Sprague Resources LP (SRLP) was a big mover last session, as the company saw its shares rise about 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $21.63 to $23.82 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increase and one decrease over the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Sprague Resources currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is World Fuel Services Corp. (INT), carrying a Zacks Rank #1 (Strong Buy).
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SPRAGUE RESRCS (SRLP): Free Stock Analysis Report
WORLD FUEL SVCS (INT): Free Stock Analysis Report
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