Headlines about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Buckeye Partners earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.082232963916 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
A number of analysts recently issued reports on BPL shares. Zacks Investment Research cut Buckeye Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Credit Suisse Group started coverage on Buckeye Partners in a research note on Thursday, January 4th. They set an “underperform” rating for the company. Bank of America initiated coverage on Buckeye Partners in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Barclays raised their price target on shares of Buckeye Partners from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Mizuho set a $55.00 price objective on Buckeye Partners and gave the company a “hold” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.46.
Shares of NYSE BPL traded down $0.56 during trading hours on Friday, hitting $37.29. The company had a trading volume of 1,408,172 shares, compared to its average volume of 1,146,330. The company has a market cap of $5,479.09, a PE ratio of 11.23 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 0.96. Buckeye Partners has a 1-year low of $35.24 and a 1-year high of $69.95.
Buckeye Partners (NYSE:BPL) last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). Buckeye Partners had a net margin of 13.13% and a return on equity of 10.02%. The business had revenue of $946.05 million for the quarter, compared to analyst estimates of $905.02 million. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts predict that Buckeye Partners will post 3.12 EPS for the current fiscal year.
In other news, Director Pieter Bakker sold 2,000 shares of Buckeye Partners stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $46.05, for a total transaction of $92,100.00. Following the completion of the sale, the director now owns 19,552 shares of the company’s stock, valued at $900,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Sauger sold 11,013 shares of Buckeye Partners stock in a transaction on Friday, March 9th. The stock was sold at an average price of $43.92, for a total value of $483,690.96. Following the sale, the senior vice president now directly owns 27,416 shares of the company’s stock, valued at approximately $1,204,110.72. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
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Buckeye Partners Company Profile
Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, and various distillates; refined petroleum products; and crude oil.
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