CrossAmerica Partners (CAPL) Stock Forecast, Price & News

CrossAmerica Partners' stock was trading at $19.83 at the beginning of 2023. Since then, CAPL shares have increased by 4.6% and is now trading at $20.74.
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CrossAmerica Partners saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 63,100 shares, an increase of 9.0% from the August 31st total of 57,900 shares. Based on an average daily volume of 33,300 shares, the short-interest ratio is presently 1.9 days. Approximately 0.4% of the shares of the company are short sold.
View CrossAmerica Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our CAPL earnings forecast.

CrossAmerica Partners LP (NYSE:CAPL) posted its quarterly earnings data on Monday, August, 7th. The oil and gas company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.21. The oil and gas company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.20 billion. CrossAmerica Partners had a trailing twelve-month return on equity of 117.11% and a net margin of 1.24%.

CrossAmerica Partners announced a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, August 4th will be given a dividend of $0.525 per share on Friday, August 11th. This represents a $2.10 annualized dividend and a yield of 10.13%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for CAPL.

ETFs with the largest weight of CrossAmerica Partners (NYSE:CAPL) stock in their portfolio include Global SuperDividend US ETF (DIV), Multi-Asset Diversified Income Index Fund (MDIV) and Tortoise North American Pipeline Fund (TPYP) and

CrossAmerica Partners (NYSE:CAPL) pays an annual dividend of $2.10 per share and currently has a dividend yield of 9.68%. CAPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 143.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CAPL will have a dividend payout ratio of 262.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CAPL.

Based on aggregate information from My MarketBeat watchlists, some companies that other CrossAmerica Partners investors own include Abiomed (ABMD), Energy Transfer (ET), bluebird bio (BLUE), Enterprise Products Partners (EPD), NXP Semiconductors (NXPI), Bank of America (BAC), New Residential Investment (NRZ), AT&T (T), Monroe Capital (MRCC) and NGL Energy Partners (NGL).

CrossAmerica Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAPL."

Shares of CAPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAPL stock can currently be purchased for approximately $20.74.

CrossAmerica Partners (NYSE:CAPL) has a market capitalization of $787.50 million and generates $4.97 billion in revenue each year. The oil and gas company earns $63.70 million in net income (profit) each year or $1.46 on an earnings per share basis.

The company employs 2,020 workers across the globe.

CrossAmerica Partners' mailing address is 600 HAMILTON STREET SUITE 500, ALLENTOWN PA, 18101. The official website for the company is www.crossamericapartners.com. The oil and gas company can be reached via phone at (610) 625-8000, via email at info@caplp.com, or via fax at 610-776-6270.