CrossAmerica Partners (NYSE:CAPL) Upgraded by StockNews.com to “Buy”

CrossAmerica Partners (NYSE:CAPLGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

CrossAmerica Partners Stock Up 1.4 %

NYSE:CAPL opened at $20.51 on Wednesday. The company has a debt-to-equity ratio of 17.10, a current ratio of 0.76 and a quick ratio of 0.44. CrossAmerica Partners has a one year low of $18.84 and a one year high of $23.29. The firm’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $20.92. The company has a market cap of $777.92 million, a PE ratio of 19.91 and a beta of 1.79.

CrossAmerica Partners (NYSE:CAPLGet Rating) last posted its quarterly earnings data on Monday, August 8th. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $662.29 million. CrossAmerica Partners had a return on equity of 73.25% and a net margin of 0.85%. On average, research analysts anticipate that CrossAmerica Partners will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On CrossAmerica Partners

A number of large investors have recently bought and sold shares of CAPL. American Financial Group Inc. grew its stake in CrossAmerica Partners by 4.5% in the 2nd quarter. American Financial Group Inc. now owns 11,500 shares of the oil and gas company’s stock valued at $233,000 after buying an additional 500 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its stake in CrossAmerica Partners by 0.4% during the first quarter. Quadrant Private Wealth Management LLC now owns 153,532 shares of the oil and gas company’s stock valued at $3,349,000 after buying an additional 659 shares during the period. Tortoise Index Solutions LLC grew its position in CrossAmerica Partners by 5.8% during the fourth quarter. Tortoise Index Solutions LLC now owns 14,513 shares of the oil and gas company’s stock worth $277,000 after buying an additional 795 shares in the last quarter. Philadelphia Trust Co. increased its stake in CrossAmerica Partners by 10.0% in the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the oil and gas company’s stock worth $240,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of CrossAmerica Partners by 6.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 17,013 shares of the oil and gas company’s stock valued at $325,000 after acquiring an additional 1,046 shares in the last quarter. 23.49% of the stock is currently owned by institutional investors and hedge funds.

CrossAmerica Partners Company Profile

(Get Rating)

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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