Crossamerica Partners (NYSE:CAPL) Cut to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Crossamerica Partners (NYSE:CAPL) from a sell rating to a strong sell rating in a research report report published on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research raised Crossamerica Partners from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Thursday, October 24th.

NYSE CAPL opened at $17.80 on Monday. The company has a market cap of $631.71 million, a P/E ratio of 161.82, a P/E/G ratio of 7.29 and a beta of 1.21. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.33 and a current ratio of 0.44. The business’s 50 day moving average price is $17.53 and its 200-day moving average price is $16.86. Crossamerica Partners has a fifty-two week low of $13.00 and a fifty-two week high of $19.07.

Crossamerica Partners (NYSE:CAPL) last released its earnings results on Monday, August 5th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $605.53 million for the quarter, compared to the consensus estimate of $626.59 million. Crossamerica Partners had a net margin of 0.84% and a return on equity of 16.98%. As a group, equities analysts predict that Crossamerica Partners will post 0.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 11.80%. The ex-dividend date is Monday, November 4th. Crossamerica Partners’s dividend payout ratio (DPR) is presently 1,909.09%.

A number of institutional investors have recently made changes to their positions in CAPL. Invesco Ltd. bought a new position in Crossamerica Partners in the 2nd quarter valued at $92,819,000. Cohen & Steers Inc. bought a new position in Crossamerica Partners in the 2nd quarter valued at $2,043,000. Advisors Capital Management LLC grew its position in Crossamerica Partners by 46.6% in the 2nd quarter. Advisors Capital Management LLC now owns 117,444 shares of the oil and gas company’s stock valued at $1,885,000 after acquiring an additional 37,359 shares during the last quarter. Arrow Investment Advisors LLC bought a new position in Crossamerica Partners in the 2nd quarter valued at $352,000. Finally, Strategic Wealth Advisors Group LLC grew its position in Crossamerica Partners by 20.3% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock valued at $1,681,000 after acquiring an additional 16,506 shares during the last quarter. 30.55% of the stock is currently owned by institutional investors.

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, and company operated retail sites.

See Also: How the Dogs of the Dow Strategy Works

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Crossamerica Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crossamerica Partners and related companies with MarketBeat.com's FREE daily email newsletter.