Media headlines about Global Partners (NYSE:GLP) have been trending somewhat negative recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Partners earned a news impact score of -0.05 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.4741439315524 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of GLP stock traded up $0.55 during trading hours on Tuesday, reaching $17.10. The company had a trading volume of 51,959 shares, compared to its average volume of 78,156. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.31 and a quick ratio of 0.79. The firm has a market capitalization of $542.23, a PE ratio of 12.23 and a beta of 0.86. Global Partners has a 12-month low of $15.16 and a 12-month high of $20.86.
Global Partners (NYSE:GLP) last posted its quarterly earnings results on Thursday, March 8th. The energy company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. Global Partners had a return on equity of 8.89% and a net margin of 0.66%. equities research analysts expect that Global Partners will post 0.49 EPS for the current year.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Global Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus lowered Global Partners from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Tuesday, March 13th. Barclays reiterated an “equal weight” rating and set a $18.00 price objective (down from $19.00) on shares of Global Partners in a research note on Monday, March 12th. Finally, ValuEngine lowered Global Partners from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.50.
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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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