CrossAmerica Partners (NYSE:CAPL) Stock Rating Upgraded by StockNews.com

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

CrossAmerica Partners Stock Up 0.0 %

Shares of NYSE:CAPL opened at $20.15 on Friday. CrossAmerica Partners has a fifty-two week low of $18.43 and a fifty-two week high of $24.19. The stock has a market cap of $766.71 million, a price-to-earnings ratio of 38.75 and a beta of 1.50. The firm’s 50 day moving average price is $20.98 and its 200 day moving average price is $20.37.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.28 billion. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. During the same period last year, the business earned $0.31 EPS. On average, equities analysts anticipate that CrossAmerica Partners will post 0.42 EPS for the current year.

Hedge Funds Weigh In On CrossAmerica Partners

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in shares of CrossAmerica Partners by 18.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after buying an additional 4,267 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of CrossAmerica Partners in the 2nd quarter valued at $348,000. EverSource Wealth Advisors LLC raised its stake in CrossAmerica Partners by 376.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,000 shares in the last quarter. IFG Advisory LLC purchased a new stake in CrossAmerica Partners in the second quarter valued at $332,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in CrossAmerica Partners in the first quarter valued at $205,000. 24.06% of the stock is currently owned by hedge funds and other 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.