Sprague Resources - SRLP Stock Forecast, Price & News

Sprague Resources' stock was trading at $13.55 at the beginning of the year. Since then, SRLP stock has increased by 39.4% and is now trading at $18.89.
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Sprague Resources saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 38,000 shares, an increase of 140.5% from the June 15th total of 15,800 shares. Based on an average daily volume of 48,600 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.
View Sprague Resources' Short Interest.

Sprague Resources is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SRLP earnings forecast.

Sprague Resources LP (NYSE:SRLP) released its quarterly earnings data on Thursday, May, 6th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $1.27. The oil and gas company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $697.20 million. Sprague Resources had a negative trailing twelve-month return on equity of 66.70% and a negative net margin of 2.03%.

Sprague Resources declared a quarterly dividend on Monday, July 25th. Stockholders of record on Friday, August 5th will be given a dividend of $0.434 per share on Wednesday, August 10th. This represents a $1.74 annualized dividend and a dividend yield of 9.19%. The ex-dividend date is Thursday, August 4th.
Read our dividend analysis for SRLP.

Sprague Resources (NYSE:SRLP) pays an annual dividend of $1.74 per share and currently has a dividend yield of 9.24%. SRLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SRLP.

18 employees have rated Sprague Resources Chief Executive Officer Dave Glendon on Glassdoor.com. Dave Glendon has an approval rating of 92% among the company's employees. This puts Dave Glendon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sprague Resources investors own include Energy Transfer (ET), NGL Energy Partners (NGL), AT&T (T), Enterprise Products Partners (EPD), New Residential Investment (NRZ), Höegh LNG Partners (HMLP), Alliance Resource Partners (ARLP), AGNC Investment (AGNC), Chimera Investment (CIM) and Annaly Capital Management (NLY).

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

Sprague Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Hartree Partners LP (13.30%), Janney Montgomery Scott LLC (0.18%), Cowen AND Company LLC (0.06%) and Charter Oak Capital Management LLC (0.02%). Insiders that own company stock include Ben J Hennelly, Beth A Bowman, Brian W Weego, Brian W Weego, David C Glendon, David C Long, Paul A Scoff and Sprague Resources Holdings Llc.
View institutional ownership trends.

Shares of SRLP 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 SRLP stock can currently be purchased for approximately $18.89.

Sprague Resources (NYSE:SRLP) has a market capitalization of $495.58 million and generates $3.50 billion in revenue each year. The oil and gas company earns $-68,920,000.00 in net income (profit) each year or ($3.80) on an earnings per share basis.

Sprague Resources employs 757 workers across the globe.

Sprague Resources' mailing address is 185 INTERNATIONAL DRIVE, PORTSMOUTH NH, 03801. The official website for the company is www.spragueenergy.com. The oil and gas company can be reached via phone at (800) 225-1560, via email at investorrelations@spragueenergy.com, or via fax at 302-655-5049.