News articles about Buckeye Partners L.P. (NYSE:BPL) have trended somewhat positive on Monday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Buckeye Partners L.P. earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.8047831930039 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Buckeye Partners L.P. (BPL) Downgraded by TheStreet (americanbankingnews.com)
- Tallgrass Energy Partners, (TEP) vs. Buckeye Partners L.P. (BPL) Head to Head Comparison (americanbankingnews.com)
- Buckeye Partners, LP (BPL) – Oversold Stock to Focus – Wall Street Morning (wallstreetmorning.com)
- Buckeye Partners L.P. (BPL) Scheduled to Post Quarterly Earnings on Friday (americanbankingnews.com)
- Nucor Corporation (NUE) has a value of $59.45 per share While Buckeye Partners, LP (BPL) is stand at $52.53 – Stocks Gallery (stocksgallery.com)
Shares of Buckeye Partners L.P. (NYSE:BPL) opened at 52.745 on Monday. The stock’s 50 day moving average is $55.85 and its 200-day moving average is $61.29. Buckeye Partners L.P. has a 12-month low of $50.14 and a 12-month high of $73.01. The company has a market capitalization of $7.45 billion, a P/E ratio of 14.587 and a beta of 1.16.
Buckeye Partners L.P. (NYSE:BPL) last announced its quarterly earnings data on Friday, August 4th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.20). The firm had revenue of $810.20 million during the quarter, compared to analysts’ expectations of $797.47 million. Buckeye Partners L.P. had a return on equity of 11.04% and a net margin of 14.42%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. Analysts anticipate that Buckeye Partners L.P. will post $3.56 earnings per share for the current year.
Several equities research analysts have recently issued reports on BPL shares. Citigroup Inc. decreased their price target on shares of Buckeye Partners L.P. from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and set a $69.00 price target on shares of Buckeye Partners L.P. in a research note on Sunday, September 10th. UBS AG decreased their price target on shares of Buckeye Partners L.P. from $76.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. TheStreet lowered shares of Buckeye Partners L.P. from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. Finally, Barclays PLC decreased their price target on shares of Buckeye Partners L.P. from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $69.42.
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In related news, Director Barbara J. Duganier bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $58.19 per share, with a total value of $58,190.00. Following the completion of the purchase, the director now owns 9,000 shares of the company’s stock, valued at approximately $523,710. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.
About Buckeye Partners L.P.
Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Its segments include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services.
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