Global Partners - GLP Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

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.

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 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.

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 $25.39.

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.

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.