Sprague Resources (SRLP) Getting Somewhat Favorable Press Coverage, Report Shows

Media headlines about Sprague Resources (NYSE:SRLP) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sprague Resources earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.1509072852805 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research firms have commented on SRLP. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut Sprague Resources from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd.

Sprague Resources (NYSE:SRLP) traded up $0.15 during trading hours on Friday, reaching $23.35. The company’s stock had a trading volume of 24,200 shares, compared to its average volume of 38,535. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. Sprague Resources has a one year low of $22.95 and a one year high of $30.75. The firm has a market capitalization of $523.23, a PE ratio of 12.96 and a beta of 1.33.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were paid a dividend of $0.6225 per share. This represents a $2.49 dividend on an annualized basis and a yield of 10.66%. This is a boost from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, November 3rd. Sprague Resources’s dividend payout ratio is 139.11%.

TRADEMARK VIOLATION WARNING: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/12/08/sprague-resources-srlp-getting-somewhat-favorable-press-coverage-report-shows.html.

Sprague Resources Company Profile

Insider Buying and Selling by Quarter for Sprague Resources (NYSE:SRLP)

Receive News & Ratings for Sprague Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply