Sprague 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 and Marketing - NEC
- Sub-Industry: N/A
- Symbol: NYSE:SRLP
- CUSIP: N/A
- Web: www.spragueenergy.com
Capitalization:- Market Cap: $579.37 million
- Outstanding Shares: 22,543,000
Average Prices:- 50 Day Moving Avg: $27.29
- 200 Day Moving Avg: $27.06
- 52 Week Range: $22.50 - $30.75
P/E:- Trailing P/E Ratio: 12.81
- Foreward P/E Ratio: 7.74
- P/E Growth: 0.07
Sales & Book Value:- Annual Revenue: $2.62 billion
- Price / Sales: 0.22
- Book Value: $8.29 per share
- Price / Book: 3.15
Dividend:- Annual Dividend: $2.43
- Dividend Yield: 9.5%
Profitability:- EBIDTA: $105.38 million
- Net Margins: 1.77%
- Return on Equity: 29.64%
- Return on Assets: 4.95%
Debt:- Current Ratio: 2.09%
- Quick Ratio: 1.20%
Misc:- Average Volume: 44,417 shs.
- Beta: 1.39
- Short Ratio: 1.18
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 declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be given a dividend of $0.608 per share on Friday, August 11th. This represents a $2.43 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Thursday, August 3rd. 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) released its earnings results on Wednesday, August, 9th. The company reported ($0.39) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.40. The firm earned $513.63 million during the quarter, compared to the consensus estimate of $529.66 million. Sprague Resources LP had a net margin of 1.77% and a return on equity of 29.64%. View Sprague Resources LP's Earnings History.
When will Sprague Resources LP make its next earnings announcement?
Where is Sprague Resources LP's stock going? Where will Sprague Resources LP's stock price be in 2017?
2 analysts have issued 1-year price objectives for Sprague Resources LP's shares. Their predictions range from $31.00 to $35.00. On average, they anticipate Sprague Resources LP's stock 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?
Some companies that are related to Sprague Resources LP include Rowan Companies PLC (RDC), Wildhorse Resource Development Corporation (WRD), SolarEdge Technologies (SEDG), NGL ENERGY PARTNERS LP (NGL), Carrizo Oil & Gas (CRZO), Oil States International (OIS), CVR Refining, LP (CVRR), TIDEWATER INC (TDW), Forum Energy Technologies (FET), American Midstream Partners, LP (AMID), Canadian Solar (CSIQ), USA Compression Partners, LP (USAC), Halcon Resources Corporation (HK), VTTI Energy Partners LP (VTTI), Archrock Partners, L.P. (APLP), CrossAmerica Partners LP (CAPL), Noble Midstream Partners LP (NBLX) and PBF Logistics LP (PBFX).
Who are Sprague Resources LP's key executives?
Sprague Resources LP's management team includes the folowing people:
- Michael D. Milligan, Chairman of the Board
- David C. Glendon, President, Chief Executive Officer, Director of Sprague Resources GP LLC
- Gary A Rinaldi, Chief Financial Officer, Chief Operating Officer, Senior Vice President, Director of Sprague Resources GP LLC
- John W. Moore, Chief Accounting Officer, Vice President, Controller of Sprague Resources GP LLC
- Paul A. Scoff, Chief Compliance Officer, Vice President, General Counsel, Secretary of Sprague Resources GP LLC
- Frank B. Easton, Vice President - Human Resources of Sprague Resources GP LLC
- Thomas F. Flaherty, Vice President - Refined Products of Sprague Resources GP LLC
- Kevin Henry, Vice President, Treasurer of Sprague Resources GP LLC
- Burton S. Russell, Vice President - Operations of our general partner
- Steven D. Scammon, Vice President, Chief Risk Officer of Sprague Resources GP LLC
Who owns Sprague Resources LP stock?
Sprague Resources LP's stock is owned by many different of institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (5.41%), Kayne Anderson Capital Advisors LP (3.60%), First Trust Advisors LP (1.45%), Spirit of America Management Corp NY (0.98%), Acadian Asset Management LLC (0.46%) and Van ECK Associates Corp (0.45%). 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., GSA Capital Partners LLP, Van ECK Associates Corp, Janney Montgomery Scott LLC, Wells Fargo & Company MN and Acadian Asset Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Friedberg Investment Management, Beaton Management Co. Inc., Susquehanna International Group LLP, Virtu KCG Holdings LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Creative Planning and California Public Employees Retirement System. 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.
What is Sprague Resources LP's stock price today?
