About Global Partners LP (NYSE:GLP)
Global Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane. Its segments include Wholesale, Gasoline Distribution and Station Operations and Commercial. In Wholesale segment, the Company engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. In Gasoline Distribution and Station Operations segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. The Commercial segment includes sales and deliveries to end user customers in the public sector and to commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel and natural gas.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Petroleum Product Wholesale
- Sub-Industry: N/A
- Symbol: NYSE:GLP
- CUSIP: N/A
- Web: www.globalp.com
- Market Cap: $613.63 million
- Outstanding Shares: 33,996,000
- 50 Day Moving Avg: $17.43
- 200 Day Moving Avg: $18.02
- 52 Week Range: $14.85 - $21.95
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 42.98
- P/E Growth: -0.60
- Annual Revenue: $8.7 billion
- Price / Sales: 0.07
- Book Value: $11.67 per share
- Price / Book: 1.55
- Annual Dividend: $1.85
- Dividend Yield: 10.6%
- EBITDA: $233.68 million
- Net Margins: -1.83%
- Return on Equity: 0.21%
- Return on Assets: 0.04%
- Debt-to-Equity Ratio: 2.71%
- Current Ratio: 1.59%
- Quick Ratio: 0.78%
- Average Volume: 43,031 shs.
- Beta: 1.06
- Short Ratio: 2.93
Frequently Asked Questions for Global Partners LP (NYSE:GLP)
What is Global Partners LP's stock symbol?
Global Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."
How often does Global Partners LP pay dividends? What is the dividend yield for Global Partners LP?
Global Partners LP announced a quarterly dividend on Friday, July 28th. Investors of record on Wednesday, August 9th will be paid a dividend of $0.463 per share on Monday, August 14th. This represents a $1.85 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend is Monday, August 7th. View Global Partners LP's Dividend History.
How were Global Partners LP's earnings last quarter?
Global Partners LP (NYSE:GLP) released its quarterly earnings results on Wednesday, August, 9th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm earned $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. Global Partners LP had a negative net margin of 1.83% and a positive return on equity of 0.21%. Global Partners LP's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.22) earnings per share. View Global Partners LP's Earnings History.
When will Global Partners LP make its next earnings announcement?
Where is Global Partners LP's stock going? Where will Global Partners LP's stock price be in 2017?
4 equities research analysts have issued 1-year price objectives for Global Partners LP's shares. Their forecasts range from $16.00 to $20.00. On average, they anticipate Global Partners LP's stock price to reach $18.00 in the next twelve months. View Analyst Ratings for Global Partners LP.
What are analysts saying about Global Partners LP stock?
Here are some recent quotes from research analysts about Global Partners LP stock:
- 1. According to Zacks Investment Research, "Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. Global Partners owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. Global Partners is one of the largest wholesale distributors of distillates such as home heating oil, diesel and kerosene, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England. " (10/18/2017)
- 2. Stifel Nicolaus analysts commented, "Today, we are maintaining our Buy rating on Global Partners and increasing our target price to $25.00 from $19.00. Our target price increase is a result of assigning an approximate 10.0x multiple to our FY17 LP EBITDA estimate of $220 million, which is up from our prior assumption of 9.0x. GLP is currently trading at 9.5x based on our FY17 estimate, which compares to its peer group at 9.7x. Historically, GLP has traded near parity to its comp group, which is a driving factor in our multiple expansion assumption. Year-to-date, Global Partners increased 10.8% compared to the Alerian Index's return of 6.3%." (2/7/2017)
Who are some of Global Partners LP's key competitors?
Some companies that are related to Global Partners LP include Oil States International (OIS), Helix Energy Solutions Group (HLX), USA Compression Partners, LP (USAC), Cone Midstream Partners LP (CNNX), Unit Corporation (UNT), Halcon Resources Corporation (HK), Par Pacific Holdings (PARR), SunPower Corporation (SPWR), Noble Corporation (NE), Canadian Solar (CSIQ), NCS Multistage Holdings (NCSM), Archrock Partners, L.P. (APLP), CrossAmerica Partners LP (CAPL), PBF Logistics LP (PBFX), SunCoke Energy Partners, L.P. (SXCP), Newpark Resources (NR), SEACOR Holdings (CKH) and JinkoSolar Holding Company Limited (JKS).
Who are Global Partners LP's key executives?
