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Global Partners LP is an oil & gas midstream business based in the US. Global Partners shares (GLP) are listed on the NYSE and all prices are listed in US Dollars. Global Partners employs 2,375 staff and has a trailing 12-month revenue of around USD$8.3 billion.
|52-week range||USD$6.9255 - USD$23.86|
|50-day moving average||USD$20.9409|
|200-day moving average||USD$17.1404|
|Wall St. target price||USD$20.33|
|Dividend yield||USD$1.902 (8.88%)|
|Earnings per share (TTM)||USD$2.74|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Global Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Global Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Global Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Global Partners shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Global Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$296 million.
The EBITDA is a measure of a Global Partners's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$8.3 billion|
|Operating margin TTM||2.35%|
|Gross profit TTM||USD$768.8 million|
|Return on assets TTM||4.58%|
|Return on equity TTM||21.3%|
|Market capitalisation||USD$732.3 million|
TTM: trailing 12 months
There are currently 48,933 Global Partners shares held short by investors – that's known as Global Partners's "short interest". This figure is 50.8% down from 99,501 last month.
There are a few different ways that this level of interest in shorting Global Partners shares can be evaluated.
Global Partners's "short interest ratio" (SIR) is the quantity of Global Partners shares currently shorted divided by the average quantity of Global Partners shares traded daily (recently around 152915.625). Global Partners's SIR currently stands at 0.32. In other words for every 100,000 Global Partners shares traded daily on the market, roughly 320 shares are currently held short.
However Global Partners's short interest can also be evaluated against the total number of Global Partners shares, or, against the total number of tradable Global Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Global Partners's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Global Partners shares in existence, roughly 0 shares are currently held short) or 0.0034% of the tradable shares (for every 100,000 tradable Global Partners shares, roughly 3 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Global Partners.
Find out more about how you can short Global Partners stock.
Dividend payout ratio: 77.02% of net profits
Recently Global Partners has paid out, on average, around 77.02% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 10.27% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Global Partners shareholders could enjoy a 10.27% return on their shares, in the form of dividend payments. In Global Partners's case, that would currently equate to about $1.902 per share.
Global Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Global Partners's most recent dividend payout was on 11 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 February 2021 (the "ex-dividend date").
Over the last 12 months, Global Partners's shares have ranged in value from as little as $6.9255 up to $23.86. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Global Partners's is 1.3689. This would suggest that Global Partners's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. The company's Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. As of December 31, 2020, the company had a portfolio of 1,548 owned, leased, and/or supplied gasoline stations, which included 277 directly operated convenience stores; and owned, leased, or maintained storage facilities at 25 bulk terminals with a collective storage capacity of 11.8 million barrels. Global GP LLC serves as the general partner of the company. The company was incorporated in 2005 and is based in Waltham, Massachusetts.
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