Sprague Resources (SRLP) Receiving Somewhat Favorable Press Coverage, Study Finds
Media coverage about Sprague Resources (NYSE:SRLP) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sprague Resources earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.8241716245024 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Sprague Resources LP (SRLP) Plans Dividend Increase – $0.64 Per Share (americanbankingnews.com)
- Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2017 and Earnings Conference Call Schedule NYSE:SRLP (menafn.com)
- Sprague Resources LP (SRLP) Expected to Post Quarterly Sales of $916.30 Million (americanbankingnews.com)
Sprague Resources (NYSE:SRLP) traded up $0.30 during trading hours on Monday, hitting $26.75. 40,411 shares of the stock were exchanged, compared to its average volume of 21,174. Sprague Resources has a twelve month low of $22.95 and a twelve month high of $30.75. The company has a market cap of $603.04, a PE ratio of 14.94 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, February 6th will be issued a $0.6375 dividend. This is a boost from Sprague Resources’s previous quarterly dividend of $0.62. This represents a $2.55 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date of this dividend is Monday, February 5th. Sprague Resources’s dividend payout ratio (DPR) is currently 139.11%.
SRLP has been the topic of a number of research reports. B. Riley set a $29.00 target price on shares of Sprague Resources and gave the company a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research downgraded shares of Sprague Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Finally, BidaskClub raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.67.
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Sprague Resources Company Profile
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined products and natural gas, and provides storage and handling services for a range of materials. The Company operates through four segments: refined products, which purchases a range of refined products, such as heating oil, diesel fuel, residual fuel oil, asphalt, kerosene, jet fuel and gasoline from refining companies, trading organizations and producers; natural gas, which purchases natural gas from natural gas producers and trading companies, and sells and distributes natural gas to commercial and industrial customers in the Northeast and Mid-Atlantic United States; materials handling, which offloads, stores and prepares for delivery a range of customer-owned products, including asphalt, clay slurry, coal and heavy equipment, and other operations, which include the purchase and distribution of coal, certain commercial trucking activities and the heating equipment service business.
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