News coverage about Global Partners (NYSE:GLP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Global Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 46.6258431354255 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.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Zacks: Brokerages Expect Global Partners LP (GLP) Will Announce Quarterly Sales of $2.28 Billion (americanbankingnews.com)
- Global Partners LP (NYSE:GLP) Under Analyst Spotlight – UK Market News (ukmarketnews.co.uk)
- Brokerages Expect Global Partners LP (GLP) to Announce $0.24 Earnings Per Share (americanbankingnews.com)
- Technical Focus: What’s Happening With Shares of Global Partners LP (GLP) – Danville Daily (danvilledaily.com)
- Global Partners LP Global Partn (NYSE:GLP) Experiences Lighter … – Modern Readers (modernreaders.com)
Several research analysts have recently issued reports on GLP shares. Stifel Nicolaus restated a “buy” rating and issued a $21.00 price target on shares of Global Partners in a research report on Friday, July 28th. Zacks Investment Research upgraded Global Partners from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, July 17th. Janney Montgomery Scott started coverage on Global Partners in a research report on Friday, June 23rd. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, BidaskClub upgraded Global Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Global Partners currently has a consensus rating of “Hold” and a consensus price target of $18.40.
Global Partners (NYSE GLP) traded up 1.79% on Tuesday, hitting $17.05. The stock had a trading volume of 12,027 shares. The company has a 50 day moving average of $17.25 and a 200 day moving average of $18.35. Global Partners has a 12-month low of $14.53 and a 12-month high of $21.95. The company’s market capitalization is $572.10 million.
Global Partners (NYSE:GLP) last issued its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Global Partners had a negative net margin of 1.83% and a positive return on equity of 0.21%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. Global Partners’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts expect that Global Partners will post $0.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Wednesday, August 9th were paid a $0.463 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.85 annualized dividend and a dividend yield of 11.06%. Global Partners’s dividend payout ratio is -39.11%.
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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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