Global Partners LP's management team includes the folowing people:
- Richard Slifka, Chairman of the Board of the General Partner
- Eric Slifka, President, Chief Executive Officer, Director of the General Partner
- Daphne H. Foster, Chief Financial Officer, Director of the General Partner
- Mark A. Romaine, Chief Operating Officer of the General Partner
- Edward J. Faneuil, Executive Vice President, General Counsel, Secretary of the General Partner
- Andrew Slifka, Executive Vice President, Director of the General Partner
- Charles A. Rudinsky, Executive Vice President, Chief Accounting Officer, Co-Director - Mergers & Acquisitions
- Robert J. McCool, Independent Director of the General Partner
- David K. McKown, Independent Director of the General Partner
- Kenneth I. Watchmaker, Independent Director of the General Partner
Who owns Global Partners LP stock?
Who sold Global Partners LP stock? Who is selling Global Partners LP stock?
How do I buy Global Partners LP stock?
Shares of Global Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Global Partners LP's stock price today?
MarketBeat Community Rating for Global Partners LP (NYSE GLP)MarketBeat's community ratings are surveys of what our community members think about Global Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Global Partners LP stock can currently be purchased for approximately $18.05.
Consensus Ratings for Global Partners LP (NYSE:GLP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$18.00 (0.28% downside)|Consensus Price Target History for Global Partners LP (NYSE:GLP)
Analysts' Ratings History for Global Partners LP (NYSE:GLP)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/10/2017||Stifel Nicolaus||Reiterated Rating||Buy||$20.00||Low|
|6/23/2017||Janney Montgomery Scott||Initiated Coverage||Neutral||$18.00||Medium|
|3/11/2017||Barclays PLC||Reiterated Rating||Equal Weight||$17.00 -> $18.00||N/A|
|11/9/2016||Mitsubishi UFJ Financial Group||Reiterated Rating||Neutral -> Underweight||$16.00||N/A|
|4/19/2016||J P Morgan Chase & Co||Lower Price Target||Neutral||$37.00 -> $16.00||N/A|
|1/29/2016||Citigroup Inc.||Downgrade||Neutral||$31.00 -> $20.00||N/A|
|12/8/2015||Mitsubishi UFJ Financial Group Inc||Reiterated Rating||Neutral||N/A|
|11/11/2015||FBR & Co||Lower Price Target||Market Perform||$36.00 -> $33.00||N/A|
Earnings History for Global Partners LP (NYSE:GLP)Earnings History by Quarter for Global Partners LP (NYSE GLP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/9/2017||Q2 2017||$0.05||$0.07||$2.15 billion||$2.09 billion||View||Listen|
|5/9/2017||Q1 2017||($0.03)||$0.33||$2.23 billion||$2.27 billion||View||Listen|
|3/9/2017||Q4 2016||($2.29)||($1.94)||$2.06 billion||$2.31 billion||View||Listen|
|11/7/2016||Q316||$0.01||$0.03||$2.45 billion||$2.03 billion||View||Listen|
|8/8/2016||Q216||($0.18)||($0.22)||$2.18 billion||$2.10 billion||View||Listen|
|5/9/2016||Q116||($0.13)||($0.21)||$2.30 billion||$1.75 billion||View||Listen|
|2/29/2016||Q415||($0.10)||($0.07)||$2.73 billion||$2.20 billion||View||Listen|
|11/5/2015||Q315||$0.35||$0.16||$3.01 billion||$2.49 billion||View||Listen|
|8/6/2015||Q215||$0.12||$0.15||$3.50 billion||$2.70 billion||View||Listen|
|5/7/2015||Q115||$0.56||$0.92||$4.73 billion||$3.00 billion||View||Listen|
|3/12/2015||Q414||$0.60||$0.93||$4.43 billion||$3.53 billion||View||Listen|
|11/6/2014||Q314||$0.17||$1.50||$5.05 million||$4.05 billion||View||Listen|
|8/7/2014||Q214||($0.06)||($0.50)||$4.91 billion||$4.57 billion||View||Listen|
