Barclays Assumes Global Partners LP to Equal-weight

Brokerage firm Barclays Assumes its rating on Global Partners LP(NYSE:GLP). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Jan 29, 2016, Mitsubishi UFJ said it Downgrades its rating on Global Partners LP. The shares have been rated ‘Neutral’ by the firm.

Global Partners LP (GLP) shares turned negative on Fridays trading session with the shares closing down -0.27 points or -2.06% at a volume of 1,23,989. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.26. The peak price level was also seen at $13.26 while the days lowest was $12.72. Finally the shares closed at $12.83. The 52-week high of the shares is $42.74 while the 52-week low is $12.55. According to the latest information available, the market cap of the company is $436 M.

Global Partners LP(GLP) last announced its earnings results on Feb 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.17B. Analysts had an estimated revenue of $2.75B. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.10.

Several Insider Transactions has been reported to the SEC. On Dec 29, 2015, Alfred A Slifka (10% owner) sold 879,373 shares at $17.20 per share price.Also, On Sep 4, 2015, Daphne H. Foster (CFO) purchased 2,000 shares at $31.17 per share price.On Aug 14, 2015, Kenneth I Watchmaker (director) purchased 3,800 shares at $31.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Global Partners LP is a midstream logistics and marketing company that engages in the purchasing selling and logistics of transporting petroleum and related products including domestic and Canadian crude oil gasoline and gasoline blendstocks distillates residual oil renewable fuels natural gas and propane. The Company operates through three segments: Wholesale Gasoline Distribution and Station Operations (GDSO) 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 GDSO segment is engaged in gasoline distribution and station operations such as convenience store car wash and other ancillary sales. The Commercial segment includes sales and deliveries of unbranded gasoline home heating oil diesel kerosene residual oil bunker fuel and natural gas. The Company’s product brands include Global Diesel One and Heating Oil Plus.

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