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

CrossAmerica Partners (NYSE:CAPL) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet lowered CrossAmerica Partners from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th.

CrossAmerica Partners Stock Down 5.1 %

CrossAmerica Partners stock traded down $1.12 during midday trading on Thursday, hitting $21.05. The stock had a trading volume of 116,560 shares, compared to its average volume of 37,811. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 250.71. The stock has a market cap of $799.54 million, a P/E ratio of 20.05 and a beta of 1.52. CrossAmerica Partners has a 12 month low of $17.91 and a 12 month high of $24.19. The business has a fifty day moving average price of $22.53 and a 200 day moving average price of $22.57.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.20. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.11 billion. CrossAmerica Partners had a return on equity of 197.82% and a net margin of 0.93%. Research analysts predict that CrossAmerica Partners will post 0.71 EPS for the current year.

Hedge Funds Weigh In On CrossAmerica Partners

Several institutional investors have recently made changes to their positions in CAPL. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CrossAmerica Partners by 4.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 646,510 shares of the oil and gas company’s stock valued at $14,023,000 after purchasing an additional 24,730 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of CrossAmerica Partners by 79.7% during 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. SpiderRock Advisors LLC bought a new position in shares of CrossAmerica Partners during the first quarter valued at approximately $325,000. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners during the third quarter valued at approximately $205,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of CrossAmerica Partners by 3.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 198,611 shares of the oil and gas company’s stock valued at $4,308,000 after purchasing an additional 6,651 shares during the last quarter. 24.06% of the stock is 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.