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How to buy Global Partners stock

Own Global Partners stock in just a few minutes.

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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 2,540 staff and has a trailing 12-month revenue of around USD$10.7 billion.

How to buy shares in Global Partners

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Global Partners. Find the stock by name or ticker symbol: GLP. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Global Partners reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Global Partners, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Global Partners. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Global Partners share price

Use our graph to track the performance of GLP stocks over time.

Global Partners shares at a glance

Information last updated 2020-10-20.
52-week range USD$6.3 - USD$20.75
50-day moving average USD$13.2477
200-day moving average USD$11.3448
Wall St. target price USD$13
PE ratio 5.7849
Dividend yield USD$1.83 (12.83%)
Earnings per share (TTM) USD$2.506

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Global Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

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.

Is Global Partners under- or over-valued?

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 P/E ratio

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 6x. In other words, Global Partners shares trade at around 6x 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

Global Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$297 million.

The EBITDA is a measure of a Global Partners's overall financial performance and is widely used to measure a its profitability.

Global Partners financials

Revenue TTM USD$10.7 billion
Operating margin TTM 1.81%
Gross profit TTM USD$720.1 million
Return on assets TTM 4.55%
Return on equity TTM 18.72%
Profit margin 0.87%
Book value $13.085
Market capitalisation USD$480.7 million

TTM: trailing 12 months

Shorting Global Partners shares

There are currently 68,655 Global Partners shares held short by investors – that's known as Global Partners's "short interest". This figure is 8.1% up from 63,516 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)

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 86905.063291139). Global Partners's SIR currently stands at 0.79. In other words for every 100,000 Global Partners shares traded daily on the market, roughly 790 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 0.0048% of the tradable shares (for every 100,000 tradable Global Partners shares, roughly 5 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.

Global Partners share dividends

78%

Dividend payout ratio: 77.6% of net profits

Recently Global Partners has paid out, on average, around 77.6% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 12.83% 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 12.83% return on their shares, in the form of dividend payments. In Global Partners's case, that would currently equate to about $1.83 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 14 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 7 August 2020 (the "ex-dividend date").

Global Partners share price volatility

Over the last 12 months, Global Partners's shares have ranged in value from as little as $6.3 up to $20.75. A popular way to gauge a stock's volatility is its "beta".

GLP.US volatility(beta: 1.63)Avg. volatility(beta: 1.00)LowHigh

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 1.6266. 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 overview

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, 2019, the company had a portfolio of 1,551 owned, leased, and/or supplied gasoline stations, which included 289 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10.8 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

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