Sprague Resources (NYSE:SRLP) posted its quarterly earnings results on Wednesday. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.14, Morningstar.com reports. Sprague Resources had a net margin of 1.19% and a return on equity of 31.42%. The company had revenue of $662.02 million during the quarter, compared to the consensus estimate of $656.16 million.
Shares of Sprague Resources stock traded down $0.03 during trading on Friday, hitting $17.31. 79,402 shares of the company were exchanged, compared to its average volume of 45,257. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.64 and a quick ratio of 1.04. Sprague Resources has a fifty-two week low of $13.76 and a fifty-two week high of $28.00. The stock has a market cap of $392.84 million, a PE ratio of 5.48 and a beta of 1.46. The stock has a 50 day moving average of $18.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be given a dividend of $0.668 per share. This is an increase from Sprague Resources’s previous quarterly dividend of $0.65. This represents a $2.67 annualized dividend and a dividend yield of 15.44%. The ex-dividend date is Friday, August 2nd. Sprague Resources’s payout ratio is currently 84.49%.
A number of equities research analysts have recently issued reports on SRLP shares. ValuEngine downgraded shares of Sprague Resources from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Raymond James downgraded shares of Sprague Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Sprague Resources from a “buy” rating to a “hold” rating in a research report on Saturday.
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.
Further Reading: 52-Week High/Low
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