CrossAmerica Partners (NYSE:CAPL) Cut to “Buy” at StockNews.com

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

CrossAmerica Partners Stock Performance

Shares of CrossAmerica Partners stock opened at $20.74 on Wednesday. The company has a debt-to-equity ratio of 250.71, a current ratio of 0.76 and a quick ratio of 0.37. The firm has a market cap of $788.68 million, a price-to-earnings ratio of 34.00 and a beta of 1.51. CrossAmerica Partners has a one year low of $18.43 and a one year high of $24.19. The stock’s 50-day moving average is $20.04 and its 200-day moving average is $20.80.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.06 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. Equities analysts predict that CrossAmerica Partners will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tortoise Index Solutions LLC raised its holdings in shares of CrossAmerica Partners by 12.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 24,095 shares of the oil and gas company’s stock valued at $549,000 after purchasing an additional 2,745 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of CrossAmerica Partners in the first quarter valued at approximately $325,000. BNP Paribas Financial Markets boosted its position in CrossAmerica Partners by 1.9% during 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 during the period. Janney Montgomery Scott LLC boosted its holdings in shares of CrossAmerica Partners by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock worth $470,000 after buying an additional 1,872 shares during the period. Finally, GSA Capital Partners LLP grew its position 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 valued at $830,000 after purchasing an additional 16,153 shares during the last quarter. 24.06% of the stock is owned by institutional investors and hedge funds.

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.