|5/8/2014||Q114||$0.61||$2.03||$5.35 billion||$4.80 billion||View||Listen|
|3/31/2014||Q413||$0.48||$1.20||$5.59 billion||$4.80 billion||View||Listen|
|11/7/2013||Q313||$0.38||$0.09||$4.93 billion||$4.43 billion||View||Listen|
|8/8/2013||Q2 2013||$0.76||$0.29||$5.43 billion||$4.77 billion||View||Listen|
|5/9/2013||Q1 2013||$0.45||$0.51||$4.23 billion||$5.59 billion||View||Listen|
|3/14/2013||Q4 2012||$0.50||$0.81||$4.36 billion||$5.10 billion||View||Listen|
|11/8/2012||Q312||$0.36||$0.24||$3.74 billion||$4.62 billion||View||N/A|
Earnings Estimates for Global Partners LP (NYSE:GLP)
Current Year EPS Consensus Estimate: $1.01 EPS
Next Year EPS Consensus Estimate: $0.42 EPS
Current Dividend Information for Global Partners LP (NYSE:GLP)
|Most Recent Dividend:||8/14/2017|
|Dividend Growth:||-7.50% (3 Year Average)|
|Payout Ratio:||-39.11% (Trailing 12 Months of Earnings) |
183.17% (Based on This Year's Estimates)
440.48% (Based on Next Year's Estimates)
Dividend History by Quarter for Global Partners LP (NYSE GLP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Global Partners LP (NYSE:GLP)
Insider Ownership Percentage: 41.50%Insider Trades by Quarter for Global Partners LP (NYSE:GLP)
Institutional Ownership Percentage: 39.85%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/24/2015||Alfred A Slifka||Major Shareholder||Sell||879,373||$17.20||$15,125,215.60|| |
|9/14/2015||Global Gp Llc||insider||Buy||19,689||$30.49||$600,317.61|| |
|9/10/2015||Global Gp Llc||Insider||Buy||9,877||$30.57||$301,939.89|| |
|9/9/2015||Global Gp Llc||Insider||Buy||10,000||$31.83||$318,300.00|| |
|9/4/2015||Global Gp Llc||Insider||Buy||3,400||$32.01||$108,834.00|| |
|9/3/2015||Global Gp Llc||insider||Buy||3,747||$31.66||$118,630.02|| |
|9/2/2015||Daphne H. Foster||CFO||Buy||2,000||$31.18||$62,360.00|| |
|8/13/2015||Kenneth I Watchmaker||Director||Buy||3,800||$31.60||$120,080.00|| |
|3/23/2015||Global Gp Llc||Insider||Buy||44,800||$37.84||$1,695,232.00|| |
|3/19/2015||Global Gp Llc||Insider||Buy||20,525||$36.29||$744,852.25|| |
|12/24/2014||Global Gp Llc||Insider||Buy||3,100||$34.44||$106,764.00|| |
|12/23/2014||Global Gp Llc||Insider||Buy||38,643||$33.91||$1,310,384.13|| |
|12/19/2014||Global Gp Llc||Insider||Buy||80,000||$34.84||$2,787,200.00|| |
|9/8/2014||Global Gp Llc||Insider||Buy||1,302||$39.92||$51,975.84|| |
|8/15/2014||Global Gp Llc||Insider||Buy||50,007||$40.61||$2,030,784.27|| |
|8/13/2014||Global Gp Llc||Insider||Buy||13,200||$39.07||$515,724.00|| |
|6/5/2014||Global Gp Llc||Insider||Buy||9,800||$40.90||$400,820.00|| |
|6/3/2014||Global Gp Llc||Insider||Buy||5,600||$40.68||$227,808.00|| |
|5/30/2014||Global Gp Llc||Insider||Buy||5,100||$40.68||$207,468.00|| |
|5/28/2014||Global Gp Llc||Insider||Buy||10,200||$40.32||$411,264.00|| |
|5/23/2014||Global Gp Llc||Insider||Buy||4,500||$40.69||$183,105.00|| |
|5/21/2014||Global Gp Llc||Insider||Buy||9,600||$40.87||$392,352.00|| |
|12/11/2013||Global Gp Llc||Insider||Buy||7,500||$34.51||$258,825.00|| |
|11/15/2013||Kenneth Watchmaker||Director||Buy||1,450||$34.44||$49,938.00|| |
|8/22/2013||Global Gp Llc||Insider||Buy||45,000||$34.94||$1,572,300.00|| |
|8/19/2013||Global Gp Llc||Insider||Buy||20,000||$34.73||$694,600.00|| |
|8/16/2013||Global Gp Llc||Insider||Buy||34,000||$34.49||$1,172,660.00|| |
|8/14/2013||Global Gp Llc||Insider||Buy||26,341||$33.66||$886,638.06|| |
Headline Trends for Global Partners LP (NYSE:GLP)
Latest Headlines for Global Partners LP (NYSE:GLP)
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Global Partners LP (GLP) Chart for Monday, October, 23, 2017