News headlines about CrossAmerica Partners (NYSE:CAPL) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CrossAmerica Partners earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.5670248749598 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- CrossAmerica Partners LP (CAPL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Jeremy Bergeron Acquires 1,500 Shares of CrossAmerica Partners LP (CAPL) Stock (americanbankingnews.com)
- Insider Buying: CrossAmerica Partners LP (CAPL) Director Purchases 50,000 Shares of Stock (americanbankingnews.com)
- CrossAmerica Partners LP breached its 50 day moving average in a Bearish Manner : CAPL-US : August 9, 2017 (finance.yahoo.com)
- Intelligent Options Trading: Right After Earnings in CrossAmerica Partners LP (campdesrecrues.com)
CAPL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 11th. BidaskClub lowered shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Bank of America Corporation lowered shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. increased their target price on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.
CrossAmerica Partners (CAPL) opened at 26.25 on Friday. The firm’s 50-day moving average is $26.54 and its 200-day moving average is $25.67. The company’s market cap is $880.00 million. CrossAmerica Partners has a 12 month low of $23.26 and a 12 month high of $29.80.
CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Monday, August 7th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $528.79 million for the quarter, compared to the consensus estimate of $596.92 million. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. On average, analysts anticipate that CrossAmerica Partners will post $0.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.6225 per share. This is an increase from CrossAmerica Partners’s previous quarterly dividend of $0.51. This represents a $2.49 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend is Thursday, August 3rd. CrossAmerica Partners’s dividend payout ratio is currently -8,297.23%.
In other news, Director John B. Reilly III bought 50,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $1,300,000.00. Following the transaction, the director now owns 190,869 shares of the company’s stock, valued at $4,962,594. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeremy Bergeron bought 1,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $26.03 per share, with a total value of $39,045.00. Following the completion of the transaction, the insider now directly owns 11,061 shares in the company, valued at approximately $287,917.83. The disclosure for this purchase can be found here.
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About CrossAmerica Partners
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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