Sprague Resources LP Company Profile (NYSE:SRLP)

About Sprague Resources LP (NYSE:SRLP)

Sprague Resources LP logoSprague Resources LP is engaged in the purchase, storage, distribution and sale of refined products and natural gas, and provides storage and handling services for a range of materials. The Company operates through four segments: refined products, which purchases a range of refined products, such as heating oil, diesel fuel, residual fuel oil, asphalt, kerosene, jet fuel and gasoline from refining companies, trading organizations and producers; natural gas, which purchases natural gas from natural gas producers and trading companies, and sells and distributes natural gas to commercial and industrial customers in the Northeast and Mid-Atlantic United States; materials handling, which offloads, stores and prepares for delivery a range of customer-owned products, including asphalt, clay slurry, coal and heavy equipment, and other operations, which include the purchase and distribution of coal, certain commercial trucking activities and the heating equipment service business.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Refining & Marketing
  • Sub-Industry: N/A
  • Symbol: NYSE:SRLP
  • CUSIP: N/A
  • Web: www.spragueenergy.com
Capitalization:
  • Market Cap: $598.52 million
  • Outstanding Shares: 22,543,000
Average Prices:
  • 50 Day Moving Avg: $26.58
  • 200 Day Moving Avg: $26.44
  • 52 Week Range: $22.50 - $30.35
P/E:
  • Trailing P/E Ratio: 13.91
  • Foreward P/E Ratio: 8.14
  • P/E Growth: 0.08
Sales & Book Value:
  • Annual Revenue: $2.58 billion
  • Price / Sales: 0.23
  • Book Value: $8.23 per share
  • Price / Book: 3.23
Dividend:
  • Annual Dividend: $2.31
  • Dividend Yield: 8.7%
Profitability:
  • EBIDTA: $98.26 million
  • Net Margins: 1.71%
  • Return on Equity: 24.98%
  • Return on Assets: 4.39%
Debt:
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 1.48%
  • Quick Ratio: 0.76%
Misc:
  • Average Volume: 31,114 shs.
  • Beta: 1.45
  • Short Ratio: 0.68
 

Frequently Asked Questions for Sprague Resources LP (NYSE:SRLP)

What is Sprague Resources LP's stock symbol?

Sprague Resources LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRLP."

How often does Sprague Resources LP pay dividends? What is the dividend yield for Sprague Resources LP?

Sprague Resources LP announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 8th will be given a dividend of $0.5925 per share on Monday, May 15th. This represents a $2.37 annualized dividend and a yield of 8.93%. The ex-dividend date is Thursday, May 4th. This is a boost from Sprague Resources LP's previous quarterly dividend of $0.46. View Sprague Resources LP's Dividend History.

How were Sprague Resources LP's earnings last quarter?

Sprague Resources LP (NYSE:SRLP) announced its earnings results on Monday, May, 8th. The company reported $2.94 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.39 by $1.55. The firm earned $917.81 million during the quarter, compared to analyst estimates of $791.49 million. Sprague Resources LP had a return on equity of 24.98% and a net margin of 1.71%. View Sprague Resources LP's Earnings History.

Where is Sprague Resources LP's stock going? Where will Sprague Resources LP's stock price be in 2017?

2 analysts have issued 12-month price targets for Sprague Resources LP's stock. Their predictions range from $31.00 to $35.00. On average, they anticipate Sprague Resources LP's share price to reach $33.00 in the next twelve months. View Analyst Ratings for Sprague Resources LP.

Who are some of Sprague Resources LP's key competitors?

Who owns Sprague Resources LP stock?

Sprague Resources LP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include OppenheimerFunds Inc. (7.71%), Goldman Sachs Group Inc. (6.04%), Kayne Anderson Capital Advisors LP (3.79%), Spirit of America Management Corp NY (1.03%), Bank of America Corp DE (0.63%) and Van ECK Associates Corp (0.51%). Company insiders that own Sprague Resources LP stock include Ben J Hennelly and Paul A Scoff. View Institutional Ownership Trends for Sprague Resources LP.

Who sold Sprague Resources LP stock? Who is selling Sprague Resources LP stock?

Sprague Resources LP's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Morgan Stanley, Acadian Asset Management LLC, Kayne Anderson Capital Advisors LP, Bank of America Corp DE, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Janney Montgomery Scott LLC and OppenheimerFunds Inc.. Company insiders that have sold Sprague Resources LP stock in the last year include Ben J Hennelly and Paul A Scoff. View Insider Buying and Selling for Sprague Resources LP.

Who bought Sprague Resources LP stock? Who is buying Sprague Resources LP stock?

