NYSE:GLP

Global Partners (GLP) Stock Forecast, Price & News

$35.32

+0.33 (+0.94%)

(As of 09/29/2023 ET)

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Today's Range: $34.07
▼
$35.32
50-Day Range: $30.87
▼
$35.32
52-Week Range: $24.69
▼
$39.24

Volume: 193,367 shs
Average Volume: 76,998 shs
Market Capitalization: $1.20 billion

P/E Ratio: 5.51
Dividend Yield: 7.64%
Price Target: N/A

Global Partners MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.72% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.88
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$699,475 Bought Last Quarter
Proj. Earnings Growth: 6.65%
From $3.46 to $3.69 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Oils/Energy Sector

31st out of 249 stocks

Petroleum Bulk Stations & Terminals Industry

1st out of 3 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Global Partners.

3.0

Short Interest

Percentage of Shares Shorted
0.72% of the float of Global Partners has been sold short.
Short Interest Ratio / Days to Cover
Global Partners has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Global Partners has recently increased by 3.38%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Global Partners is a leading dividend payer. It pays a dividend yield of 7.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Global Partners has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Global Partners is 42.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Global Partners will have a dividend payout ratio of 73.17% next year. This indicates that Global Partners will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GLP.

3.8

News and Social Media Coverage

News Sentiment
Global Partners has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Global Partners this week, compared to 2 articles on an average week.
Search Interest
11 people have searched for GLP on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.
MarketBeat Follows
12 people have added Global Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Global Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $699,475.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
41.50% of the stock of Global Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 32.01% of the stock of Global Partners is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Global Partners are expected to grow by 6.65% in the coming year, from $3.46 to $3.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Global Partners is 5.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Global Partners is 5.51, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.01.
Price to Book Value per Share Ratio
Global Partners has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Global Partners (NYSE:GLP) Stock

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil, and propane to home heating oil retailers and wholesale distributors. This segment also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. Its 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. The company's Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2022, it had a portfolio of 1,673 owned, leased, and supplied gasoline stations, which included 353 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10 million barrels. The company serves as the general partner of the company. Global Partners LP was incorporated in 2005 and is based in Waltham, Massachusetts.

GLP Price History

30 days | 90 days | 365 days | Advanced Chart

GLP Stock News Headlines

September 29, 2023 | finance.yahoo.com

Global Partners LP (GLP) Moves 5.6% Higher: Will This Strength Last?

September 24, 2023 | americanbankingnews.com

Insider Buying: Global Partners LP (NYSE:GLP) Insider Acquires $330,000.00 in Stock

October 1, 2023 | Oxford Club (Ad)

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September 24, 2023 | americanbankingnews.com

Global Partners LP (NYSE:GLP) Insider Purchases $331,200.00 in Stock

September 14, 2023 | finance.yahoo.com

All You Need to Know About Global Partners LP (GLP) Rating Upgrade to Strong Buy

August 25, 2023 | finance.yahoo.com

Global Partners LP Announces Availability of 2022 Schedule K-3

August 21, 2023 | finance.yahoo.com

Kinder Morgan's (KMI) Tennessee Pipeline Declares Force Majeure

August 21, 2023 | seekingalpha.com

GLP.PRA - Sell It Given The Refinancing Risk

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

August 14, 2023 | msn.com

Global Partners LP: Gas Fuels The Potential For Future Distribution Increases

August 11, 2023 | seekingalpha.com

Global Partners: Some Signs Of Economic Weakness, But Still Reasonable Results

August 5, 2023 | finance.yahoo.com

Global Partners LP (NYSE:GLP) Q2 2023 Earnings Call Transcript

August 5, 2023 | finance.yahoo.com

Q2 2023 Global Partners LP Earnings Call

August 4, 2023 | finance.yahoo.com

Global Partners Reports Second-Quarter 2023 Financial Results

August 4, 2023 | benzinga.com

Global Partners Q2 Earnings Miss Estimates, Executes Strategic Priorities To Boost Competitive Position

August 3, 2023 | finance.yahoo.com

What Will Global Partners' (GLP) Q2 Earnings Unveil?

July 26, 2023 | msn.com

Global Partners LP (GLP) Just Reclaimed the 200-Day Moving Average

July 25, 2023 | finance.yahoo.com

Global Partners Declares Second-Quarter 2023 Cash Distribution of $0.6750 on Common Units

July 21, 2023 | finance.yahoo.com

Global Partners LP to Host Second-Quarter 2023 Financial Results Conference Call on August 4, 2023

June 20, 2023 | finance.yahoo.com

GLP - Global Partners LP

June 19, 2023 | finance.yahoo.com

Fast-paced Momentum Stock Global Partners LP (GLP) Is Still Trading at a Bargain

May 22, 2023 | bloomberg.com

Former Investor Darling GLP Is Now Sliding Into Distress in Asia

May 11, 2023 | finance.yahoo.com

2 Energy Stocks to Consider Buying After Earnings

May 10, 2023 | finance.yahoo.com

Global Partners LP (NYSE:GLP) Q1 2023 Earnings Call Transcript

May 7, 2023 | benzinga.com

Global Partners Stock (NYSE:GLP), Guidance and Forecast

May 5, 2023 | finance.yahoo.com

Q1 2023 Global Partners LP Earnings Call

May 5, 2023 | msn.com

Global Partners Reports Q1 EPS Beat, Strong Gasoline Distribution And Station Operations Performance

