CrossAmerica Partners (NYSE:CAPL – Get Free Report) announced its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.21), Zacks reports. CrossAmerica Partners had a net margin of 1.43% and a negative return on equity of 37.73%.
CrossAmerica Partners Stock Performance
Shares of CAPL traded down $0.80 during midday trading on Wednesday, hitting $20.39. The company had a trading volume of 60,068 shares, compared to its average volume of 42,477. The company’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $22.02. The firm has a market capitalization of $778.10 million, a P/E ratio of 14.88 and a beta of 0.29. CrossAmerica Partners has a 1 year low of $19.78 and a 1 year high of $24.63.
CrossAmerica Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, November 2nd will be paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, November 2nd. CrossAmerica Partners’s payout ratio is presently 153.28%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CrossAmerica Partners in a research note on Tuesday, September 8th. Zacks Research lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, CrossAmerica Partners presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on CAPL
About CrossAmerica Partners
CrossAmerica Partners LP (NYSE: CAPL) is a publicly traded master limited partnership focused on the wholesale distribution of motor fuels and the ownership or leasing of assets used in fuel retailing. The partnership supplies gasoline and diesel to independent dealers, commercial customers, and other retail operators through a network of fuel supply and distribution arrangements.
In addition to fuel distribution, CrossAmerica owns or leases convenience stores, gas stations, and related real estate.
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