Global Partners (NYSE:GLP) had its price target trimmed by Barclays from $18.00 to $17.00 in a report published on Tuesday. The firm currently has an equal weight rating on the energy company’s stock.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Global Partners from a strong-buy rating to a hold rating in a report on Friday, January 12th. Stifel Nicolaus lowered shares of Global Partners from a buy rating to a hold rating and set a $18.00 price target for the company. in a report on Tuesday, March 13th. Finally, ValuEngine lowered shares of Global Partners from a hold rating to a sell rating in a report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.25.
NYSE:GLP opened at $16.90 on Tuesday. Global Partners has a 52 week low of $15.16 and a 52 week high of $20.86. 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 cap of $576.22, a P/E ratio of 12.16 and a beta of 0.86.
Global Partners (NYSE:GLP) last posted its quarterly earnings results on Thursday, March 8th. The energy company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. Global Partners had a net margin of 0.66% and a return on equity of 8.89%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. equities research analysts expect that Global Partners will post 0.49 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Capital Advisors LP raised its holdings in Global Partners by 12.2% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 2,166,610 shares of the energy company’s stock worth $36,172,000 after purchasing an additional 235,595 shares in the last quarter. Deutsche Bank AG raised its holdings in Global Partners by 1,107.7% in the 4th quarter. Deutsche Bank AG now owns 159,410 shares of the energy company’s stock worth $2,662,000 after purchasing an additional 146,210 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Global Partners by 415.3% in the 4th quarter. Renaissance Technologies LLC now owns 68,025 shares of the energy company’s stock worth $1,136,000 after purchasing an additional 54,825 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Global Partners by 34.4% in the 3rd quarter. GSA Capital Partners LLP now owns 65,276 shares of the energy company’s stock worth $1,136,000 after purchasing an additional 16,720 shares in the last quarter. Finally, Geode Capital Management LLC bought a new position in Global Partners in the 4th quarter worth $973,000. Institutional investors and hedge funds own 41.53% of the company’s stock.
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Global Partners Company Profile
Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial customers in the New England states and New York. It operates in three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.
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