Global Partners (GLP) Stock Price, News & Analysis

Company Overview

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to home heating oil and propane retailers and wholesale distributors. This segment also transports the products by railcars, barges, trucks and/or pipelines. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

Key Stats

• Today's Range: $50.43 to $52.00
• 50-Day Range: $42.41 to $51.95
• 52-Week Range: $33.33 to $52.00
• Volume: 69,167 shs
• Average Volume: 98,039 shs
• Market Capitalization: $1.72 billion
• P/E Ratio: 15.27
• Dividend Yield: 5.78%
• Price Target: $54.00
• Consensus Rating: Buy

Global Partners Stock Analysis - MarketRank™

Global Partners scored higher than 42% of companies evaluated by MarketBeat, and ranked 172nd out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Global 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.

Amount of Analyst Coverage

Global Partners has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.84%

Earnings Growth

Earnings for Global Partners are expected to grow by 17.84% in the coming year, from $2.13 to $2.51 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Global Partners is 15.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Global Partners is 15.27, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.38.

Price to Book Value per Share Ratio

Global Partners has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.55% of the float of Global Partners has been sold short.

Short Interest Ratio / Days to Cover

Global Partners has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Global Partners has recently increased by 1.49%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Global Partners is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Global Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Global Partners is 88.22%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Global Partners will have a dividend payout ratio of 116.33% in the coming year. This indicates that Global Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.55% of the float of Global Partners has been sold short.

Short Interest Ratio / Days to Cover

Global Partners has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Global Partners has recently increased by 1.49%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 2 people have searched for GLP on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Global Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,719,840.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

41.50% 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 Institutions

Only 38.12% of the stock of Global Partners is held by institutions.

GLP Stock Analysis - Frequently Asked Questions

How have GLP shares performed this year?

Global Partners' stock was trading at $42.31 on January 1st, 2024. Since then, GLP shares have increased by 19.5% and is now trading at $50.56.
View the best growth stocks for 2024 here.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) announced its quarterly earnings data on Monday, February, 27th. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The energy company earned $4.43 billion during the quarter, compared to analysts' expectations of $4.51 billion. Global Partners had a net margin of 0.82% and a trailing twelve-month return on equity of 22.07%.

Who are Global Partners' major shareholders?

Global Partners' top institutional investors include Infrastructure Capital Advisors LLC (0.42%), BNP Paribas Financial Markets (0.23%), Cascade Investment Group Inc. (0.15%) and Kayne Anderson Capital Advisors LP (0.10%). Insiders that own company stock include Global Gp Llc, Jaime Pereira, Clare Mcgrory Kelly and Jeremy Langhorn.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Global Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Global Partners investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), Novo Nordisk A/S (NVO) and Jabil (JBL).

Company Calendar

• Last Earnings: 2/27/2023
• Ex-Dividend for 11/14 Dividend: 11/08/2024
• Dividend Payable: 11/14/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Petroleum bulk stations & terminals
• Sub-Industry: Wholesale
• Current Symbol: NYSE:GLP
• CUSIP: N/A
• CIK: 1323468
• Web: www.globalp.com
• Phone: (781) 894-8800
• Fax: 781-398-4165
• Employees: 5,060
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $54.00
• High Stock Price Target: $54.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: +6.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.31
• Trailing P/E Ratio: 15.27
• Forward P/E Ratio: 23.74
• P/E Growth: N/A
• Net Income: $142.60 million
• Net Margins: 0.82%
• Pretax Margin: 0.87%
• Return on Equity: 22.07%
• Return on Assets: 3.94%

Debt

• Debt-to-Equity Ratio: 2.41
• Current Ratio: 1.14
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: $16.49 billion
• Price / Sales: 0.10
• Cash Flow: $8.09 per share
• Price / Cash Flow: 6.25
• Book Value: $19.52 per share
• Price / Book: 2.59

Miscellaneous

• Outstanding Shares: 34,000,000
• Free Float: 19,888,000
• Market Cap: $1.72 billion
• Optionable: Optionable
• Beta: 1.38