Sprague Resources LP (NYSE:SRLP) is a big mover this session as the company shares are trading 6.41% or 1.09 points lower from last closing price of $17, reaching $15.91 at last check. So what’s going on with SRLP shares anyway? The price has dropped in 4 of the last 5 days and is down -12.59% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 19,618 shares, and in total 73818 shares valued at $1.174 million were seen changing hands compared with 54200 shares valued at $921400 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the SRLP stock.
Sprague Resources LP (SRLP) shares have notched a 3-month decline of about -12.59%, but has still advanced 14.56% year to date. By comparison, the stock sank -33.06% over the past 12 months, while it slipped -9.89% over the 1 month. The company’s market cap is around $377.98M, with its short interest ratio standing at 0.57%.
In the current trading session for SRLP, the stock witnessed two major price actions, it rose to a high of $16.49 and was down as much as $15.74 at one point. The high recorded is very low when compared to their 52-week high which is $13.76. The 52-week high is now at -42.98 distance from current price. Their recent low of $28 represents a 16.02% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SRLP is $19, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Sprague Resources LP earned $1.35 per share in the trailing 12 months and has a P/E ratio of 11.79. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 22.04 and lower compared to the sector’s average of 15.86. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SRLP also has P/S multiple of 0.1. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.08x.
The company recorded an interesting insider sale transaction by the Director on Dec 07, 2018. A Securities and Exchanges Commission filings show that Ben J Hennelly sold a total of 2,231 SRLP shares that day for a sum of around $37,124. The filings show that the insider now retains 2,131 shares, currently worth $33,904. Sprague Resources LP (SRLP) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 8,924 shares that were traded over a year. In the past 12 months, insiders have purchased 6,693 shares while the seller parted with 2,231 shares.
SRLP‘s last price was down -11.76% as compared to the average trading price of 50 days recorded at $18.03 while enlarging the period to 200 trading days, the average closing price was $17.83. At present, there are 22.77 million in the total number of common shares owned by the public and among those 9.16 million shares have been available to trade. The percentage of shares being held by the company management was 59.78% while institutions stake was 17.4%. The company has generated positive returns on equity over the last 12 months (50.4%). It managed to keep its gross profit margin at 7.5% over the past 12 months.
When assessing the full upside of the SRLP stock, there is another set of technicals that should be looked into and considered. Its -10.42% decline from moving average of $17.76 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.48 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 32.7%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -4.2 over the last five years. The company recently recorded a drop of -5.5%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards SRLP stock. Cohen & Steers Inc. added position in the company after it grew 0.5% or 174,282 shares of its common stock. The hedge fund now owns 175,153 shares worth $2,786,684, SEC documents show. Doheny Asset Management CA shored up assets in the stock as 63996.89 shares have been purchased, increasing its stake by 28.6% to 82,300 shares which are currently valued at $1,309,393. In addition, Russell Investments Group Ltd. recently reported that it now owns 27,690 shares making a total of $440,548 based on the recent price. This refelects a change of 8.6% in their ownership.