Somewhat Favorable News Coverage Somewhat Unlikely to Affect Global Partners (GLP) Stock Price
Headlines about Global Partners (NYSE:GLP) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Global Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 46.8764881926303 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Global Partners LP (GLP) while Global Sources Ltd. (GSOL) finishes with a flow of -0.78% – Stocks Gallery (stocksgallery.com)
- Morgan Stanley Buys A Lot More Global Partners LP Global Partn … – Modern Readers (modernreaders.com)
- Global Partners LP (NYSE:GLP) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Global Partners LP (NYSE:GLP) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Global Partners LP (GLP) Quick Review of the Numbers – Bulletin News (orobulletin.com)
Global Partners (NYSE GLP) traded up 0.87% during mid-day trading on Friday, hitting $17.35. 37,422 shares of the company were exchanged. Global Partners has a 12 month low of $14.51 and a 12 month high of $21.95. The stock’s market cap is $589.83 million. The firm has a 50 day moving average price of $17.78 and a 200 day moving average price of $18.91.
Global Partners (NYSE:GLP) last released its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Global Partners had a positive return on equity of 0.21% and a negative net margin of 1.83%. Global Partners’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. Analysts anticipate that Global Partners will post $1.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Wednesday, August 9th will be given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 10.67%. The ex-dividend date of this dividend is Monday, August 7th. Global Partners’s dividend payout ratio (DPR) is presently -39.11%.
A number of research firms recently weighed in on GLP. Zacks Investment Research lowered shares of Global Partners from a “strong-buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $20.00 target price on shares of Global Partners in a research note on Thursday. BidaskClub upgraded shares of Global Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Janney Montgomery Scott began coverage on shares of Global Partners in a research note on Friday, June 23rd. They set a “neutral” rating and a $18.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Global Partners presently has an average rating of “Hold” and a consensus price target of $18.40.
Global Partners Company Profile
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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