|Bid||19.01 x 1300|
|Ask||20.77 x 800|
|Day's Range||19.48 - 19.84|
|52 Week Range||17.63 - 21.62|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||8.29|
|Forward Dividend & Yield||2.08 (10.45%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||N/A|
Phillips 66 (PSX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
The Zacks Analyst Blog Highlights: CNX Midstream Partners, NuStar Energy, Global Partners and Noble Midstream Partners
The surge in oil and natural gas production over the past few years have made pipelines, storage and associated infrastructure providers attractive bets in the energy midstream space.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
A surprise crude buildup along with Trump's dousing of optimism over U.S.-China talks dragged oil prices down. But, the drop in oil has been a blessing for aviation and refinery companies.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Global Partners LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Two major segments of the partnership, Crude Oil Logistics and Water Solutions, are sending mixed signals with regard to NGL Energy Partners' (NGL) results in the upcoming quarter.
Moody's Investors Service (Moody's) assigned a B2 rating to Global Partners LP (Global) proposed $400 million senior unsecured notes due 2027, co-issued by GLP Finance Corp. The proceeds from the proposed notes offering will be used to repurchase outstanding notes as outlined in a simultaneously announced tender offer for its $375 million senior unsecured notes due 2022. The existing and proposed senior unsecured notes are rated B2, one notch below Global's B1 CFR, reflecting the effective subordination of the notes to Global's $1.3 billion of revolving credit facilities, which are secured by substantially all the assets of the firm. Global's B1 Corporate Family Rating (CFR) reflects the company's strong market presence in the northeastern US, relatively stable earnings and modest working capital needs associated with its retail gasoline supply and station operations businesses.
Moody's Investors Service (Moody's) affirmed Global Partners LP's (Global) ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), B2 senior unsecured rating, and the SGL-3 Speculative Grade Liquidity rating.
Global Partners LP (NYSE:GLP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.