Sprague Resources LP's stock was bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Advantus Capital Management Inc, Fort Washington Investment Advisors Inc. OH, UBS Group AG, Friedberg Investment Management, Renaissance Technologies LLC, Bank of New York Mellon Corp and Spirit of America Management Corp NY. View Insider Buying and Selling for Sprague Resources LP.

How do I buy Sprague Resources LP stock?

Shares of Sprague Resources LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Sprague Resources LP stock cost?

One share of Sprague Resources LP stock can currently be purchased for approximately $26.55.

Analyst Ratings

Consensus Ratings for Sprague Resources LP (NYSE:SRLP) (?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $33.00 (24.29% upside)

Analysts' Ratings History for Sprague Resources LP (NYSE:SRLP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/20/2017Janney Montgomery ScottUpgradeNeutral -> Buy$28.00 -> $31.00LowView Rating Details
3/16/2017FBR & CoSet Price TargetBuy$35.00HighView Rating Details
2/17/2016Bank of America CorpDowngradeBuy -> NeutralN/AView Rating Details
1/4/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$25.00N/AView Rating Details
11/9/2015Barclays PLCBoost Price TargetEqual Weight$26.00 -> $28.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Sprague Resources LP (NYSE:SRLP)
Earnings by Quarter for Sprague Resources LP (NYSE:SRLP)
Earnings History by Quarter for Sprague Resources LP (NYSE:SRLP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017$1.39$2.94$791.49 million$917.81 millionViewListenView Earnings Details
11/7/2016Q3($0.02)($0.44)$653.20 million$422.80 millionViewListenView Earnings Details
8/5/2016Q2($0.22)($0.48)$711.00 million$477.50 millionViewListenView Earnings Details
5/6/2016Q1$2.35$1.38$1.18 billion$722.91 millionViewN/AView Earnings Details
3/10/2016Q4$0.81$1.32$1.04 billion$663.79 millionViewListenView Earnings Details
11/5/2015Q3($0.04)$0.39$907.52 million$558.02 millionViewListenView Earnings Details
8/6/2015Q215($0.12)($0.12)$824.42 million$661.70 millionViewListenView Earnings Details
5/7/2015Q1$1.75$2.06$1.85 billion$1.60 billionViewListenView Earnings Details
3/13/2015Q4$0.86$3.13$1.30 billion$1.20 billionViewListenView Earnings Details
11/12/2014Q3 14($0.09)($0.53)$793.29 million$728.82 millionViewListenView Earnings Details
8/13/2014Q214$0.02($0.47)$523.33 million$846.80 millionViewListenView Earnings Details
3/26/2014Q4 13$0.40($1.63)ViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Sprague Resources LP (NYSE:SRLP)
Current Year EPS Consensus Estimate: $3.68 EPS
Next Year EPS Consensus Estimate: $3.26 EPS

Dividends

Current Dividend Information for Sprague Resources LP (NYSE:SRLP)
Most Recent Dividend:5/15/2017
Annual Dividend:$2.31
Dividend Yield:8.70%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:129.78% (Trailing 12 Months of Earnings)
62.77% (Based on This Year's Estimates)
70.86% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Sprague Resources LP (NYSE:SRLP)