One share of Sprague Resources LP stock can currently be purchased for approximately $26.15.
MarketBeat Community Rating for Sprague Resources LP (NYSE SRLP)MarketBeat's community ratings are surveys of what our community members think about Sprague Resources LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Sprague Resources LP (NYSE:SRLP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $33.00 (26.20% upside) |
Analysts' Ratings History for Sprague Resources LP (NYSE:SRLP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/20/2017 | Janney Montgomery Scott | Upgrade | Neutral -> Buy | $28.00 -> $31.00 | Low |  |
| 3/16/2017 | FBR & Co | Set Price Target | Buy | $35.00 | High | |
| 2/17/2016 | Bank of America Corporation | Downgrade | Buy -> Neutral | | N/A | |
| 1/4/2016 | Raymond James Financial, Inc. | Upgrade | Market Perform -> Outperform | $25.00 | N/A | |
| 11/9/2015 | Barclays PLC | Boost Price Target | Equal Weight | $26.00 -> $28.00 | N/A | |
(Data available from 8/19/2015 forward)
Earnings History for Sprague Resources LP (NYSE:SRLP)Earnings History by Quarter for Sprague Resources LP (NYSE SRLP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | $0.04 | | | | | N/A | |
| 8/9/2017 | Q2 2017 | $0.01 | ($0.39) | $529.66 million | $513.63 million | View | Listen | |
| 5/8/2017 | Q1 2017 | $1.39 | $2.94 | $791.49 million | $917.81 million | View | Listen | |
| 11/7/2016 | Q3 | ($0.02) | ($0.44) | $653.20 million | $422.80 million | View | Listen | |
| 8/5/2016 | Q2 | ($0.22) | ($0.48) | $711.00 million | $477.50 million | View | Listen | |
| 5/6/2016 | Q1 | $2.35 | $1.38 | $1.18 billion | $722.91 million | View | N/A | |
| 3/10/2016 | Q4 | $0.81 | $1.32 | $1.04 billion | $663.79 million | View | Listen | |
| 11/5/2015 | Q3 | ($0.04) | $0.39 | $907.52 million | $558.02 million | View | Listen | |
| 8/6/2015 | Q215 | ($0.12) | ($0.12) | $824.42 million | $661.70 million | View | Listen | |
| 5/7/2015 | Q1 | $1.75 | $2.06 | $1.85 billion | $1.60 billion | View | Listen | |
| 3/13/2015 | Q4 | $0.86 | $3.13 | $1.30 billion | $1.20 billion | View | Listen | |
| 11/12/2014 | Q3 14 | ($0.09) | ($0.53) | $793.29 million | $728.82 million | View | Listen | |
| 8/13/2014 | Q214 | $0.02 | ($0.47) | $523.33 million | $846.80 million | View | Listen | |
| 3/26/2014 | Q4 13 | $0.40 | ($1.63) | | | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Sprague Resources LP (NYSE:SRLP)Current Year EPS Consensus Estimate: $4.25 EPS
Next Year EPS Consensus Estimate: $3.38 EPS
Current Dividend Information for Sprague Resources LP (NYSE:SRLP)| Most Recent Dividend: | 8/11/2017 |
| Annual Dividend: | $2.43 |
| Dividend Yield: | 9.29% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 119.70% (Trailing 12 Months of Earnings)
57.18% (Based on This Year's Estimates)
71.89% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Sprague Resources LP (NYSE SRLP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/26/2017 | Quarterly | $0.61 | 8.66% | 8/3/2017 | 8/7/2017 | 8/11/2017 |
| 4/27/2017 | quarterly | $0.59 | 9.28% | 5/4/2017 | 5/8/2017 | 5/15/2017 |
| 1/27/2017 | quarterly | $0.58 | 8.37% | 2/6/2017 | 2/8/2017 | 2/14/2017 |
| 10/28/2016 | quarterly | $0.56 | 9.09% | 11/4/2016 | 11/8/2016 | 11/14/2016 |
| 7/28/2016 | quarterly | $0.55 | 8.77% | 8/4/2016 | 8/8/2016 | 8/12/2016 |
| 4/27/2016 | quarterly | $0.53 | 9.23% | 5/5/2016 | 5/9/2016 | 5/13/2016 |
| 1/28/2016 | quarterly | $0.52 | 9.92% | 2/5/2016 | 2/9/2016 | 2/12/2016 |
| 10/29/2015 | quarterly | $0.50 | 8.29% | 11/6/2015 | 11/10/2015 | 11/13/2015 |
| 7/29/2015 | quarterly | $0.49 | 7.96% | 8/6/2015 | 8/10/2015 | 8/14/2015 |
| 4/30/2015 | quarterly | $0.47 | 7.37% | 5/7/2015 | 5/11/2015 | 5/15/2015 |
| 1/28/2015 | | $0.46 | | 2/5/2015 | 2/9/2015 | 2/13/2015 |
| 10/29/2014 | quarterly | $0.44 | 7.55% | 11/6/2014 | 11/10/2014 | 11/14/2014 |
