WallStreetZenWallStreetZen

How to Buy Global Partners Stock

Global Partners LP

Global Partners is a oil & gas midstream company located in Massachusetts, United States, which is part of the Energy sector, and is traded under the ticker GLP on the NYSE exchange.

Global Partners stock last closed at $40.46, up 0.12% from the previous day, and has increased 26.95% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.05 percentage points. Global Partners stock is currently +49.46% from its 52-week low of $27.07, and -20.43% from its 52-week high of $50.85.

At the moment, there are 34M shares of GLP outstanding. The market value of GLP is $1.38B. In the last 24 hours, 43,292 GLP shares were traded.

How to Buy Global Partners Stock

Not sure how to invest in Global Partners stock? Here's how.
  1. Choose where to buy Global Partners stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Global Partners stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Select your method of payment and add your info.
  4. Analyze Global Partners stock: The Global Partners ticker symbol is GLP. Is Global Partners stock a good investment? Should you buy shares of GLP? How do GLP's underlying business fundamentals look? Do top analysts think Global Partners is a good buy? Why has GLP's stock price moved recently? (Hint: Our stock market analysis website can help you understand if GLP is a good stock to buy).
  5. Execute your GLP buy order: Decide if you will purchase GLP shares at the current market price or use a limit order to purchase GLP shares at a specific price.
  6. Watch your investment in GLP: Create a watchlist to monitor your investment in Global Partners shares.

Step 1: Choose where to buy Global Partners stock

You will need a brokerage account to access the NYSE market and buy GLP stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best online stock brokerage. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to world markets: From Technology to Healthcare, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your stock purchase by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open a brokerage account

Now that you've picked the right brokerage, the next step is to fill out some personal info so you are able to invest in GLP stock today.

How to Start a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Enter your personal data to open a new brokerage account.
  1. Send your details by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your brokerage account

Now that you have filled out your info on the best stock market app, you need to deposit funds:

Watch this video walkthrough for more details depositing funds into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Global Partners stock

After you have identified the best place to buy Global Partners stock, it's critical to analyze their stock before you invest, so you can wrap your head around the risk and upside.

Global Partners quick stats

GLP Price
$40.46
1w %
-10.09%
1y %
26.95%
5y %
102.81%
P/E
14.99x
P/B
1.8x
P/S
0.08x
PEG
1.22x
Revenue
$16.61B
Earnings
$91.60M
Fore. Rev. Growth
30.52%
Fore. Earn. Growth
15.19%
Market Cap
$1.38B
Next Earnings
Aug 2, 2024
Next Dividend
N/A

GLP Fundamentals

WallStreetZen was built to help average investors do better fundamental analysis.

You can see all of the due diligence checks on GLP's stock page.

Is GLP stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge GLP's intrinsic value.

Using relative valuations ratios:

  • GLP may be undervalued based on its P/E ratio of 14.99x, relative to Oil & Gas Midstream industry P/E ratio of 15.58x
  • GLP could be undervalued based on its P/B ratio of 1.8x, relative to Oil & Gas Midstream industry P/B ratio of 2.49x
  • GLP may be overvalued based on its PEG ratio of 1.22x

You can access more valuation research on GLP's stock here.

A quick look at GLP Financials

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the GLP balance sheet.
  • GLP has cash burn of 34587000. It has enough cash and short-term investments to cover this for at least one year.
  • Total GLP debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • GLP has $81.93M in cash and short term investments. This is not enough to cover its annual cash burn of $34.59M.
  • GLP has a relatively high debt to equity ratio of 3.54.
  • GLP profit margin has gone down from 1.8% to 0.6% in the past year.
  • There are more long-term liabilities than short-term assets on the GLP balance sheet.

You can dig deeper into what analysts are forecasting on the Global Partners stock forecast page.

GLP Trading Indicators

SMA10
43.41
SMA20
44.45
SMA50
45.58
SMA100
45.96
SMA200
42.05
MACD
-1.38
MACD Signal
-0.8
MACD Histogram
-0.58
RSI
26.33
Stochastic %K
14.15
Stochastic %D
14.32
StochRSI %K
0.59
StochRSI %D
0.2

GLP Performance Metrics

Last year, GLP earnings were $91.60M. During the past 5 year, GLP's earnings have increased by 14.2% per year. This was slower than the Oil & Gas Midstream industry average of 28.37%.

Last year, GLP revenue was $16.61B. In the past 5 year, GLP's revenue has increased by 5.26% per year. This was slower than the Oil & Gas Midstream industry average of 8.28%.

You can research GLP's earnings and revenue performance here.

Latest Insiders Trades at GLP

Over the last year, executives and large shareholders at GLP have bought more shares than they have sold.

Global GP LLC, was the latest GLP insider to buy. They bought $456,800.00 worth of GLP stock on Jun 20, 2024.

Dig into more about who owns GLP stock here.

Does GLP stock generate passive income?

Global Partners pays a dividend of 6.85%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.69%. If you owned $1,000 of GLP stock, you would have been paid $68.46 last year.

Global Partners dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more data about Global Partners dividend yield and history here.

Get opinions from other traders

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your GLP buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.

Press the Open Trade button and eToro will place your order.

If you require additional help with investing in stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Watch your investment in GLP

Now that you own some GLP stock, you'll want to stay up-to-date on your stock purchase.

Put GLP on a watchlist to get alerted to the latest events about your GLP stock.

GLP Feed

How to Buy Stock in Global Partners

To summarize, here are the 6 steps to buy Global Partners stock:

  1. Choose where to buy Global Partners stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Analyze Global Partners stock
  5. Execute your GLP buy order
  6. Watch your investment in GLP

If you are looking for a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your new investment in Global Partners, click the button below.

NYSE: GLP
$40.46+0.05 (+0.12%)
Updated Jul 17, 2024
Open eToro Account
NYSE: GLP
$40.46+0.05 (+0.12%)
Updated Jul 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Global Partners share?

As of Jul 17, 2024, it costs $40.46 to buy one share of Global Partners stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.247 shares of GLP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Global Partners stock?

One way to place an order for Global Partners stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.