Dividend History by Quarter for Sprague Resources LP (NYSE:SRLP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/27/2017quarterly$0.599.28%5/4/20175/8/20175/15/2017
1/27/2017quarterly$0.588.37%2/6/20172/8/20172/14/2017
10/28/2016quarterly$0.569.09%11/4/201611/8/201611/14/2016
7/28/2016quarterly$0.558.77%8/4/20168/8/20168/12/2016
4/27/2016quarterly$0.539.23%5/5/20165/9/20165/13/2016
1/28/2016quarterly$0.529.92%2/5/20162/9/20162/12/2016
10/29/2015quarterly$0.508.29%11/6/201511/10/201511/13/2015
7/29/2015quarterly$0.497.96%8/6/20158/10/20158/14/2015
4/30/2015quarterly$0.477.37%5/7/20155/11/20155/15/2015
1/28/2015$0.462/5/20152/9/20152/13/2015
10/29/2014quarterly$0.447.55%11/6/201411/10/201411/14/2014
7/29/2014quarterly$0.436.71%8/6/20148/8/20148/14/2014
4/29/2014quarterly$0.417.6%5/7/20145/9/20145/15/2014
1/29/2014quarterly$0.282/6/20142/10/20142/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Sprague Resources LP (NYSE:SRLP)
Institutional Ownership Percentage: 52.61%
Insider Trades by Quarter for Sprague Resources LP (NYSE:SRLP)
Institutional Ownership by Quarter for Sprague Resources LP (NYSE:SRLP)
Insider Trades by Quarter for Sprague Resources LP (NYSE:SRLP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/17/2017Ben J. HennellyDirectorSell2,456$26.94$66,164.64View SEC Filing  
1/4/2017Paul A ScoffInsiderSell1,250$28.20$35,250.00View SEC Filing  
9/8/2016Paul A ScoffInsiderSell1,250$24.43$30,537.50View SEC Filing  
6/22/2016Paul A ScoffInsiderSell1,250$23.67$29,587.50View SEC Filing  
3/23/2015Brian W WeegoVPSell2,500$25.50$63,750.00View SEC Filing  
10/25/2013Brian W WeegoVPBuy2,500$17.92$44,800.00View SEC Filing  
10/25/2013Michael D MilliganDirectorBuy20,000$17.50$350,000.00View SEC Filing  
10/25/2013Paul A ScoffInsiderBuy1,100$17.64$19,404.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Sprague Resources LP (NYSE:SRLP)
Latest Headlines for Sprague Resources LP (NYSE:SRLP)
Source:
DateHeadline
americanbankingnews.com logoSprague Resources LP (SRLP) Director Ben J. Hennelly Sells 2,456 Shares
www.americanbankingnews.com - May 17 at 8:11 PM
finance.yahoo.com logoSprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : May 16, 2017
finance.yahoo.com - May 16 at 9:00 AM
americanbankingnews.com logo$467.99 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - May 12 at 3:24 PM
americanbankingnews.com logo Brokerages Anticipate Sprague Resources LP (SRLP) Will Announce Earnings of $0.17 Per Share
www.americanbankingnews.com - May 10 at 10:08 AM
americanbankingnews.com logoSprague Resources LP (SRLP) Releases Earnings Results
www.americanbankingnews.com - May 9 at 12:12 PM
americanbankingnews.com logoZacks Investment Research Upgrades Sprague Resources LP (SRLP) to "Hold"
www.americanbankingnews.com - May 9 at 11:00 AM
finance.yahoo.com logoEdited Transcript of SRLP earnings conference call or presentation 8-May-17 5:00pm GMT
finance.yahoo.com - May 9 at 10:22 AM
finance.yahoo.com logoSprague Resources LP Reports First Quarter 2017 Results
finance.yahoo.com - May 8 at 11:04 AM
marketbeat.com logoSprague Resources beats Street 1Q forecasts
marketbeat.com - May 8 at 6:25 AM
finance.yahoo.com logoSprague Resources LP : SRLP-US: Dividend Analysis : May 08th, 2017 (record date) : By the numbers : May 4, 2017
finance.yahoo.com - May 4 at 8:42 PM
americanbankingnews.com logoFavorable News Coverage Likely to Impact Sprague Resources (SRLP) Stock Price
www.americanbankingnews.com - April 28 at 5:12 PM
americanbankingnews.com logoSprague Resources LP (SRLP) Increases Dividend to $0.59 Per Share
www.americanbankingnews.com - April 28 at 5:04 PM
finance.yahoo.com logoSprague Resources LP Announces Twelfth Consecutive Increased Cash Distribution for the First Quarter of 2017 and Earnings Conference Call Schedule
finance.yahoo.com - April 27 at 6:08 AM
finance.yahoo.com logoSprague Resources LP – Value Analysis (NYSE:SRLP) : April 26, 2017
finance.yahoo.com - April 26 at 9:26 PM
finance.yahoo.com logoSprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : April 25, 2017
finance.yahoo.com - April 25 at 9:41 AM
americanbankingnews.com logo$782.97 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - April 21 at 2:42 PM
americanbankingnews.com logoSprague Resources LP (SRLP) Expected to Post Earnings of $1.34 Per Share
www.americanbankingnews.com - April 19 at 2:29 PM
finance.yahoo.com logoSprague Resources LP Announces the closing of Carbo’s Refined Products Terminals on Long Island
finance.yahoo.com - April 19 at 9:05 AM
americanbankingnews.com logoSprague Resources (SRLP) Receiving Positive Media Coverage, Study Finds
www.americanbankingnews.com - April 14 at 8:25 PM
