Sprague Resources Stock Forecast, Price & News

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.
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Sprague Resources saw a decline in short interest during the month of August. As of August 13th, there was short interest totaling 13,500 shares, a decline of 32.8% from the July 29th total of 20,100 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company's shares are short sold.
View Sprague Resources' Short Interest.

Sprague Resources is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Sprague Resources.

Sprague Resources LP (NYSE:SRLP) issued 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 analyst estimates of $697.20 million. Sprague Resources had a net margin of 0.57% and a trailing twelve-month return on equity of 81.24%.
View Sprague Resources' earnings history.

Sprague Resources' stock was trading at $12.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SRLP shares have increased by 45.2% and is now trading at $17.42.
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Sprague Resources declared a quarterly dividend on Saturday, July 24th. Investors 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 15.33%. The ex-dividend date of this dividend is Monday, August 2nd. This is a boost from Sprague Resources's previous quarterly dividend of $0.65.
View Sprague Resources' dividend history.

Sprague Resources pays an annual dividend of $2.67 per share and currently has a dividend yield of 14.76%. SRLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 161.82% in the coming year. This indicates that Sprague Resources may not be able to sustain their current dividend.
View Sprague Resources' dividend history.

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.

Some companies that are related to Sprague Resources include Liberty Oilfield Services (LBRT), Beach Energy (BCHEY), Paramount Resources (PRMRF), Crestwood Equity Partners (CEQP), Rattler Midstream (RTLR), Montauk Renewables (MNTK), Callon Petroleum (CPE), NuStar Energy (NS), Peabody Energy (BTU), Enerplus (ERF), Centennial Resource Development (CDEV), USA Compression Partners (USAC), Patterson-UTI Energy (PTEN), BP Midstream Partners (BPMP) and Tellurian (TELL).
View all of SRLP's competitors.

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 many different retail and institutional investors. Top institutional investors include First Trust Advisors LP (0.69%), Morgan Stanley (0.17%), Morgan Stanley (0.17%), Citadel Advisors LLC (0.00%), United Capital Financial Advisers LLC (0.06%) and LPL Financial LLC (0.05%). Company insiders that own Sprague Resources stock include Ben J Hennelly, Beth A Bowman, Brian W Weego, David C Glendon, David C Long, Paul A Scoff and Sprague Resources Holdings Llc.
View institutional ownership trends for Sprague Resources.

SRLP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Citadel Advisors LLC, and Citigroup Inc.. Company insiders that have sold Sprague Resources company stock in the last year include Ben J Hennelly, Beth A Bowman, Brian W Weego, David C Glendon, Paul A Scoff, and Sprague Resources Holdings Llc.
View insider buying and selling activity for Sprague Resources or view top insider-selling stocks.

SRLP stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, United Capital Financial Advisers LLC, Vident Investment Advisory LLC, Tortoise Index Solutions LLC, and LPL Financial LLC. Company insiders that have bought Sprague Resources stock in the last two years include David C Long, and Sprague Resources Holdings Llc.
View insider buying and selling activity for Sprague Resources or or view top insider-buying stocks.

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.
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One share of SRLP stock can currently be purchased for approximately $17.42.

Sprague Resources has a market capitalization of $456.86 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.

Sprague Resources employs 765 workers across the globe.

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

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

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].