NYSE:GLP - Global Partners Stock Price, Forecast & News

Global Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."

Global Partners announced a quarterly dividend on Friday, October 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.52 per share on Thursday, November 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Global Partners's previous quarterly dividend of $0.52. View Global Partners' Dividend History.

Global Partners LP (NYSE:GLP) released its quarterly earnings data on Thursday, November, 7th. The energy company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.54. The energy company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.32 billion. Global Partners had a return on equity of 24.25% and a net margin of 0.69%. View Global Partners' Earnings History.

Global Partners is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Global Partners.

2 brokerages have issued 12-month price objectives for Global Partners' shares. Their forecasts range from $18.00 to $20.00. On average, they anticipate Global Partners' stock price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 3.9%. View Analyst Price Targets for Global Partners.

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

News articles about GLP stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Global Partners earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Global Partners.

Global Partners saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decrease of 19.6% from the December 15th total of 16,300 shares. Based on an average daily volume of 101,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. View Global Partners' Current Options Chain.

Some companies that are related to Global Partners include World Fuel Services (INT), EnLink Midstream (ENLC), Rattler Midstream (RTLR), Holly Energy Partners (HEP), New Fortress Energy (NFE), Vermilion Energy (VET), Genesis Energy (GEL), Cactus (WHD), Kosmos Energy (KOS), Black Stone Minerals (BSM), Delek US (DK), CGG (CGGYY), Crestwood Equity Partners (CEQP), Covanta (CVA) and Crescent Point Energy (CPG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Partners investors own include Energy Transfer LP Unit (ET), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), New Residential Investment (NRZ), Enterprise Products Partners (EPD), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Macquarie Infrastructure (MIC) and Omega Healthcare Investors (OHI).

Global Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Spirit of America Management Corp NY (0.28%) and Sanders Morris Harris LLC (0.11%). View Institutional Ownership Trends for Global Partners.

GLP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY. View Insider Buying and Selling for Global Partners.

GLP stock was acquired by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC. View Insider Buying and Selling for 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.

One share of GLP stock can currently be purchased for approximately $19.77.

Global Partners has a market capitalization of $671.98 million and generates $12.67 billion in revenue each year. The energy company earns $102.87 million in net income (profit) each year or $1.73 on an earnings per share basis. Global Partners employs 2,500 workers across the globe.View Additional Information About Global Partners.

The official website for Global Partners is http://www.globalp.com/.

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]