CrossAmerica Partners LP (NYSE:CAPL – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 85,000 shares, an increase of 26.5% from the September 30th total of 67,200 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 32,800 shares, the short-interest ratio is presently 2.6 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday.
Check Out Our Latest Report on CrossAmerica Partners
Institutional Inflows and Outflows
CrossAmerica Partners Price Performance
NYSE CAPL traded up $0.17 on Wednesday, reaching $21.14. The company had a trading volume of 789 shares, compared to its average volume of 35,949. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The firm has a 50-day moving average of $20.82 and a 200-day moving average of $20.56. The firm has a market capitalization of $803.89 million, a PE ratio of 34.36 and a beta of 1.51.
CrossAmerica Partners (NYSE:CAPL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.27 billion. As a group, sell-side analysts expect that CrossAmerica Partners will post 0.46 EPS for the current fiscal year.
CrossAmerica Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Monday, November 4th will be issued a $0.525 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 9.93%. CrossAmerica Partners’s dividend payout ratio is presently 344.26%.
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.
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