Shares of Crossamerica Partners LP (NYSE:CAPL) have received an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.20.
A number of research firms recently issued reports on CAPL. B. Riley set a $25.00 price target on shares of Crossamerica Partners and gave the company a “buy” rating in a research note on Wednesday, August 15th. ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of Crossamerica Partners from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Tuesday. Finally, Wells Fargo & Co lifted their price target on shares of Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Tuesday, August 14th.
A number of institutional investors and hedge funds have recently made changes to their positions in CAPL. Valley National Advisers Inc. acquired a new stake in Crossamerica Partners during the 3rd quarter worth $136,000. LPL Financial LLC acquired a new stake in Crossamerica Partners during the 1st quarter worth $206,000. Creative Planning acquired a new stake in Crossamerica Partners during the 2nd quarter worth $238,000. Bank of Montreal Can acquired a new stake in Crossamerica Partners during the 2nd quarter worth $338,000. Finally, GSA Capital Partners LLP boosted its stake in Crossamerica Partners by 174.7% during the 3rd quarter. GSA Capital Partners LLP now owns 29,430 shares of the oil and gas company’s stock worth $533,000 after purchasing an additional 18,715 shares during the last quarter. 32.51% of the stock is currently owned by institutional investors.
Crossamerica Partners stock traded up $0.33 during trading on Tuesday, reaching $16.49. The company had a trading volume of 121,300 shares, compared to its average volume of 62,768. Crossamerica Partners has a 1-year low of $15.31 and a 1-year high of $25.13. The stock has a market capitalization of $552.14 million, a P/E ratio of -206.13, a P/E/G ratio of 50.09 and a beta of 1.23. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.55 and a current ratio of 0.71.
Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14. Crossamerica Partners had a net margin of 0.71% and a return on equity of 4.95%. The firm had revenue of $670.81 million for the quarter, compared to analysts’ expectations of $707.98 million. Sell-side analysts predict that Crossamerica Partners will post 0.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, November 2nd. This represents a $2.10 annualized dividend and a yield of 12.73%. Crossamerica Partners’s dividend payout ratio (DPR) is presently -2,625.00%.
About Crossamerica Partners
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.
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