News coverage about CrossAmerica Partners (NYSE:CAPL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CrossAmerica Partners earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.0377582510913 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Buying: CrossAmerica Partners LP (CAPL) Director Purchases 2,100 Shares of Stock (americanbankingnews.com)
- CROSSAMERICA PARTNERS LP : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- Earnings Review and Free Research Report: Phillips 66 Reported Q2 FY17 Results, Beating Market EPS Estimates (finance.yahoo.com)
- John B. Reilly III Purchases 1,602 Shares of CrossAmerica Partners LP (NYSE:CAPL) Stock (americanbankingnews.com)
- CrossAmerica Partners LP (CAPL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several brokerages have recently commented on CAPL. Zacks Investment Research downgraded shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Raymond James Financial, Inc. upped their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Bank of America Corporation downgraded shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.00.
CrossAmerica Partners (NYSE:CAPL) opened at 26.55 on Friday. The stock’s 50 day moving average is $26.75 and its 200 day moving average is $25.67. The company’s market capitalization is $898.98 million. CrossAmerica Partners has a 52 week low of $23.26 and a 52 week high of $29.80.
CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Monday, August 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. The company had revenue of $528.79 million for the quarter, compared to the consensus estimate of $596.92 million. On average, equities research analysts expect that CrossAmerica Partners will post ($0.02) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a dividend of $0.6225 per share. This is a positive change from CrossAmerica Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.49 dividend on an annualized basis and a yield of 9.38%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently -8,297.23%.
In related news, Director John B. Reilly III acquired 1,602 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $25.91 per share, for a total transaction of $41,507.82. Following the acquisition, the director now directly owns 192,471 shares of the company’s stock, valued at approximately $4,986,923.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeremy Bergeron acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $26.03 per share, with a total value of $39,045.00. Following the acquisition, the insider now directly owns 11,061 shares in the company, valued at $287,917.83. The disclosure for this purchase can be found here. Insiders have purchased a total of 55,202 shares of company stock valued at $1,435,657 in the last quarter.
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CrossAmerica Partners Company Profile
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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