Global Partners - GLP Stock Forecast, Price & News

1 Wall Street 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 research analysts is that investors should "buy" GLP shares.
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1 Wall Street research analysts have issued 12-month price targets for Global Partners' shares. Their GLP share price forecasts range from $26.00 to $26.00. On average, they anticipate the company's share price to reach $26.00 in the next twelve months. This suggests that the stock has a possible downside of 17.7%.
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Global Partners' stock was trading at $23.49 at the beginning of the year. Since then, GLP stock has increased by 34.5% and is now trading at $31.60.
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Global Partners saw a increase in short interest in October. As of October 31st, there was short interest totaling 172,500 shares, an increase of 9.7% from the October 15th total of 157,300 shares. Based on an average trading volume of 108,700 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the company's stock are sold short.
View Global Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our GLP earnings forecast.

Global Partners LP (NYSE:GLP) released its quarterly earnings results on Friday, November, 5th. The energy company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.64 by $0.22. The energy company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.86 billion. Global Partners had a net margin of 1.75% and a trailing twelve-month return on equity of 51.58%. During the same period in the prior year, the business earned $0.47 EPS.

Global Partners declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Tuesday, November 8th will be paid a dividend of $0.625 per share on Monday, November 14th. This represents a $2.50 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend is Monday, November 7th. This is a boost from the stock's previous quarterly dividend of $0.61.
Read our dividend analysis for GLP.

Global Partners (NYSE:GLP) pays an annual dividend of $2.50 per share and currently has a dividend yield of 7.83%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GLP will have a dividend payout ratio of 78.13% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GLP.

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.

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).

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

Global Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pallas Capital Advisors LLC (4.08%), Royal Bank of Canada (0.53%), First Trust Advisors LP (0.40%), ING Groep NV (0.25%), BNP Paribas Arbitrage SNC (0.14%) and UBS Group AG (0.13%). Insiders that own company stock include Andrew P Slifka, Global Gp Llc, Jaime Pereira, Jeremy Langhorn, Richard Slifka and Robert J Mccool.
View institutional ownership trends.

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.
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One share of GLP stock can currently be purchased for approximately $31.60.

Global Partners (NYSE:GLP) has a market capitalization of $1.07 billion and generates $13.25 billion in revenue each year. The energy company earns $57.22 million in net income (profit) each year or $8.93 on an earnings per share basis.

The company employs 3,490 workers across the globe.

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.