CrossAmerica Partners (CAPL) Earning Somewhat Positive News Coverage, Report Shows

Headlines about CrossAmerica Partners (NYSE:CAPL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CrossAmerica Partners earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.2725037451674 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

CrossAmerica Partners (NYSE CAPL) opened at $24.23 on Friday. CrossAmerica Partners has a 12-month low of $23.26 and a 12-month high of $29.80. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.57 and a current ratio of 0.70. The company has a market cap of $823.46, a price-to-earnings ratio of 110.14, a PEG ratio of 363.46 and a beta of 1.28.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.6275 per share. This is a boost from CrossAmerica Partners’s previous quarterly dividend of $0.62. This represents a $2.51 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date was Friday, November 3rd. CrossAmerica Partners’s payout ratio is presently -25,100,000.00%.

A number of research analysts have recently commented on CAPL shares. BidaskClub raised shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada reduced their target price on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. CrossAmerica Partners currently has a consensus rating of “Hold” and a consensus target price of $29.00.

In related news, Director Joseph V. Jr. Topper purchased 39,057 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $27.52 per share, with a total value of $1,074,848.64. Following the completion of the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at approximately $4,500,730.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph V. Jr. Topper purchased 15,913 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of $26.87 per share, for a total transaction of $427,582.31. Following the completion of the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at $4,394,427.28. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 64,670 shares of company stock worth $1,759,355.

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About CrossAmerica Partners

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

Insider Buying and Selling by Quarter for CrossAmerica Partners (NYSE:CAPL)

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