Global Partners Lp Got Some Bad NewsBy Austin Angelo
According to TipRanks.com, Blaschke is a 2-star analyst with an average return of -2.6% and a 50.0% success rate. Blaschke covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, Spectra Energy Partners, and Phillips 66 Partners.
Global Partners Lp has an analyst consensus of Moderate Sell, with a price target consensus of $16.
The company has a one year high of $29.31 and a one year low of $12.28. Currently, Global Partners Lp has an average volume of 105.9K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLP in relation to earlier this year. Most recently, in January 2016, Charles Rudinsky, the EVP & CAO of GLP bought 2,121 shares for a total of $37,266.
Global Partners LP is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, such as ethanol and naphtha, distillates, such as home heating oil, diesel and kerosene, residual oil, renewable fuels, natural gas and propane. The company operates its business through following segments: Wholesale, Gasoline Distribution & Station Operations and Commercial. The Wholesale segment engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. The Gasoline Distribution and Station Operations segment engages in the gasoline distribution including sales of branded and unbranded gasoline to gasoline station operators and sub-jobbers. It includes Mobil, Exxon, Shell, Sunoco, Gulf, CITGO and Global. Station operations includes convenience store, car wash and other ancillary sales at directly operated stores, as well as rental income from dealer leased or commission agent leased gasoline stations. The Commercial segment includes sales and deliveries to end user customers in the public sector and to large commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel and natural gas. Global Partners was founded in March 2005 and is headquartered in Waltham, MA.