Sprague Resources (NYSE:SRLP) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Sprague Resources (NYSE:SRLP) released its quarterly earnings data on Thursday. The oil and gas company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.06, Fidelity Earnings reports. The business had revenue of $582.59 million for the quarter, compared to analyst estimates of $478.60 million. Sprague Resources had a return on equity of 32.23% and a net margin of 1.19%.

Sprague Resources stock opened at $17.46 on Friday. The stock’s 50 day moving average price is $17.52 and its 200 day moving average price is $17.67. The firm has a market capitalization of $395.50 million, a PE ratio of 5.53 and a beta of 1.52. The company has a debt-to-equity ratio of 4.50, a quick ratio of 1.37 and a current ratio of 2.03. Sprague Resources has a one year low of $13.76 and a one year high of $20.54.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, November 4th. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.65. This represents a $2.67 annualized dividend and a yield of 15.29%. Sprague Resources’s payout ratio is 84.49%.

Several equities analysts recently commented on SRLP shares. ValuEngine raised Sprague Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Sprague Resources from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock 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.

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Earnings History for Sprague Resources (NYSE:SRLP)

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