Global Partners (GLP) Receiving Somewhat Critical Media Coverage, Report Finds

Media stories about Global Partners (NYSE:GLP) have trended somewhat negative on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Partners earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 46.3252429850435 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of GLP stock traded down $0.17 during trading on Thursday, reaching $15.98. The company had a trading volume of 7,313 shares, compared to its average volume of 78,994. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 1.31. Global Partners has a one year low of $15.16 and a one year high of $20.86. The company has a market capitalization of $545.63, a price-to-earnings ratio of 11.50 and a beta of 0.86.

Global Partners (NYSE:GLP) last issued its quarterly earnings data on Thursday, March 8th. The energy company reported $0.20 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.20. Global Partners had a return on equity of 8.89% and a net margin of 0.66%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. analysts forecast that Global Partners will post 0.49 EPS for the current fiscal year.

A number of brokerages recently weighed in on GLP. ValuEngine downgraded Global Partners from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Global Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Stifel Nicolaus downgraded Global Partners from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, March 13th. Finally, Barclays reissued an “equal weight” rating and issued a $18.00 price objective (down from $19.00) on shares of Global Partners in a research note on Monday, March 12th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.50.

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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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