Global Partners LP (NYSE:GLP) EVP Andrew P. Slifka acquired 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average cost of $12.00 per share, for a total transaction of $20,400.00. Following the purchase, the executive vice president now directly owns 3,165 shares of the company’s stock, valued at $37,980. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Global Partners stock traded up $1.03 during midday trading on Thursday, reaching $10.20. 12,352 shares of the company traded hands, compared to its average volume of 293,422. The firm has a market capitalization of $318.15 million, a price-to-earnings ratio of 12.91 and a beta of 0.85. The business has a 50 day moving average of $16.04 and a two-hundred day moving average of $19.00. Global Partners LP has a 12 month low of $6.30 and a 12 month high of $21.62. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.33 and a quick ratio of 0.73.
Global Partners (NYSE:GLP) last issued its quarterly earnings data on Friday, March 6th. The energy company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.06. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Partners had a net margin of 0.27% and a return on equity of 11.62%. As a group, equities analysts forecast that Global Partners LP will post 0.53 EPS for the current year.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Global Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered shares of Global Partners from a “neutral” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research note on Wednesday, January 29th. Barclays raised shares of Global Partners from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. ValuEngine raised shares of Global Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Wells Fargo & Co lowered shares of Global Partners from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.25.
Global Partners Company Profile
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.
Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter.