Can Sprague Resources LP (NYSE:SRLP) Make a Bullish Move?

Sprague Resources LP (NYSE:SRLP) currently has an Average Broker Rating of 1.5. This number is based on the 2 sell-side firms polled by Zacks. The ABR rank within the industry stands at 236. Analysts on a consensus basis are expecting that the stock will reach $28.67 within the year.

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Research analysts are predicting that Sprague Resources LP (NYSE:SRLP) will report earnings of $1.25 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Sprague Resources LP (NYSE:SRLP) posted quarterly earnings of $-0.68 which compared to the sell-side estimates of 0.04. The stock’s 12-month trailing earnings per share stands at $1.79. Shares have moved $-6.78 over the past month and more recently, $-3.99 over the past week heading into the earnings announcement. There are 1 analyst projections that were taken into consideration from respected brokerage firms.

Sprague Resources LP (NYSE:SRLP) closed the last session at $24.05 and sees an average of 21588.2 shares trade hands in each session. The 52-week low of the stock stands at $23.95 while the current level stands at 1.63% of the 52-week High-Low range. Looking further out we can see that the stock has moved -8.56% over the past 12 weeks and -14.41% year to date.

2 analysts rate Sprague Resources LP a Buy or Strong Buy, which is 100% of all the analyst ratings.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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