| 7/29/2014 | quarterly | $0.43 | 6.71% | 8/6/2014 | 8/8/2014 | 8/14/2014 |
| 4/29/2014 | quarterly | $0.41 | 7.6% | 5/7/2014 | 5/9/2014 | 5/15/2014 |
| 1/29/2014 | quarterly | $0.28 | | 2/6/2014 | 2/10/2014 | 2/14/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Sprague Resources LP (NYSE:SRLP)Institutional Ownership Percentage: 25.86%
Insider Trades by Quarter for Sprague Resources LP (NYSE:SRLP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/17/2017 | Ben J. Hennelly | Director | Sell | 2,456 | $26.94 | $66,164.64 | |
| 1/4/2017 | Paul A Scoff | Insider | Sell | 1,250 | $28.20 | $35,250.00 | |
| 9/8/2016 | Paul A Scoff | Insider | Sell | 1,250 | $24.43 | $30,537.50 | |
| 6/22/2016 | Paul A Scoff | Insider | Sell | 1,250 | $23.67 | $29,587.50 | |
| 3/23/2015 | Brian W Weego | VP | Sell | 2,500 | $25.50 | $63,750.00 | |
| 10/25/2013 | Brian W Weego | VP | Buy | 2,500 | $17.92 | $44,800.00 | |
| 10/25/2013 | Michael D Milligan | Director | Buy | 20,000 | $17.50 | $350,000.00 | |
| 10/25/2013 | Paul A Scoff | Insider | Buy | 1,100 | $17.64 | $19,404.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Sprague Resources LP (NYSE:SRLP)
Latest Headlines for Sprague Resources LP (NYSE:SRLP)
| Source: |
|
| Date | Headline |
|---|
 | Sprague Resources LP (NYSE:SRLP) Expected to Announce Quarterly Sales of $569.63 Million
www.americanbankingnews.com - August 15 at 7:40 AM |
| Analysts Expect Sprague Resources LP (SRLP) Will Announce Earnings of $0.04 Per Share
www.americanbankingnews.com - August 13 at 12:40 PM |
 | Edited Transcript of SRLP earnings conference call or presentation 9-Aug-17 5:00pm GMT
finance.yahoo.com - August 11 at 8:48 AM |
| Sprague Resources LP (SRLP) Releases Earnings Results, Misses Estimates By $0.40 EPS
www.americanbankingnews.com - August 10 at 4:49 PM |
 | Investor Network: Sprague Resources LP to Host Earnings Call
www.nasdaq.com - August 10 at 8:15 AM |
 | Sprague Resources' (SRLP) CEO David Glendon on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 10 at 8:15 AM |
| Sprague Resources LP breached its 50 day moving average in a Bearish Manner : SRLP-US : August 4, 2017
finance.yahoo.com - August 5 at 7:21 AM |
| Sprague Resources LP – Value Analysis (NYSE:SRLP) : August 1, 2017
finance.yahoo.com - August 2 at 12:51 AM |
 | Sprague Resources About To Put More Money In Your Pocket (SRLP)
www.thestreet.com - August 1 at 4:13 PM |
| Sprague Resources LP (SRLP) Upgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - July 31 at 12:20 AM |
| $529.66 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - July 28 at 7:41 PM |
| Sprague Resources LP (SRLP) Plans Dividend Increase - $0.61 Per Share
www.americanbankingnews.com - July 27 at 11:17 AM |
| Sprague Resources LP (SRLP) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - July 27 at 7:58 AM |
| Analysts Expect Sprague Resources LP (SRLP) to Post -$0.02 Earnings Per Share
www.americanbankingnews.com - July 26 at 9:47 AM |
 | Sprague increases cash distribution from $0.5925 to $0.6075 per unit
www.marketwatch.com - July 26 at 8:18 AM |
| Sprague Resources LP Announces Thirteenth Consecutive Increased Cash Distribution for the Second Quarter of 2017 and Earnings Conference Call Schedule
finance.yahoo.com - July 26 at 8:17 AM |
| Sprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : July 18, 2017
finance.yahoo.com - July 18 at 3:50 PM |
| BidaskClub Lowers Sprague Resources LP (NYSE:SRLP) to Sell
www.americanbankingnews.com - July 16 at 9:32 PM |
| Sprague Resources (NYSE:SRLP) vs. CVR Refining, (CVRR) Critical Survey
www.americanbankingnews.com - July 13 at 8:09 AM |
| Sprague Resources LP (NYSE:SRLP) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - July 12 at 3:43 PM |
| Is Sprague Resources (SRLP) Stock a Suitable Value Pick?
