Sprague Resources LP (SRLP) Reaches $22.45 52-Week Low; Nordic American Tankers Limited (NAT) Covered By 1 Bullish Analysts Last Week

June 14, 2018 - By Peter Mason

Sprague Resources LP (NYSE:SRLP) Logo

The stock of Sprague Resources LP (NYSE:SRLP) hit a new 52-week low and has $20.65 target or 8.00% below today’s $22.45 share price. The 7 months bearish chart indicates high risk for the $510.23 million company. The 1-year low was reported on Jun, 14 by Barchart.com. If the $20.65 price target is reached, the company will be worth $40.82M less. The stock decreased 1.54% or $0.35 during the last trading session, reaching $22.45. About 27,903 shares traded. Sprague Resources LP (NYSE:SRLP) has declined 14.88% since June 14, 2017 and is downtrending. It has underperformed by 27.45% the S&P500. Some Historical SRLP News: ; 08/05/2018 – Sprague Resources Raises Dividend to 65.25c; 08/05/2018 – Sprague Resources Backs 2018 EBIT $120M-EBIT $140M; 14/03/2018 – Sprague Resources Sees 2018 EBIT $120M-EBIT $140M; 15/03/2018 – SPRAGUE RESOURCES LP – EXPECT TO GROW DISTRIBUTIONS BY 1.5 CENTS/UNIT PER QUARTER THROUGH 2019; 21/04/2018 – DJ Sprague Resources LP, Inst Holders, 1Q 2018 (SRLP); 08/05/2018 – SPRAGUE RESOURCES LP – QTRLY NET INCOME PER LIMITED PARTNER UNIT $3.21; 08/05/2018 – Sprague Resources 1Q EBITDA $55.1M; 14/03/2018 – Sprague Resources 4Q EBITDA $41.9M; 15/05/2018 – Sprague Resources LP Announces Chief Accounting Officer Retirement and Appointment; 08/05/2018 – Sprague Resources 1Q EPS $3.21

Among 10 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Nordic American Tanker Shipping had 34 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Sell” on Thursday, October 19. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Hold” rating given on Monday, February 12 by Seaport Global. The firm earned “Sell” rating on Monday, August 21 by Jefferies. On Thursday, December 14 the stock rating was upgraded by Jefferies to “Hold”. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Hold” rating given on Friday, April 20 by Jefferies. Credit Suisse maintained it with “Neutral” rating and $2 target in Tuesday, February 13 report. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) on Monday, November 6 with “Sell” rating. The rating was maintained by Maxim Group on Monday, October 23 with “Sell”. The stock of Nordic American Tankers Limited (NYSE:NAT) earned “Sell” rating by Maxim Group on Tuesday, August 8. The stock has “Underperform” rating by Evercore on Friday, July 21. See Nordic American Tankers Limited (NYSE:NAT) latest ratings:

23/05/2018 Broker: Drewry Financial Rating: Sell New Target: $1.7500 Maintain
17/05/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
30/04/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
25/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.5 New Target: $2.25 Maintain
20/04/2018 Broker: Jefferies Rating: Hold New Target: $2.5000 Maintain
13/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $4 New Target: $2 Maintain
12/02/2018 Broker: Seaport Global Rating: Hold New Target: $2.5 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $5 New Target: $2.5 Maintain
09/02/2018 Broker: Maxim Group Rating: Sell New Target: $1.0 Maintain
04/01/2018 Broker: Seaport Global Rating: Hold New Target: $3.0 Maintain

The stock decreased 0.87% or $0.02 during the last trading session, reaching $2.28. About 433,312 shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 66.58% since June 14, 2017 and is downtrending. It has underperformed by 79.15% the S&P500. Some Historical NAT News: ; 16/05/2018 – Nordic Amer Tankers Declares Dividend of 1c; 27/04/2018 – NORDIC AMERICAN TANKERS TO PAY 1C DIVIDEND ON OR ABOUT JUNE 12; 27/04/2018 NORDIC AMERICAN TANKERS SAYS DIV TO REMAIN PRIORITY; 30/05/2018 – NORDIC AMERICAN TANKER – CONFIRM SALE OF TWO VESSELS, ADJUSTING FLEET FROM 33 TO 31 SUEZMAXES IN SHORT TERM; 16/05/2018 – Nordic American Tankers (NYSE:NAT) – The 1st Quarter 2018 report – Dividend is a priority – Solid prospects; 30/05/2018 – NORDIC AMERICAN TANKERS CONFIRMS SALE OF 2 VESSELS; 30/05/2018 – Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Sale of two vessels- prospects are positive – focus on d; 17/05/2018 – Detailed Research: Economic Perspectives on Churchill Downs, Nordic American Tankers, News Corporation, Aduro Biotech, MannKind; 30/05/2018 – Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Sale of two vessels- prospects are positive – focus on dividend

