CrossAmerica Partners (NYSE:CAPL - Get Free Report) posted its earnings results on Wednesday. The oil and gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.04 by $0.38, Zacks reports. The firm had revenue of $944.22 million during the quarter, compared to the consensus estimate of $1.21 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%.
CrossAmerica Partners Stock Up 1.0 %
CrossAmerica Partners stock traded up $0.24 during midday trading on Friday, hitting $23.20. 113,782 shares of the stock were exchanged, compared to its average volume of 41,469. CrossAmerica Partners has a 52-week low of $18.43 and a 52-week high of $23.60. The business's 50-day moving average price is $22.42 and its 200-day moving average price is $21.35. The stock has a market capitalization of $882.50 million, a price-to-earnings ratio of 44.61 and a beta of 1.47.
CrossAmerica Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners's dividend payout ratio (DPR) is presently 403.85%.
Analysts Set New Price Targets
Separately, StockNews.com lowered CrossAmerica Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday.
Get Our Latest Stock Analysis on CAPL
About CrossAmerica Partners
(
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CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It 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.
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