Global Partners (GLP) Receiving Somewhat Favorable Media Coverage, Study Finds
Media stories about Global Partners (NYSE:GLP) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Partners earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.7861737934226 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
GLP has been the subject of several analyst reports. Zacks Investment Research raised shares of Global Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, October 24th. BidaskClub cut shares of Global Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Global Partners in a report on Tuesday, November 21st. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price target on shares of Global Partners in a report on Thursday, August 10th. Finally, TheStreet raised shares of Global Partners from a “d+” rating to a “c” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.00.
Shares of Global Partners (NYSE GLP) traded up $0.10 during trading on Friday, reaching $17.50. 33,825 shares of the company’s stock were exchanged, compared to its average volume of 34,804. Global Partners has a 12 month low of $15.20 and a 12 month high of $21.95. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.52. The stock has a market capitalization of $594.93, a PE ratio of 38.04 and a beta of 1.09.
Global Partners (NYSE:GLP) last issued its earnings results on Wednesday, November 8th. The energy company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.19. Global Partners had a negative net margin of 0.28% and a positive return on equity of 3.95%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company posted ($3.54) earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. research analysts predict that Global Partners will post 1.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th were issued a $0.4625 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $1.85 dividend on an annualized basis and a yield of 10.57%. Global Partners’s dividend payout ratio (DPR) is presently -246.67%.
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About Global Partners
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.
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