CrossAmerica Partners shares hit lowest value since August 2014
CrossAmerica Partners LP (NYSA: CALP), a fuel distributor and retailer, closed Monday at $27.45 hitting their lowest share price since August 2014. They have seen their share value drop by 4.1% in the past week.
Monday saw CrossAmerica close the day at $27.45, the lowest value in almost a year and a 2.17% drop in relation to Friday´s positve period of $28.06.
After seeing their shares go up to around $33.00 in mid-July, they are on their way to closing the month on a similar manner to June, at around $28.00.
The wholesale fuel distributor and station operator has undergone a difficult 2015 after closing last year with an all-time high value of $40.29.
CrossAmerica Partners LP distributes fuel to more than 1,100 locations and owns or leases almost 750 filling stations in 21 states.
In October 1, CST Brands, Inc acquired the general partner of Lehigh Gas Partners LP and renamed the partnership CrossAmerica Partners LP. They also rank as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for many additional brands.
They will be announcing second quarter earnings for 2015 on August 7 in a joint conference with parent company CST Brands.