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 twelve months. 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 analysts have issued twelve-month price targets for Global Partners' stock. 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 28.9%.
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Global Partners' stock was trading at $34.77 at the beginning of the year. Since then, GLP shares have increased by 5.1% and is now trading at $36.55.
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Global Partners saw a decrease in short interest in January. As of January 15th, there was short interest totaling 363,500 shares, a decrease of 13.6% from the December 31st total of 420,600 shares. Based on an average daily trading volume, of 227,100 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the shares of the company 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) issued its quarterly earnings data on Friday, November, 4th. The energy company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $1.79. The energy company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.11 billion. Global Partners had a trailing twelve-month return on equity of 51.58% and a net margin of 1.75%.

Global Partners announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, February 8th will be given a dividend of $1.572 per share on Tuesday, February 14th. This represents a $6.29 dividend on an annualized basis and a dividend yield of 17.20%. The ex-dividend date of this dividend is Tuesday, February 7th. This is a boost from the stock's previous quarterly dividend of $0.63.
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 6.84%. 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 many different institutional and retail investors. Top institutional shareholders include Pallas Capital Advisors LLC (4.14%), Jenkins Wealth (0.03%), G&S Capital LLC (0.02%), Counterpoint Mutual Funds LLC (0.01%), Armstrong Advisory Group Inc. (0.00%) and Financial Management Professionals Inc. (0.00%). 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 $36.55.

Global Partners (NYSE:GLP) has a market capitalization of $1.24 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.