finance.yahoo.com logoSprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : April 14, 2017
finance.yahoo.com - April 14 at 12:26 PM
americanbankingnews.com logoSprague Resources LP (SRLP) Rating Increased to Buy at Janney Montgomery Scott
www.americanbankingnews.com - March 24 at 9:23 AM
americanbankingnews.com logoSprague Resources LP (SRLP) Given a $35.00 Price Target at FBR & Co
www.americanbankingnews.com - March 22 at 8:42 AM
americanbankingnews.com logoZacks Investment Research Lowers Sprague Resources LP (SRLP) to Strong Sell
www.americanbankingnews.com - March 22 at 8:40 AM
americanbankingnews.com logoSprague Resources LP (SRLP) Stock Rating Upgraded by Janney Montgomery Scott
www.americanbankingnews.com - March 20 at 9:13 PM
streetinsider.com logoSprague Resources (SRLP) Acquires Two Refined Product Terminals in Long Island, NY for $70M - StreetInsider.com
www.streetinsider.com - March 18 at 1:03 AM
streetinsider.com logoSprague Resources (SRLP) Acquires Two Refined Product Terminals in Long Island, NY for $70M
www.streetinsider.com - March 16 at 8:37 PM
biz.yahoo.com logoSPRAGUE RESOURCES LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financ
us.rd.yahoo.com - March 16 at 8:37 PM
capitalcube.com logoSprague Resources LP :SRLP-US: Earnings Analysis: Q4, 2016 By the Numbers : March 16, 2017
us.rd.yahoo.com - March 16 at 8:37 PM
feeds.benzinga.com logoSprague Resources LP Announces Strategic Acquisition of Two Refined Product Terminals on Long Island
feeds.benzinga.com - March 16 at 7:45 AM
seekingalpha.com logoSprague Resources' (SRLP) CEO David Glendon on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 12 at 7:19 AM
baystreet.ca logoSprague Resources (SRLP) Gains Ahead of Earnings
www.baystreet.ca - March 11 at 1:29 AM
us.rd.yahoo.com logoSprague Resources LP Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - March 11 at 1:29 AM
sg.finance.yahoo.com logoSprague Resources reports 4Q loss
us.rd.yahoo.com - March 11 at 1:29 AM
finance.yahoo.com logoSprague Resources LP 2016 Form 10-K Now Available
finance.yahoo.com - March 11 at 1:29 AM
finance.yahoo.com logoEdited Transcript of SRLP earnings conference call or presentation 10-Mar-17 6:00pm GMT
finance.yahoo.com - March 11 at 1:29 AM
americanbankingnews.com logoSprague Resources LP (SRLP) Downgraded to “Hold” at Zacks Investment Research
www.americanbankingnews.com - March 10 at 11:03 AM
globenewswire.com logoSprague Resources LP Reports Fourth Quarter and Full Year 2016 Results - GlobeNewswire (press release)
globenewswire.com - March 10 at 8:03 AM
biz.yahoo.com logoQ4 2016 Sprague Resources LP Earnings Release - Before Market Open
biz.yahoo.com - March 10 at 8:03 AM
americanbankingnews.com logoSprague Resources LP (SRLP) to Release Earnings on Friday
www.americanbankingnews.com - March 9 at 7:36 AM
streetinsider.com logoSprague Resources (SRLP) Announces Conversion of 10.1M Subordinated Units to Common Units - StreetInsider.com
www.streetinsider.com - March 2 at 8:04 PM
finance.yahoo.com logoSprague Resources LP Announces Conversion of Subordinated Units to Common Units
finance.yahoo.com - February 28 at 11:48 AM
finance.yahoo.com logoReminder - Capital Link's 4th Annual Master Limited Partnership Investing Forum on Thursday, March 2, 2017 in New York City
finance.yahoo.com - February 22 at 10:00 AM
zacks.com logoNGL Energy (NGL) Prices Senior Notes Worth $500 Million
www.zacks.com - February 20 at 8:46 AM
finance.yahoo.com logoCan Whiting Petroleum (WLL) Pull a Surprise in Q4 Earnings?
finance.yahoo.com - February 16 at 7:46 PM
finance.yahoo.com logoSprague Resources LP Announces the Closing of Capital Terminal Company’s East Providence, RI Terminal For $23 Million
finance.yahoo.com - February 13 at 8:06 AM
seekingalpha.com logoAre 'Safe' Dividend Energy Dogs Real Or Imaginary? 18 Were Found For February
seekingalpha.com - February 12 at 7:54 PM
feeds.benzinga.com logoSprague Resources LP Announces the Closing of Two Strategic Acquisitions Totaling $37.3 Million
feeds.benzinga.com - February 6 at 7:43 AM
finance.yahoo.com logoSprague Resources: Is it a Good Choice for Value Investors?
finance.yahoo.com - February 2 at 4:33 AM
nasdaq.com logoSprague increases cash distribution from $0.5625 to $0.5775 per unit
www.nasdaq.com - January 28 at 6:44 AM
feeds.benzinga.com logoSprague Resources LP Announces Eleventh Consecutive Increased Cash Distribution for the Fourth Quarter of 2016 and Earnings Conference Call Schedule
feeds.benzinga.com - January 27 at 6:42 AM

Social

Chart

Sprague Resources LP (SRLP) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff