Buckeye Partners (NYSE:BPL) will announce its earnings results before the market opens on Friday, February 9th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
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 analysts’ consensus estimates of $0.86 by ($0.05). The firm had revenue of $922.60 million for the quarter, compared to the consensus estimate of $795.12 million. Buckeye Partners had a net margin of 12.69% and a return on equity of 9.72%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 earnings per share. On average, analysts expect Buckeye Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Buckeye Partners (NYSE BPL) opened at $53.99 on Friday. Buckeye Partners has a 12 month low of $43.90 and a 12 month high of $73.01. The firm has a market cap of $7,920.00, a PE ratio of 16.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.10.
In other Buckeye Partners news, SVP Joseph Sauger sold 5,481 shares of Buckeye Partners stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $47.04, for a total transaction of $257,826.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company’s stock.
A number of analysts have recently commented on BPL shares. TheStreet lowered shares of Buckeye Partners from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price target on shares of Buckeye Partners in a research note on Sunday, October 29th. Mizuho reiterated a “hold” rating and issued a $60.00 price target on shares of Buckeye Partners in a research note on Sunday, November 5th. Royal Bank of Canada reduced their price target on shares of Buckeye Partners from $67.00 to $56.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $72.00 price target on shares of Buckeye Partners in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $64.73.
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Buckeye Partners Company Profile
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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