Buckeye Partners (BPL) Earning Somewhat Positive Media Coverage, Accern Reports

News headlines about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Buckeye Partners earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.1741666314575 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s analysis:

Buckeye Partners (NYSE:BPL) traded up $0.73 during midday trading on Monday, reaching $47.40. The company’s stock had a trading volume of 1,013,023 shares, compared to its average volume of 585,803. Buckeye Partners has a 1-year low of $43.90 and a 1-year high of $73.01. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6,843.88, a PE ratio of 14.27 and a beta of 1.11.

Buckeye Partners (NYSE:BPL) last released its quarterly earnings data on Friday, November 3rd. The pipeline company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). The business had revenue of $922.60 million during the quarter, compared to analysts’ expectations of $795.12 million. Buckeye Partners had a return on equity of 9.72% and a net margin of 12.69%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. equities analysts forecast that Buckeye Partners will post 3.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 13th were paid a $1.2625 dividend. This represents a $5.05 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date was Friday, November 10th. This is a boost from Buckeye Partners’s previous quarterly dividend of $1.24. Buckeye Partners’s dividend payout ratio (DPR) is presently 154.43%.

BPL has been the subject of several analyst reports. Citigroup dropped their target price on Buckeye Partners from $77.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. UBS dropped their price objective on Buckeye Partners from $76.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price objective on shares of Buckeye Partners in a report on Sunday, September 10th. TheStreet cut Buckeye Partners from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Finally, Barclays dropped their price objective on Buckeye Partners from $68.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Buckeye Partners has a consensus rating of “Hold” and a consensus price target of $65.33.

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About Buckeye Partners

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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