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NYSE:GLP

Global Partners Stock Forecast, Price & News

$17.28
-0.18 (-1.03 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$17.20
Now: $17.28
$17.47
50-Day Range
$13.82
MA: $15.26
$17.46
52-Week Range
$6.30
Now: $17.28
$20.69
Volume30,835 shs
Average Volume148,939 shs
Market Capitalization$587.43 million
P/E Ratio6.62
Dividend Yield11.45%
Beta1.54
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, 2019, the company had a portfolio of 1,551 owned, leased, and/or supplied gasoline stations, which included 289 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10.8 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: 0.8Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.28 out of 5 stars


Industry, Sector and Symbol

Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
CUSIPN/A
Phone781-894-8800
Employees2,540

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.08 billion
Cash Flow$5.14 per share
Book Value$11.53 per share

Profitability

Net Income$34.49 million

Miscellaneous

Market Cap$587.43 million
Next Earnings Date3/5/2021 (Estimated)
OptionableOptionable
$17.28
-0.18 (-1.03 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Global Partners (NYSE:GLP) Frequently Asked Questions

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

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 increased by 30.9% and is now trading at $17.28.
View which stocks have been most impacted by COVID-19
.

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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Global Partners?

Wall Street analysts have given Global Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Global Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Global Partners' next earnings date?

Global Partners is scheduled to release its next quarterly earnings announcement on Friday, March 5th 2021.
View our earnings forecast for Global Partners
.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) posted its quarterly earnings results on Thursday, November, 5th. The energy company reported $0.47 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.38. Global Partners had a net margin of 0.88% and a return on equity of 26.44%.
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 Monday, October 26th. Investors of record on Monday, November 9th will be paid a dividend of $0.50 per share on Friday, November 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date of this dividend is Friday, November 6th. This is an increase from Global Partners's previous quarterly dividend of $0.46.
View Global Partners' dividend history
.

What price target have analysts set for GLP?

4 equities research analysts have issued 12-month price targets for Global Partners' stock. Their forecasts range from $9.00 to $21.00. On average, they expect Global Partners' share price to reach $15.25 in the next year. This suggests that the stock has a possible downside of 11.7%.
View analysts' price targets for Global Partners
.

Are investors shorting Global Partners?

Global Partners saw a increase in short interest in October. As of October 30th, there was short interest totaling 88,200 shares, an increase of 20.7% from the October 15th total of 73,100 shares. Based on an average daily volume of 111,400 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company's shares are sold short.
View Global Partners' Short Interest
.

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 54, Pay $1.7M)
  • Ms. Daphne H. Foster, CFO & Director of Global GP LLC (Age 62, Pay $824.68k)
  • Mr. Mark A. Romaine, Chief Operating Officer of Global GP LLC (Age 51, Pay $958.92k)
  • Mr. Matthew Spencer, Chief Accounting Officer of Global GP LLC (Age 41, Pay $445.15k)
  • Mr. Edward J. Faneuil, Exec. VP, Gen. Counsel & Sec. of Global GP LLC (Age 67, Pay $847.78k)
  • Mr. Andrew P. Slifka, Exec. VP, Pres of GDSO Division & Director of Global GP LLC (Age 51, Pay $738.24k)
  • Mr. Scott Solomon, VP, Investor Relations

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 investors include Morgan Stanley (2.39%), Proficio Capital Partners LLC (1.12%), California Public Employees Retirement System (0.16%), Kayne Anderson Capital Advisors LP (0.13%), Sanders Morris Harris LLC (0.11%) and Avantax Advisory Services Inc. (0.09%). Company insiders that own Global Partners stock include Andrew P Slifka, David K Mckown, Global Gp Llc, Richard Slifka and Robert J Mccool.
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 Kayne Anderson Capital Advisors LP, and Proficio Capital Partners LLC.
View insider buying and selling activity for Global Partners
.

Which institutional investors are buying Global Partners stock?

GLP stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Sanders Morris Harris LLC, Arrow Investment Advisors LLC, Roosevelt Investment Group Inc., Avantax Advisory Services Inc., California Public Employees Retirement System, Raymond James & Associates, and Penbrook Management LLC. Company insiders that have bought Global Partners stock in the last two years include Andrew P Slifka, Global Gp Llc, 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 $17.28.

How big of a company is Global Partners?

Global Partners has a market capitalization of $587.43 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 2,540 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 11/29/2020 by MarketBeat.com Staff

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