Sprague Resources LP (SRLP) EPS Estimated At $1.55; Dumont & Blake Investment Advisors Raised Schlumberger LTD (SLB) Stake By $1.21 Million

May 13, 2018 - By Nellie Frank

Schlumberger Limited (NYSE:SLB) Logo

Analysts expect Sprague Resources LP (NYSE:SRLP) to report $1.55 EPS on May, 14.They anticipate $1.39 EPS change or 47.28% from last quarter’s $2.94 EPS. SRLP’s profit would be $35.23 million giving it 3.77 P/E if the $1.55 EPS is correct. After having $-0.63 EPS previously, Sprague Resources LP’s analysts see -346.03% EPS growth. The stock increased 0.23% or $0.05 during the last trading session, reaching $23.35. About 29,114 shares traded. Sprague Resources LP (NYSE:SRLP) has declined 11.28% since May 13, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Dumont & Blake Investment Advisors Llc increased Schlumberger Ltd (SLB) stake by 1201.33% reported in 2017Q4 SEC filing. Dumont & Blake Investment Advisors Llc acquired 18,020 shares as Schlumberger Ltd (SLB)’s stock declined 4.39%. The Dumont & Blake Investment Advisors Llc holds 19,520 shares with $1.32M value, up from 1,500 last quarter. Schlumberger Ltd now has $98.46 billion valuation. The stock decreased 0.06% or $0.04 during the last trading session, reaching $71.08. About 5.45M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since May 13, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company has market cap of $530.68 million. The firm operates through four divisions: Refined Products, Natural Gas, Materials Handling, and Other Operations. It has a 20.66 P/E ratio. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale and commercial customers.

Among 7 analysts covering Sprague Resources (NYSE:SRLP), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. Sprague Resources had 11 analyst reports since August 10, 2015 according to SRatingsIntel. B. Riley & Co maintained the shares of SRLP in report on Tuesday, December 19 with “Buy” rating. The firm has “Buy” rating by Janney Capital given on Monday, March 20. On Wednesday, March 14 the stock rating was maintained by FBR Capital with “Buy”. J.P. Morgan downgraded it to “Sell” rating and $2500 target in Friday, April 6 report. JP Morgan downgraded Sprague Resources LP (NYSE:SRLP) on Friday, April 6 to “Underweight” rating. The company was initiated on Tuesday, November 21 by J.P. Morgan. The stock has “Outperform” rating by Raymond James on Monday, January 4. As per Friday, September 9, the company rating was initiated by FBR Capital.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.29, from 0.89 in 2017Q3. It improved, as 3 investors sold Sprague Resources LP shares while 8 reduced holdings. 4 funds opened positions while 9 raised stakes. 4.85 million shares or 2.98% less from 5.00 million shares in 2017Q3 were reported. Toronto Dominion Natl Bank owns 17 shares for 0% of their portfolio. Raymond James And Assocs holds 23,416 shares. Wells Fargo & Company Mn reported 0% of its portfolio in Sprague Resources LP (NYSE:SRLP). Moreover, Doheny Asset Ca has 1.79% invested in Sprague Resources LP (NYSE:SRLP) for 158,550 shares. Manufacturers Life Insur The owns 697 shares. First Republic Inv Mngmt owns 12,475 shares. Bnp Paribas Arbitrage Sa owns 0% invested in Sprague Resources LP (NYSE:SRLP) for 3,502 shares. Cohen And Steers Inc holds 0.01% in Sprague Resources LP (NYSE:SRLP) or 175,942 shares. Tower Rech Ltd Liability Com (Trc) invested in 878 shares. Royal Savings Bank Of Canada invested in 0% or 300 shares. 85,230 were reported by Van Eck Corp. Fort Washington Invest Oh has 0% invested in Sprague Resources LP (NYSE:SRLP). Morgan Stanley reported 0% of its portfolio in Sprague Resources LP (NYSE:SRLP). Spirit Of America Mgmt Ny reported 220,282 shares or 0.59% of all its holdings. Janney Montgomery Scott Limited Com, Pennsylvania-based fund reported 66,640 shares.

More recent Sprague Resources LP (NYSE:SRLP) news were published by: Seekingalpha.com which released: “Sprague Resources’ (SRLP) CEO David Glendon on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. Also Globenewswire.com published the news titled: “Sprague Resources LP Reports First Quarter 2018 Results” on May 08, 2018. Globenewswire.com‘s news article titled: “Sprague Resources LP Announces Cash Distribution for the First Quarter of 2018 and Earnings Conference Call …” with publication date: April 26, 2018 was also an interesting one.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. has $120 highest and $70 lowest target. $83.54’s average target is 17.53% above currents $71.08 stock price. Schlumberger Limited. had 148 analyst reports since July 22, 2015 according to SRatingsIntel. Howard Weil maintained the shares of SLB in report on Monday, January 25 with “Focus Stock” rating. The company was upgraded on Wednesday, August 26 by Standpoint Research. The company was upgraded on Tuesday, May 10 by Guggenheim. Cowen & Co maintained the stock with “Outperform” rating in Monday, April 25 report. The company was downgraded on Wednesday, October 11 by BMO Capital Markets. Susquehanna maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. Susquehanna has “Buy” rating and $8700 target. The firm earned “Buy” rating on Friday, September 29 by Jefferies. The stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given on Monday, July 11 by Jefferies. The stock has “Buy” rating by Credit Suisse on Monday, July 24. Citigroup maintained the shares of SLB in report on Tuesday, March 29 with “Buy” rating.

Since January 22, 2018, it had 3 insider buys, and 2 selling transactions for $6.71 million activity. AYAT SIMON sold 75,000 shares worth $5.91M. KIBSGAARD PAAL also bought $646,800 worth of Schlumberger Limited (NYSE:SLB) shares. 5,000 Schlumberger Limited (NYSE:SLB) shares with value of $323,950 were bought by Schorn Patrick. $1.96 million worth of Schlumberger Limited (NYSE:SLB) shares were sold by Guild Howard. 3,000 shares were bought by Al Mogharbel Khaled, worth $192,900 on Wednesday, March 28.

Sprague Resources LP (NYSE:SRLP) Institutional Positions Chart

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