NYSE:SRLP

Sprague Resources Stock Forecast, Price & News

$29.10
+0.30 (+1.04 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$28.60
$29.38
50-Day Range
$24.61
$29.09
52-Week Range
$14.50
$29.38
Volume31,003 shs
Average Volume42,038 shs
Market Capitalization$667.61 million
P/E Ratio24.25
Dividend Yield9.27%
Beta0.93
30 days | 90 days | 365 days | Advanced Chart
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About Sprague Resources

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States and Canada. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers. This segment's wholesale customers consist of approximately 1,100 home heating oil retailers, and diesel fuel and gasoline resellers; and commercial customers include federal and state agencies, municipalities, regional transit authorities, drill sites, large industrial companies, real estate management companies, hospitals, educational institutions, and asphalt paving companies. The Natural Gas segment purchases natural gas from natural gas producers and trading companies and sells and distributes natural gas to approximately 15,000 commercial and industrial customer locations across 13 states in the Northeast and Mid-Atlantic United States. The Materials Handling segment offloads, stores, and prepares for the delivery of various customer-owned products, including asphalt, crude oil, clay slurry, salt, gypsum, residual fuel oil, coal, petroleum coke, caustic soda, tallow, pulp, and heavy equipment. The Other Operations segment engages in coal marketing and distribution; and commercial trucking activities. As of December 31, 2020, the company had combined storage capacity of 14.6 million barrels for refined products and other liquid materials, as well as 2.0 million square feet of materials handling capacity. Sprague Resources LP was founded in 1870 and is headquartered in Portsmouth, New Hampshire. As of May 28, 2021, Sprague Resources LP operates as a subsidiary of Hartree Partners, LP.

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MarketRank

Overall MarketRank

0.93 out of 5 stars

Oils/Energy Sector

409th out of 711 stocks

Petroleum Bulk Stations & Terminals Industry

5th out of 5 stocks

Analyst Opinion: 0.0Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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Sprague Resources (NYSE:SRLP) Frequently Asked Questions

What stocks does MarketBeat like better than Sprague Resources?

Wall Street analysts have given Sprague Resources a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sprague Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Sprague Resources?

Sprague Resources saw a increase in short interest in July. As of July 15th, there was short interest totaling 21,000 shares, an increase of 68.0% from the June 30th total of 12,500 shares. Based on an average trading volume of 36,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.
View Sprague Resources' Short Interest
.

When is Sprague Resources' next earnings date?

Sprague Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Sprague Resources
.

How can I listen to Sprague Resources' earnings call?

Sprague Resources will be holding an earnings conference call on Thursday, August 5th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Sprague Resources' earnings last quarter?

Sprague Resources LP (NYSE:SRLP) announced its earnings results on Thursday, May, 6th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $0.77 by $1.27. The oil and gas company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $697.20 million. Sprague Resources had a net margin of 1.40% and a trailing twelve-month return on equity of 45.41%.
View Sprague Resources' earnings history
.

How has Sprague Resources' stock been impacted by COVID-19?

Sprague Resources' stock was trading at $12.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SRLP stock has increased by 142.5% and is now trading at $29.0950.
View which stocks have been most impacted by COVID-19
.

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

Sprague Resources announced a quarterly dividend on Saturday, July 24th. Shareholders of record on Tuesday, August 3rd will be paid a dividend of $0.6675 per share on Monday, August 9th. This represents a $2.67 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date is Monday, August 2nd. This is an increase from Sprague Resources's previous quarterly dividend of $0.65.
View Sprague Resources' dividend history
.

Is Sprague Resources a good dividend stock?

Sprague Resources pays an annual dividend of $2.67 per share and currently has a dividend yield of 9.27%. SRLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Sprague Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of Sprague Resources is 240.54%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Sprague Resources will have a dividend payout ratio of 127.14% in the coming year. This indicates that Sprague Resources may not be able to sustain their current dividend.
View Sprague Resources' dividend history.

Who are Sprague Resources' key executives?

Sprague Resources' management team includes the following people:
  • Mr. David C. Glendon, Pres, CEO & Director of Sprague Resources GP LLC (Age 55, Pay $450.69k)
  • Mr. David C. Long, CFO & Principal Accounting Officer of Sprague Resources GP LLC (Age 47, Pay $326.24k)
  • Mr. Steven D. Scammon, VP & Chief Risk Officer of Sprague Resources GP LLC (Age 59, Pay $355.56k)
  • Mr. Brian W. Weego, VP of Natural Gas - Sprague Resources GP LLC (Age 55, Pay $323.56k)
  • Mr. Thomas E. Carey, VP of Operation - Sprague Resources GP LLC
  • Mr. Paul A. Scoff, VP, Gen. Counsel, Chief Compliance Officer & Sec. of Sprague Resources GP LLC (Age 62)
  • Mr. Joseph S. Smith, VP of Corp. Devel. & IT - Sprague Resources GP LLC (Age 64)
  • Barbara Arkwell, Managing Director of HR of Sprague Resources GP LLC

What is Dave Glendon's approval rating as Sprague Resources' CEO?

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

Who are some of Sprague Resources' key competitors?

What other stocks do shareholders of Sprague Resources own?

What is Sprague Resources' stock symbol?

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

How do I buy shares of Sprague Resources?

Shares of SRLP 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.
Compare Top Brokerages Here.

What is Sprague Resources' stock price today?

One share of SRLP stock can currently be purchased for approximately $29.10.

How much money does Sprague Resources make?

Sprague Resources has a market capitalization of $667.61 million and generates $2.34 billion in revenue each year. The oil and gas company earns $33.81 million in net income (profit) each year or $1.11 on an earnings per share basis.

How many employees does Sprague Resources have?

Sprague Resources employs 765 workers across the globe.

What is Sprague Resources' official website?

The official website for Sprague Resources is www.spragueenergy.com.

Where are Sprague Resources' headquarters?

Sprague Resources is headquartered at 185 INTERNATIONAL DRIVE, PORTSMOUTH NH, 03801.

How can I contact Sprague Resources?

Sprague Resources' mailing address is 185 INTERNATIONAL DRIVE, PORTSMOUTH NH, 03801. The oil and gas company can be reached via phone at 800-225-1560 or via email at [email protected]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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