NYSE:GLP - Global Partners Stock Price, News, & Analysis

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$18.84 -0.27 (-1.41 %)
(As of 02/21/2019 09:11 AM ET)
Previous Close$19.11
Today's Range$18.84 - $19.15
52-Week Range$13.63 - $21.05
Volume35,856 shs
Average Volume68,039 shs
Market Capitalization$640.56 million
P/E Ratio13.55
Dividend Yield10.47%
Beta0.96
Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada for distribution to refiners and other customers. The Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. As of December 31, 2017, this segment had a portfolio of 1,455 owned, leased, and/or supplied gasoline stations, which included 264 convenience stores in the Northeast, Maryland, and Virginia. The Commercial segment delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. The company also owns, leases, or maintains storage facilities at 24 bulk terminals with a collective storage capacity of 10.1 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

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Industry, Sector and Symbol

Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone781-894-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.92 billion
Cash Flow$4.6290 per share
Book Value$11.60 per share

Profitability

Net Income$58.35 million

Miscellaneous

Employees2,000
Market Cap$640.56 million
OptionableOptionable

Global Partners (NYSE:GLP) Frequently Asked Questions

What is Global Partners' stock symbol?

Global Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."

How often does Global Partners pay dividends? What is the dividend yield for Global Partners?

Global Partners announced a quarterly dividend on Monday, January 28th. Investors of record on Friday, February 8th will be paid a dividend of $0.50 per share on Thursday, February 14th. This represents a $2.00 annualized dividend and a yield of 10.62%. The ex-dividend date is Thursday, February 7th. This is a boost from Global Partners's previous quarterly dividend of $0.48. View Global Partners' Dividend History.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) announced its earnings results on Thursday, August, 9th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.07. The energy company earned $3.13 billion during the quarter, compared to the consensus estimate of $2.66 billion. Global Partners had a return on equity of 1.82% and a net margin of 0.59%. View Global Partners' Earnings History.

When is Global Partners' next earnings date?

Global Partners is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Global Partners.

What price target have analysts set for GLP?

4 analysts have issued 1-year price objectives for Global Partners' shares. Their forecasts range from $17.00 to $20.00. On average, they expect Global Partners' share price to reach $19.00 in the next year. This suggests a possible upside of 0.8% from the stock's current price. View Analyst Price Targets for Global Partners.

What is the consensus analysts' recommendation for Global Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Global Partners.

Has Global Partners been receiving favorable news coverage?

Media headlines about GLP stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Global Partners earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned media stories about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Global Partners' key competitors?

Who are Global Partners' key executives?

Global Partners' management team includes the folowing people:
  • Mr. Eric S. Slifka, Pres, CEO & Director of Global GP LLC (Age 53)
  • Ms. Daphne H. Foster, CFO & Director of Global GP LLC (Age 61)
  • Mr. Mark A. Romaine, Chief Operating Officer of Global GP LLC (Age 50)
  • Mr. Edward J. Faneuil, Exec. VP, Gen. Counsel & Sec. of Global GP LLC (Age 66)
  • Mr. Andrew P. Slifka, Exec. VP & Director of Global GP LLC (Age 50)

Who are Global Partners' major shareholders?

Global Partners' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (7.08%), First Trust Advisors LP (0.83%), Van ECK Associates Corp (0.47%), Bank of America Corp DE (0.46%), California Public Employees Retirement System (0.35%) and Spirit of America Management Corp NY (0.32%). View Institutional Ownership Trends for Global Partners.

Which institutional investors are selling Global Partners stock?

GLP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Bank of America Corp DE, GSA Capital Partners LLP, Spirit of America Management Corp NY, Van ECK Associates Corp, Citigroup Inc., Kayne Anderson Capital Advisors LP and California Public Employees Retirement System. View Insider Buying and Selling for Global Partners.

Which institutional investors are buying Global Partners stock?

GLP stock was acquired by a variety of institutional investors in the last quarter, including Anchor Capital Advisors LLC, Bank of Montreal Can, Fisher Asset Management LLC, Barclays PLC, Albert D Mason Inc., Tortoise Index Solutions LLC, Commonwealth Equity Services LLC and Winslow Evans & Crocker Inc.. View Insider Buying and Selling for Global Partners.

How do I buy shares of Global Partners?

Shares of GLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Global Partners' stock price today?

One share of GLP stock can currently be purchased for approximately $18.84.

How big of a company is Global Partners?

Global Partners has a market capitalization of $640.56 million and generates $8.92 billion in revenue each year. The energy company earns $58.35 million in net income (profit) each year or $1.39 on an earnings per share basis. Global Partners employs 2,000 workers across the globe.

What is Global Partners' official website?

The official website for Global Partners is http://www.globalp.com.

How can I contact Global Partners?

Global Partners' mailing address is P.O. BOX 9161 800 SOUTH STREET, WALTHAM MA, 02454. The energy company can be reached via phone at 781-894-8800 or via email at [email protected]


MarketBeat Community Rating for Global Partners (NYSE GLP)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  189 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  511
MarketBeat's community ratings are surveys of what our community members think about Global Partners and other stocks. Vote "Outperform" if you believe GLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2019 by MarketBeat.com Staff

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