CrossAmerica Partners (NYSE:CAPL) Lifted to Strong-Buy at StockNews.com

CrossAmerica Partners (NYSE:CAPL) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

CrossAmerica Partners Stock Down 1.2 %

CAPL traded down $0.25 on Friday, reaching $19.81. The company’s stock had a trading volume of 52,197 shares, compared to its average volume of 39,022. The company has a market capitalization of $753.31 million, a price-to-earnings ratio of 32.48 and a beta of 1.50. CrossAmerica Partners has a fifty-two week low of $18.43 and a fifty-two week high of $24.19. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 250.71. The stock has a 50 day moving average of $19.92 and a two-hundred day moving average of $21.28.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $941.55 million during the quarter, compared to analysts’ expectations of $1.17 billion. CrossAmerica Partners had a net margin of 0.56% and a return on equity of 701.44%. As a group, analysts forecast that CrossAmerica Partners will post 0.28 EPS for the current fiscal year.

Institutional Trading of CrossAmerica Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in shares of CrossAmerica Partners in the 1st quarter worth $31,000. GSA Capital Partners LLP lifted its position in CrossAmerica Partners by 79.7% in the first quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock valued at $830,000 after purchasing an additional 16,153 shares during the period. Janney Montgomery Scott LLC boosted its holdings in CrossAmerica Partners by 10.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock valued at $470,000 after purchasing an additional 1,872 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in CrossAmerica Partners during the 1st quarter worth approximately $205,000. Finally, Raymond James & Associates raised its stake in shares of CrossAmerica Partners by 0.9% during the 4th quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after buying an additional 774 shares in the last quarter. 24.06% of the stock is owned by hedge funds and other institutional investors.

About CrossAmerica Partners

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.