The Global Partners (NYSE:GLP) Getting Somewhat Positive Press Coverage, Analysis Finds

The Global Partners (NYSE:GLP) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about Global Partners (NYSE:GLP) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Global Partners earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 46.5804747834284 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Global Partners (GLP) traded up 0.27% on Friday, reaching $18.35. The company had a trading volume of 10,769 shares. Global Partners has a 1-year low of $14.85 and a 1-year high of $21.95. The stock’s market capitalization is $623.83 million. The stock’s 50 day moving average is $17.32 and its 200-day moving average is $18.07.

Global Partners (NYSE:GLP) last announced its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. Global Partners had a positive return on equity of 0.21% and a negative net margin of 1.83%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS. On average, equities analysts predict that Global Partners will post $0.99 EPS for the current fiscal year.

Several research firms recently commented on GLP. Zacks Investment Research downgraded Global Partners from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price target on shares of Global Partners in a research note on Thursday, August 10th. BidaskClub upgraded Global Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Janney Montgomery Scott started coverage on Global Partners in a research report on Friday, June 23rd. They set a “neutral” rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average 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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