprague Resources had a return on equity of 17.62% and a net margin of 0.73%.
Shares of NYSE SRLP traded up $0.27 during midday trading on Friday, hitting $17.00. 2,500 shares of the stock traded hands, compared to its average volume of 47,220. The company has a market cap of $380.34 million, a price-to-earnings ratio of 15.04 and a beta of 1.55. Sprague Resources has a one year low of $13.76 and a one year high of $28.00. The company has a quick ratio of 1.05, a current ratio of 1.85 and a debt-to-equity ratio of 4.62.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Stockholders of record on Friday, February 8th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.67 annualized dividend and a dividend yield of 15.71%. Sprague Resources’s dividend payout ratio is 236.28%.
Several research firms have recently commented on SRLP. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded Sprague Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. Three equities research analysts have rated the stock with a sell rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.00.
About Sprague Resources
Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.
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