See More Headlines

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GLP Company Calendar

Last Earnings: 8/04/2023
Ex-Dividend for 8/14 Dividend: 8/07/2023
Dividend Payable: 8/14/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Petroleum bulk stations & terminals
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:GLP
CUSIP: N/A
CIK: 1323468
Web: www.globalp.com
Phone: (781) 894-8800
Fax: 781-398-4165
Employees: 4,310
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $6.41
Trailing P/E Ratio: 5.51
Forward P/E Ratio: 10.21
P/E Growth: N/A
Net Income: $355.07 million
Net Margins: 1.41%
Pretax Margin: 1.50%
Return on Equity: 38.07%
Return on Assets: 7.98%

Debt

Debt-to-Equity Ratio: 1.67
Current Ratio: 1.19
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $18.88 billion
Price / Sales: 0.06
Cash Flow: $11.70 per share
Price / Cash Flow: 3.02
Book Value: $19.17 per share
Price / Book: 1.84

Miscellaneous

Outstanding Shares: 33,860,000
Free Float: 19,806,000
Market Cap: $1.20 billion
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Eric S. Slifka (Age 57)
Pres, CEO & Vice Chairman of Global GP LLC
Comp: $7.57M

Mr. Gregory B. Hanson (Age 45)
Chief Financial Officer of Global GP LLC
Comp: $1.8M

Mr. Mark A. Romaine (Age 54)
Chief Operating Officer of Global GP LLC
Comp: $3.27M

Mr. Matthew Spencer (Age 44)
Chief Accounting Officer of Global GP LLC
Comp: $1.4M

Mr. Sean T. Geary (Age 55)
Chief Legal Officer & Sec.
Comp: $1.43M

Lorraine Spadaro
Chief Information Officer

Mr. Scott Solomon
VP of Investor Relations

Catie Kerns
VP of Communications & SVP of Corp. Affairs

Philip Segaloff
Sr. Associate Gen. Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GLP Stock - Frequently Asked Questions

Should I buy or sell Global Partners stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLP shares.
View GLP analyst ratings or view top-rated stocks.
How have GLP shares performed in 2023?: Global Partners' stock was trading at $34.77 at the start of the year. Since then, GLP shares have increased by 1.6% and is now trading at $35.32.
View the best growth stocks for 2023 here.
When is Global Partners' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our GLP earnings forecast.
How were Global Partners' earnings last quarter?: Global Partners LP (NYSE:GLP) announced its quarterly earnings data on Friday, August, 4th. The energy company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.23. The energy company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.09 billion. Global Partners had a net margin of 1.41% and a trailing twelve-month return on equity of 38.07%.
How often does Global Partners pay dividends? What is the dividend yield for Global Partners?: Global Partners declared a quarterly dividend on Tuesday, July 25th. Investors of record on Tuesday, August 8th will be given a dividend of $0.675 per share on Monday, August 14th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Monday, August 7th. This is an increase from the stock's previous quarterly dividend of $0.61.
Read our dividend analysis for GLP.
What ETFs hold Global Partners' stock?: ETFs with the largest weight of Global Partners (NYSE:GLP) stock in their portfolio include Global SuperDividend US ETF (DIV), Multi-Asset Diversified Income Index Fund (MDIV), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Tortoise North American Pipeline Fund (TPYP) and
Is Global Partners a good dividend stock?: Global Partners (NYSE:GLP) pays an annual dividend of $2.70 per share and currently has a dividend yield of 7.64%. GLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLP will have a dividend payout ratio of 73.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLP.

What is Eric Slifka's approval rating as Global Partners' CEO?: 55 employees have rated Global Partners Chief Executive Officer Eric Slifka on Glassdoor.com. Eric Slifka has an approval rating of 83% among the company's employees.
What other stocks do shareholders of Global Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Global Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), Omega Healthcare Investors (OHI), Annaly Capital Management (NLY), GasLog Partners (GLOP), AGNC Investment (AGNC) and Iron Mountain (IRM).
What is Global Partners' stock symbol?: Global Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."
How do I buy shares of Global Partners?: Shares of GLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Global Partners' stock price today?: One share of GLP stock can currently be purchased for approximately $35.32.
How much money does Global Partners make?: Global Partners (NYSE:GLP) has a market capitalization of $1.20 billion and generates $18.88 billion in revenue each year. The energy company earns $355.07 million in net income (profit) each year or $6.41 on an earnings per share basis.
How many employees does Global Partners have?: The company employs 4,310 workers across the globe.
How can I contact Global Partners?: Global Partners' mailing address is P.O. BOX 9161 800 SOUTH STREET, WALTHAM MA, 02454. The official website for the company is www.globalp.com. The energy company can be reached via phone at (781) 894-8800, via email at glp@investorrelations.com, or via fax at 781-398-4165.

This page (NYSE:GLP) was last updated on 10/1/2023 by MarketBeat.com Staff

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