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NYSE:GLPGlobal Partners Stock Price, Forecast & News

$11.29
+0.81 (+7.73 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$10.78
Now: $11.29
$11.39
50-Day Range
$9.48
MA: $10.46
$12.14
52-Week Range
$6.30
Now: $11.29
$21.62
Volume325,714 shs
Average Volume126,536 shs
Market Capitalization$383.75 million
P/E Ratio15.90
Dividend Yield15.03%
Beta1.58
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 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 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, 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 end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. As of December 31, 2018, the company had a portfolio of 1,579 owned, leased, and/or supplied gasoline stations, which included 297 directly operated convenience stores primarily in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey, and Pennsylvania; and owned, leased, or maintained storage facilities at 25 bulk terminals with a collective storage capacity of 11.6 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.08 billion
Cash Flow$5.06 per share
Book Value$11.53 per share

Profitability

Net Income$34.49 million

Miscellaneous

Employees3,860
Market Cap$383.75 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Global Partners (NYSE:GLP) Frequently Asked Questions

How has Global Partners' stock been impacted by COVID-19 (Coronavirus)?

Global Partners' stock was trading at $13.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GLP stock has decreased by 14.5% and is now trading at $11.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Global Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Global Partners.

When is Global Partners' next earnings date?

Global Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Global Partners.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) released its quarterly earnings data on Friday, May, 8th. The energy company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.20. The energy company earned $2.60 billion during the quarter, compared to analysts' expectations of $3.09 billion. Global Partners had a net margin of 0.25% and a return on equity of 11.01%. View Global Partners' earnings history.

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

Global Partners declared a quarterly dividend on Tuesday, January 28th. Shareholders of record on Monday, February 10th will be given a dividend of $0.525 per share on Friday, February 14th. This represents a $2.10 annualized dividend and a dividend yield of 18.60%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Global Partners's previous quarterly dividend of $0.52. View Global Partners' dividend history.

What price target have analysts set for GLP?

4 brokers have issued twelve-month price objectives for Global Partners' shares. Their forecasts range from $10.00 to $21.00. On average, they expect Global Partners' stock price to reach $14.33 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View analysts' price targets for Global Partners.

Has Global Partners been receiving favorable news coverage?

News headlines about GLP stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Global Partners earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage about the energy company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutGlobal Partners.

Are investors shorting Global Partners?

Global Partners saw a drop in short interest in May. As of May 15th, there was short interest totaling 84,900 shares, a drop of 32.3% from the April 30th total of 125,400 shares. Based on an average daily trading volume, of 205,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company's stock are sold short. View Global Partners' Current Options Chain.

Who are some of Global Partners' key competitors?

What other stocks do shareholders of Global Partners own?

Who are Global Partners' key executives?

Global Partners' management team includes the following people:
  • Mr. Eric S. Slifka, Pres, CEO & Vice Chairman 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. Matthew Spencer, Chief Accounting Officer of Global GP LLC (Age 42)
  • Mr. Edward J. Faneuil, Exec. VP, Gen. Counsel & Sec. of Global GP LLC (Age 66)

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 many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (17.78%), Kayne Anderson Capital Advisors LP (6.65%), Morgan Stanley (2.34%), Morgan Stanley (2.34%), Proficio Capital Partners LLC (1.24%) and First Trust Advisors LP (0.82%). Company insiders that own Global Partners stock include Andrew P Slifka, David K Mckown, Richard Slifka and Robert J Mccool. View institutional ownership trends for Global Partners.

Which major investors are selling Global Partners stock?

GLP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, Spirit of America Management Corp NY, UBS Group AG, GSA Capital Partners LLP, and Russell Investments Group Ltd.. View insider buying and selling activity for Global Partners.

Which major investors are buying Global Partners stock?

GLP stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., AE Wealth Management LLC, Vident Investment Advisory LLC, Acadian Asset Management LLC, Advisor Group Holdings Inc., Delta Investment Management LLC, Avantax Advisory Services Inc., and Commonwealth Equity Services LLC. Company insiders that have bought Global Partners stock in the last two years include Andrew P Slifka, Richard Slifka, and Robert J Mccool. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Global Partners' stock price today?

One share of GLP stock can currently be purchased for approximately $11.29.

How big of a company is Global Partners?

Global Partners has a market capitalization of $383.75 million and generates $13.08 billion in revenue each year. The energy company earns $34.49 million in net income (profit) each year or $1.05 on an earnings per share basis. Global Partners employs 3,860 workers across the globe.

What is Global Partners' official website?

The official website for Global Partners is 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]

This page was last updated on 6/7/2020 by MarketBeat.com Staff

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