More notable recent Nordic American Tankers Limited (NYSE:NAT) news were published by: Globenewswire.com which released: “Nordic American Tankers Limited (NYSE:NAT) – Fixed 3-year time charter (TC) plus options for one of the NAT …” on June 13, 2018, also Globenewswire.com with their article: “Nordic American Tankers Limited (NYSE:NAT) – Further adjustment of the NAT fleet” published on June 08, 2018, Globenewswire.com published: “Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Sale of two vessels- prospects are positive …” on May 30, 2018. More interesting news about Nordic American Tankers Limited (NYSE:NAT) were released by: Globenewswire.com and their article: “Nordic American Tankers (NYSE:NAT) – The 1st Quarter 2018 report – Dividend is a priority – Solid prospects” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Horizon Pharma Public, Lululemon Athletica, Nordic American Tankers …” with publication date: June 07, 2018.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The company has market cap of $323.69 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

Analysts await Sprague Resources LP (NYSE:SRLP) to report earnings on August, 8. They expect $-0.52 EPS, down 33.33% or $0.13 from last year’s $-0.39 per share. After $3.21 actual EPS reported by Sprague Resources LP for the previous quarter, Wall Street now forecasts -116.20% negative EPS growth.

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company has market cap of $510.23 million. The firm operates through four divisions: Refined Products, Natural Gas, Materials Handling, and Other Operations. It has a 19.87 P/E ratio. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale and commercial customers.

Since May 15, 2018, it had 0 insider purchases, and 2 sales for $54,346 activity. Hennelly Ben J. had sold 1,640 shares worth $37,966.

Another recent and important Sprague Resources LP (NYSE:SRLP) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Shinhan Financial Group, Aurinia Pharmaceuticals …” on June 01, 2018.

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.39, from 1.18 in 2017Q4. It dived, as 5 investors sold Sprague Resources LP shares while 9 reduced holdings. 4 funds opened positions while 7 raised stakes. 4.89 million shares or 0.77% more from 4.85 million shares in 2017Q4 were reported. Doheny Asset Ca invested 1.34% of its portfolio in Sprague Resources LP (NYSE:SRLP). Goldman Sachs Grp Incorporated invested in 0.01% or 1.16M shares. 12,579 were reported by First Republic Investment Management Inc. Peak6 Invests Limited Partnership has 15,669 shares. Morgan Stanley holds 0% of its portfolio in Sprague Resources LP (NYSE:SRLP) for 46,893 shares. 220,282 were reported by Spirit Of America Mgmt Corp Ny. First Advsr Ltd Partnership has invested 0.01% in Sprague Resources LP (NYSE:SRLP). Raymond James & Associates owns 25,436 shares. 14,094 were reported by Fort Washington Inv Advsr Inc Oh. Bnp Paribas Arbitrage invested in 3,502 shares. 38,843 are held by Wells Fargo And Communication Mn. Manufacturers Life The stated it has 697 shares or 0% of all its holdings. Citigroup holds 0% or 650 shares. California Employees Retirement System invested in 0% or 45,321 shares. Moreover, Cohen And Steers has 0.01% invested in Sprague Resources LP (NYSE:SRLP).

Among 7 analysts covering Sprague Resources (NYSE:SRLP), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. Sprague Resources had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Sell” rating by J.P. Morgan on Friday, April 6. The stock has “Buy” rating by Janney Capital on Monday, March 20. The stock of Sprague Resources LP (NYSE:SRLP) earned “Hold” rating by J.P. Morgan on Tuesday, November 21. The firm has “Outperform” rating by FBR Capital given on Friday, September 9. The firm has “Buy” rating given on Wednesday, March 14 by FBR Capital. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, December 19 report. JP Morgan downgraded the shares of SRLP in report on Friday, April 6 to “Underweight” rating. The stock of Sprague Resources LP (NYSE:SRLP) has “Outperform” rating given on Monday, January 4 by Raymond James.

Sprague Resources LP (NYSE:SRLP) Institutional Positions Chart

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