finance.yahoo.com - July 11 at 3:42 PM |
| Sprague Resources LP breached its 50 day moving average in a Bearish Manner : SRLP-US : July 6, 2017
finance.yahoo.com - July 6 at 10:26 AM |
| Sprague Resources LP (SRLP) Expected to Announce Quarterly Sales of $529.66 Million
www.americanbankingnews.com - July 2 at 10:42 AM |
| -$0.02 EPS Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - June 30 at 9:54 AM |
| Analyzing Sprague Resources (SRLP) & Arc Logistic Partners (ARCX)
www.americanbankingnews.com - June 17 at 10:26 PM |
| Sprague Resources LP :SRLP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017
finance.yahoo.com - June 17 at 6:21 AM |
| Sprague Resources LP breached its 50 day moving average in a Bullish Manner : SRLP-US : June 12, 2017
finance.yahoo.com - June 12 at 7:27 PM |
| Zacks: Brokerages Anticipate Sprague Resources LP (SRLP) Will Post Quarterly Sales of $529.66 Million
www.americanbankingnews.com - June 8 at 2:34 PM |
| Sprague Resources LP (SRLP) Presents At Master Limited Partnerships Association 2017 MLP Investor Conference - Slideshow
seekingalpha.com - June 3 at 7:24 PM |
| Sprague Resources LP breached its 50 day moving average in a Bearish Manner : SRLP-US : May 26, 2017
finance.yahoo.com - May 27 at 5:56 AM |
| Sprague Resources LP (SRLP) Director Ben J. Hennelly Sells 2,456 Shares
www.americanbankingnews.com - May 17 at 8:11 PM |
| Sprague 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 |
| $467.99 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - May 12 at 3:24 PM |
| Brokerages Anticipate Sprague Resources LP (SRLP) Will Announce Earnings of $0.17 Per Share
www.americanbankingnews.com - May 10 at 10:08 AM |
| Sprague Resources LP (SRLP) Releases Earnings Results
www.americanbankingnews.com - May 9 at 12:12 PM |
| Zacks Investment Research Upgrades Sprague Resources LP (SRLP) to "Hold"
www.americanbankingnews.com - May 9 at 11:00 AM |
| Edited Transcript of SRLP earnings conference call or presentation 8-May-17 5:00pm GMT
finance.yahoo.com - May 9 at 10:22 AM |
| Sprague Resources LP Reports First Quarter 2017 Results
finance.yahoo.com - May 8 at 11:04 AM |
 | Sprague Resources beats Street 1Q forecasts
marketbeat.com - May 8 at 6:25 AM |
| Sprague 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 |
| Favorable News Coverage Likely to Impact Sprague Resources (SRLP) Stock Price
www.americanbankingnews.com - April 28 at 5:12 PM |
| Sprague Resources LP (SRLP) Increases Dividend to $0.59 Per Share
www.americanbankingnews.com - April 28 at 5:04 PM |
| Sprague 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 |
| Sprague Resources LP – Value Analysis (NYSE:SRLP) : April 26, 2017
finance.yahoo.com - April 26 at 9:26 PM |
| Sprague 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 |
| $782.97 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
www.americanbankingnews.com - April 21 at 2:42 PM |
| Sprague Resources LP (SRLP) Expected to Post Earnings of $1.34 Per Share
www.americanbankingnews.com - April 19 at 2:29 PM |
| Sprague Resources LP Announces the closing of Carbo’s Refined Products Terminals on Long Island
finance.yahoo.com - April 19 at 9:05 AM |
| Sprague Resources (SRLP) Receiving Positive Media Coverage, Study Finds
www.americanbankingnews.com - April 14 at 8:25 PM |
| Sprague 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 |
Sprague Resources LP (SRLP) Chart for Saturday, August, 19, 2017
