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 $47.33, up 1.39% from the previous day, and has increased 50.3% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.29 percentage points. Global Partners stock is currently +74.84% from its 52-week low of $27.07, and -4.38% from its 52-week high of $49.50.
There are currently 34M shares of GLP outstanding. The market capitalization of GLP is $1.61B. In the past 24 hours, 69,460 GLP shares were traded.
How to Buy Global Partners Stock
Wondering how to invest in Global Partners stock? Here's how.
- Choose where to buy Global Partners stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Global Partners stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Pick your method of payment and add your info.
- 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 research website can help you evaluate if GLP is a good stock to buy).
- Execute your GLP buy order: Decide if you will purchase GLP shares at the current market price or use a limit order to buy GLP stock at a given price.
- Watch your investment in GLP: Create a watchlist to keep track of your new investment in Global Partners shares.
Step 1: Choose where to buy Global Partners stock
You will need an online brokerage account to access the NYSE market and buy GLP stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you are able to invest in GLP stock today.
How to Start a New Investment Account on eToro
- 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.
- Enter your personal data to open a new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the stock trading app, you can securely and quickly fund your account:
Check out the video below for more details transferring money into your new investment account.
Step 4: Analyze Global Partners stock
After you have selected the best place to buy Global Partners stock, it's important to evaluate their stock prior to investing, so you can understand the risk as well as the upside.
Global Partners shares at a glance
Global Partners Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on GLP's stock page.
How is GLP stock valued?
You can use many financial metrics, analyses, models, and charts to gauge GLP's fair value.
Using relative valuations ratios:
- GLP could be undervalued based on its P/E ratio of 12.55x, relative to Oil & Gas Midstream industry P/E ratio of 14.17x
- GLP may be undervalued based on its P/B ratio of 2.01x, relative to Oil & Gas Midstream industry P/B ratio of 2.36x
- GLP could be overvalued based on its PEG ratio of 3.52x
You can do additional valuation research on GLP's stock here.
How do GLP Financials look?
Passed Health Checks:
- GLP's operating cash flow of $512.44M allows it to safely service it's debt of $1.48B.
- Total GLP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the GLP balance sheet.
Failed Health Checks:
- GLP profit margin has gone down from 1.8% to 0.8% in the past year.
- GLP earnings of $246.27M is not enough to cover its interest payments.
- GLP has a relatively high debt to equity ratio of 3.3.
- There are more long-term liabilities than short-term assets on the GLP balance sheet.
Is it a good time to buy Global Partners stock, according to analysts?
Out of 1 Wall Street analysts who give forecasts on GLP, the consensus analyst rating on GLP is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Global Partners stock forecast page.
Metrics for Advanced GLP Traders
GLP Revenue
Last year, GLP earnings were $128.04M. During the last 5 year, GLP's earnings have increased by 4.89% per year. This was slower than the Oil & Gas Midstream industry average of 21.2%.
Last year, GLP revenue was $16.49B. During the last 5 year, GLP's revenue has gone up by 5.41% per year. This was slower than the Oil & Gas Midstream industry average of 8.23%.
Dig into GLP's earnings and revenue performance here.
Are GLP executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at GLP have sold more shares than they have bought.
Sean T. Geary, Chief Legal Officer Sec. of GLP, was the latest GLP insider to sell. They sold $54,653.20 worth of GLP shares on Feb 28, 2024.
Learn more about who owns GLP shares here.
Can I get consistent income from GLP stock?
Global Partners pays a dividend of 5.74%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.94%. If you owned $1,000 worth of GLP stock, you would have received $57.36 in the past year.
Global Partners dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Global Partners dividend yield and history here.
GLP Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your GLP buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Click the Open button and eToro will place the order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in GLP
Now that you own some shares in GLP, you'll want to stay up-to-date on your investment.
Create a watchlist to get notified of the latest news about your GLP stock.
GLP Feed
How to Buy Stock in Global Partners
To summarize, here are the 6 steps for buying Global Partners stock:
- Choose where to buy Global Partners stock
- Open a brokerage account
- Deposit money your brokerage account
- Analyze Global Partners stock
- Execute your GLP buy order
- Watch your investment in GLP
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Global Partners, get started below.
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