StockNews.com Upgrades CrossAmerica Partners (NYSE:CAPL) to “Strong-Buy”

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

CrossAmerica Partners Trading Down 1.1 %

CAPL stock opened at $20.31 on Wednesday. The firm has a market cap of $772.33 million, a P/E ratio of 36.27 and a beta of 1.50. CrossAmerica Partners has a 12-month low of $18.43 and a 12-month high of $24.19. The stock’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $20.53.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. On average, research analysts forecast that CrossAmerica Partners will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in shares of CrossAmerica Partners in the first quarter worth $31,000. GSA Capital Partners LLP grew its stake in shares of 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 worth $830,000 after purchasing an additional 16,153 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners in the first quarter worth $205,000. Janney Montgomery Scott LLC grew its stake in shares of CrossAmerica Partners by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 1,872 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of CrossAmerica Partners by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock worth $706,000 after purchasing an additional 565 shares in the last quarter. 24.06% of the stock is currently owned by institutional investors.

CrossAmerica Partners Company Profile

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.