NYSE:GLP Global Partners - GLP Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Global Partners LP Please log in to your account or sign up in order to add this asset to your watchlist. $38.39 +0.37 (+0.97%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$37.90▼$38.8250-Day Range$30.21▼$38.3952-Week Range$20.23▼$38.82Volume200,214 shsAverage Volume141,191 shsMarket Capitalization$1.30 billionP/E Ratio4.30Dividend Yield6.51%Price Target$26.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Global Partners MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside32.3% Downside$26.00 Price TargetShort InterestHealthy1.27% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$130,473 Bought Last QuarterProj. Earnings Growth-58.01%From $7.62 to $3.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.19 out of 5 starsOils/Energy Sector126th out of 237 stocksPetroleum Bulk Stations & Terminals Industry1st out of 2 stocks 1.5 Analyst's Opinion Consensus RatingGlobal Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.00, Global Partners has a forecasted downside of 32.3% from its current price of $38.39.Amount of Analyst CoverageGlobal Partners has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.27% of the float of Global Partners has been sold short.Short Interest Ratio / Days to CoverGlobal Partners has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Global Partners has recently decreased by 13.58%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGlobal Partners is a leading dividend payer. It pays a dividend yield of 6.51%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGlobal Partners has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Global Partners is 28.00%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Global Partners will have a dividend payout ratio of 78.13% in the coming year. This indicates that Global Partners may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GLP. Previous Next 1.9 News and Social Media Coverage News SentimentGlobal Partners has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Global Partners this week, compared to 1 article on an average week.Search InterestOnly 34 people have searched for GLP on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.MarketBeat Follows16 people have added Global Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Global Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $130,473.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders41.50% of the stock of Global Partners is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 28.40% of the stock of Global Partners is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Global Partners are expected to decrease by -58.01% in the coming year, from $7.62 to $3.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Global Partners is 4.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Global Partners is 4.30, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.44. Previous Next See Top Rated MarketRank™ Stocks Here About Global Partners (NYSE:GLP) StockGlobal Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The GDSO segment includes the sale of branded and unbranded gasoline to gasoline station operators and sub jobbers. The Commercial segment refers to the sales and deliveries to end user customers in the public sector and to large commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas. The company was founded in March 2005 and is headquartered in Waltham, MA.Read More Receive GLP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Global Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address GLP Stock News HeadlinesFebruary 1, 2023 | msn.comGlobal Partners LP (GLP) Outpaces Stock Market Gains: What You Should KnowJanuary 28, 2023 | americanbankingnews.comGlobal Partners (NYSE:GLP) Sets New 52-Week High Following Dividend AnnouncementFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 27, 2023 | americanbankingnews.comGlobal Partners LP (GLP) To Go Ex-Dividend on February 7thJanuary 27, 2023 | americanbankingnews.comGlobal Partners (NYSE:GLP) Stock Price Up 2.6% After Dividend AnnouncementJanuary 26, 2023 | seekingalpha.comGlobal Partners: Governance Concerns Trump A Strong Financial PerformanceJanuary 26, 2023 | finance.yahoo.comGlobal Partners LP (GLP) Gains But Lags Market: What You Should KnowJanuary 25, 2023 | finance.yahoo.comGlobal Partners Declares Fourth-Quarter 2022 Cash Distribution of $1.5725 on Common Units, Comprising the Quarterly Distribution and a One-Time Special DistributionFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 24, 2023 | marketwatch.comGlucagon Like Peptide-1 (Glp-1) Agonists Market 2023 is Anticipated to Register a High CAGR of During the Forecast Period 2023-2027January 19, 2023 | finance.yahoo.comGlobal Partners LP (GLP) Dips More Than Broader Markets: What You Should KnowJanuary 19, 2023 | msn.comGlobal Partners LP (GLP) is Attracting Investor Attention: Here is What You Should KnowJanuary 5, 2023 | finance.yahoo.comGlobal Partners LP (GLP) Gains As Market Dips: What You Should KnowDecember 30, 2022 | finance.yahoo.comGlobal Partners LP (GLP) is a Great Momentum Stock: Should You Buy?December 28, 2022 | finance.yahoo.comAre Oils-Energy Stocks Lagging Global Partners (GLP) This Year?December 28, 2022 | finance.yahoo.comAre Oils-Energy Stocks Lagging Global Partners (GLP) This Year?December 21, 2022 | finance.yahoo.comZacks.com featured highlights include Global Partners, China Automotive Systems, Sterling Infrastructure, Group 1 Automotive and NRG EnergyDecember 21, 2022 | finance.yahoo.comGlobal Partners LP Donates $2 Million To Provide Heating Oil for Families in Need Across the NortheastDecember 20, 2022 | finance.yahoo.comBull of the Day: Global Partners (GLP)December 16, 2022 | finance.yahoo.com3 Top Stocks Pushing 52-Week HighsDecember 15, 2022 | finance.yahoo.comInvestors Heavily Search Global Partners LP (GLP): Here is What You Need to KnowDecember 15, 2022 | finance.yahoo.comGlobal Partners LP (GLP) Hits Fresh High: Is There Still Room to Run?December 14, 2022 | marketwatch.comGlucagon Like Peptide-1 (Glp-1) Agonists Market Is Booming Worldwide | Major Players, Growing Demands, Emerging Trends, Future GrowthDecember 9, 2022 | stocknews.comThe 2 Best Income Stocks for Retirees to BuyDecember 9, 2022 | stocknews.com2 Stocks With Big-Time Dividends You Don’t Want to MissDecember 2, 2022 | msn.com3 Reasons Growth Investors Will Love Global Partners LP (GLP)November 29, 2022 | msn.comGlobal Partners's Return On Capital Employed OverviewSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GLP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Global Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address GLP Company Calendar Last Earnings11/05/2021Ex-Dividend for 11/14 Dividend11/07/2022Dividend Payable11/14/2022Today2/05/2023Ex-Dividend for 2/14 Dividend2/07/2023Dividend Payable2/14/2023Next Earnings (Estimated)2/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Petroleum bulk stations & terminals Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:GLP CUSIPN/A CIK1323468 Webwww.globalp.com Phone(781) 894-8800Fax781-398-4165Employees3,490Year FoundedN/APrice Target and Rating Average Stock Price Forecast$26.00 High Stock Price Forecast$26.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside-32.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$8.93 Trailing P/E Ratio4.30 Forward P/E Ratio5.04 P/E GrowthN/ANet Income$57.22 million Net Margins1.75% Pretax Margin1.83% Return on Equity51.58% Return on Assets8.26% Debt Debt-to-Equity Ratio1.71 Current Ratio1.21 Quick Ratio0.69 Sales & Book Value Annual Sales$13.25 billion Price / Sales0.10 Cash Flow$6.31 per share Price / Cash Flow6.08 Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares33,860,000Free Float19,806,000Market Cap$1.30 billion OptionableOptionable Beta1.32 Key ExecutivesEric S. SlifkaPresident, Chief Executive Officer & Vice ChairmanMark RomaineChief Operating OfficerGregory B. HansonChief Financial Officer & TreasurerMark CosenzaSenior Vice PresidentAmy GouldDeputy General CounselKey CompetitorsAltus PowerNYSE:AMPSEnovixNASDAQ:ENVXSabine Royalty TrustNYSE:SBRCalumet Specialty Products PartnersNASDAQ:CLMTHess MidstreamNYSE:HESMView All CompetitorsInsiders & InstitutionsU.S. Capital Wealth Advisors LLCSold 7,500 shares on 2/3/2023Ownership: 0.103%D.A. Davidson & CO.Bought 12,050 shares on 2/3/2023Ownership: 0.036%Tradition Wealth Management LLCBought 1,450 shares on 2/3/2023Ownership: 0.024%Navellier & Associates Inc.Bought 932 shares on 2/2/2023Ownership: 0.052%Wealth Effects LLCBought 1,300 shares on 2/2/2023Ownership: 0.030%View All Insider TransactionsView All Institutional Transactions GLP Stock - Frequently Asked Questions Should I buy or sell Global Partners stock right now? 1 Wall Street 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 analysts is that investors should "buy" GLP shares. View GLP analyst ratings or view top-rated stocks. What is Global Partners' stock price forecast for 2023? 1 brokerages have issued 12-month 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 year. This suggests that the stock has a possible downside of 32.3%. View analysts price targets for GLP or view top-rated stocks among Wall Street analysts. How have GLP shares performed in 2023? Global Partners' stock was trading at $34.77 at the start of the year. Since then, GLP shares have increased by 10.4% and is now trading at $38.39. View the best growth stocks for 2023 here. Are investors shorting Global Partners? Global Partners saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 363,500 shares, a drop of 13.6% from the December 31st total of 420,600 shares. Based on an average trading volume of 227,100 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the company's stock are short sold. View Global Partners' Short Interest. When is Global Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023. View our GLP earnings forecast. How were Global Partners' earnings last quarter? Global Partners LP (NYSE:GLP) announced 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 net margin of 1.75% and a trailing twelve-month return on equity of 51.58%. During the same quarter in the prior year, the firm earned $0.47 EPS. How often does Global Partners pay dividends? What is the dividend yield for Global Partners? Global Partners declared a quarterly dividend on Wednesday, January 25th. Investors 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 16.38%. The ex-dividend date is Tuesday, February 7th. This is a positive change from the stock's previous quarterly dividend of $0.63. Read our dividend analysis for GLP. Is Global Partners a good dividend stock? Global Partners (NYSE:GLP) pays an annual dividend of $2.50 per share and currently has a dividend yield of 6.58%. 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 3 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. What is Eric Slifka's approval rating as Global Partners' CEO? 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. What other stocks do shareholders of Global Partners own? 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). 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 Pallas Capital Advisors LLC (4.14%), Proficio Capital Partners LLC (0.21%), U.S. Capital Wealth Advisors LLC (0.10%), Navellier & Associates Inc. (0.05%), D.A. Davidson & CO. (0.04%) and Wealth Effects LLC (0.03%). 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. How do I buy shares of Global Partners? 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. Compare Top Brokerages Here. What is Global Partners' stock price today? One share of GLP stock can currently be purchased for approximately $38.39. How much money does Global Partners make? Global Partners (NYSE:GLP) has a market capitalization of $1.30 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. How many employees does Global Partners have? The company employs 3,490 workers across the globe. How can I contact Global Partners? 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. This page (NYSE:GLP) was last updated on 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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