Global Partners LP representing Limited Partner Interests (NYSE:GLP) traded today at a new 52-week high of $27.90. So far today approximately 68,000 shares have been exchanged, as compared to an average 30-day volume of 110,000 shares.
Global Partners LP is a US-based limited partnership which acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
Global Partners LP representing Limited Partner Interests has overhead space with shares priced $27.41, or 65.7% below the average consensus analyst price target of $80.03.
In the past 52 weeks, shares of Global Partners LP representing Limited Partner Interests have traded between a low of $18.94 and a high of $27.90 and is now at $27.41, which is 45% above that low price.
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