Global Partners LP (GLP) Trading 2.2% Higher
Global Partners LP (NYSE:GLP)’s share price traded up 2.2% during trading on Thursday . The company traded as high as $15.55 and last traded at $15.50, with a volume of 75,275 shares trading hands. The stock had previously closed at $15.16.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered Global Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Barclays PLC increased their price target on Global Partners from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.29.
The stock’s 50 day moving average price is $14.41 and its 200 day moving average price is $13.63. The company’s market cap is $520.55 million.
Global Partners (NYSE:GLP) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.04. During the same period in the prior year, the firm earned $0.15 EPS. The business earned $2.10 billion during the quarter, compared to analyst estimates of $2.18 billion. The business’s revenue was down 19.9% on a year-over-year basis. Analysts predict that Global Partners LP will post ($0.54) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 8th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.85 annualized dividend and a dividend yield of 11.91%.
Global Partners LP is a midstream logistics and marketing company. The Company is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, natural gas and propane.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.