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MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Sell every Stock except ONE (Ad)
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
Buy Alert For $2 Coin (Ad)pixel
MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Sell every Stock except ONE (Ad)
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
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MarketBeat: Week in Review 9/19 – 9/23
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NYSE:GLP

Global Partners - GLP Stock Forecast, Price & News

$25.39
-2.18 (-7.91%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
$25.04
$27.54
50-Day Range
$24.80
$29.69
52-Week Range
$20.23
$30.26
Volume
207,259 shs
Average Volume
92,337 shs
Market Capitalization
$859.71 million
P/E Ratio
3.81
Dividend Yield
8.78%
Price Target
$26.00

Global Partners MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.4% Upside
$26.00 Price Target
Short Interest
Healthy
0.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Global Partners in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-59.41%
From $7.17 to $2.91 Per Share

Overall MarketRank

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

1.59 out of 5 stars

Oils/Energy Sector

205th out of 254 stocks

Petroleum Bulk Stations & Terminals Industry

2nd out of 3 stocks

GLP stock logo

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. The company 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. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil retailers and wholesale distributors. It 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. The company's 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. Its 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, 2021, the company had a portfolio of 1,595 owned, leased, and supplied gasoline stations, which included 295 directly operated convenience stores; and owned, leased, or maintained storage facilities at 26 bulk terminals with a collective storage capacity of 11.9 million barrels. Global GP LLC serves as the general partner of the company. The company was incorporated in 2005 and is based in Waltham, Massachusetts.

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GLP Stock News Headlines

Global Partners (NYSE: GLP)
Global Partners LP (NYSE:GLP) Short Interest Update
Find 'Strong Buy' Stocks as the Fed Stay Hawkish
Recession Fears? Buy High Yield Essentials
GLP Global Partners LP
The 7 Best Retirement Stocks to Buy Right Now
Global Partners Tops Q1 EPS by 87c
GLP.PAGlobal Partners LP 9.75 PFD UT SR A
See More Headlines
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GLP Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 8/12 Dividend
8/05/2022
Dividend Payable
8/12/2022
Today
9/24/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Petroleum bulk stations & terminals
Sub-Industry
N/A
Employees
3,490
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$57.22 million
Pretax Margin
1.46%

Debt

Sales & Book Value

Annual Sales
$13.25 billion
Cash Flow
$5.82 per share
Book Value
$12.60 per share

Miscellaneous

Free Float
19,806,000
Market Cap
$859.71 million
Optionable
Optionable
Beta
1.25

Key Executives

  • Mr. Eric S. Slifka (Age 56)
    Pres, CEO & Vice Chairman of Global GP LLC
    Comp: $6.59M
  • Mr. Gregory B. Hanson (Age 44)
    Chief Financial Officer of Global GP LLC
    Comp: $985.1k
  • Mr. Mark A. Romaine (Age 53)
    Chief Operating Officer of Global GP LLC
    Comp: $3.07M
  • Mr. Matthew Spencer (Age 43)
    Chief Accounting Officer of Global GP LLC
    Comp: $948.65k
  • Mr. Jeremy Langhorn (Age 55)
    Chief HR Officer of Global GP LLC
    Comp: $1.35M
  • Lorraine Spadaro
    Chief Information Officer
  • Mr. Scott Solomon
    VP of Investor Relations
  • Mr. Sean T. Geary
    Chief Legal Officer & Sec.
  • Catie Kerns
    VP of Communications & SVP of Corp. Affairs













GLP Stock - Frequently Asked Questions

Should I buy or sell Global Partners stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GLP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GLP, but not buy additional shares or sell existing shares.
View GLP analyst ratings
or view top-rated stocks.

What is Global Partners' stock price forecast for 2022?

1 Wall Street research analysts have issued 1 year price targets for Global Partners' shares. Their GLP share price forecasts range from $26.00 to $26.00. On average, they expect the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for GLP
or view top-rated stocks among Wall Street analysts.

How have GLP shares performed in 2022?

Global Partners' stock was trading at $23.49 at the beginning of 2022. Since then, GLP shares have increased by 8.1% and is now trading at $25.39.
View the best growth stocks for 2022 here
.

Are investors shorting Global Partners?

Global Partners saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 156,600 shares, an increase of 7.6% from the August 15th total of 145,600 shares. Based on an average daily volume of 113,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the company's shares are short sold.
View Global Partners' Short Interest
.

When is Global Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GLP earnings forecast
.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) released its quarterly earnings data on Friday, November, 5th. The energy company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 39.82% and a net margin of 1.43%. During the same period in the previous year, the firm posted $0.47 EPS.

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

Global Partners declared a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, August 8th will be paid a dividend of $0.605 per share on Friday, August 12th. This represents a $2.42 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date is Friday, August 5th. This is a positive change from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for GLP
.

Is Global Partners a good dividend stock?

Global Partners (NYSE:GLP) pays an annual dividend of $2.42 per share and currently has a dividend yield of 8.78%. 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 36.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GLP will have a dividend payout ratio of 83.16% in the coming year. This indicates that the company may not be able to sustain their current 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?
What is Global Partners' stock symbol?

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

Who are Global Partners' major shareholders?

Global Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (0.57%), BNP Paribas Arbitrage SA (0.00%), UBS Group AG (0.00%), Bramshill Investments LLC (0.18%), ING Groep NV (0.12%) and Tortoise Capital Advisors L.L.C. (0.10%). Insiders that own company stock include Andrew P Slifka, Global Gp Llc, Jeremy Langhorn, Richard Slifka and Robert J Mccool.
View institutional ownership trends
.

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 $25.39.

How much money does Global Partners make?

Global Partners (NYSE:GLP) has a market capitalization of $859.71 million and generates $13.25 billion in revenue each year. The energy company earns $57.22 million in net income (profit) each year or $6.67 on an earnings per share basis.

How many employees does Global Partners have?

The company employs 3,490 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 9/24/2022 by MarketBeat.com Staff

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