News stories about Buckeye Partners L.P. (NYSE:BPL) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring 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 0.01 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 45.6414882917334 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Buckeye Partners’ Distribution Growth Stops in 3Q17 (finance.yahoo.com)
- Buckeye Partners, LP Prices $400 Million Offering of Senior Notes – GlobeNewswire (press release) (globenewswire.com)
- Buckeye Partners, L.P. Prices $400 Million Offering of Senior Notes (finance.yahoo.com)
- Buckeye Partners L.P. (BPL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Zacks: Analysts Anticipate Buckeye Partners L.P. (BPL) Will Post Earnings of $0.90 Per Share (americanbankingnews.com)
Shares of Buckeye Partners L.P. (NYSE BPL) opened at $50.51 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.10 and a quick ratio of 0.54. Buckeye Partners L.P. has a 12 month low of $50.10 and a 12 month high of $73.01. The company has a market cap of $7,574.16, a price-to-earnings ratio of 15.80 and a beta of 1.16.
Buckeye Partners L.P. (NYSE:BPL) last posted its quarterly earnings data on Friday, November 3rd. The pipeline company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.05). Buckeye Partners L.P. had a net margin of 12.69% and a return on equity of 9.72%. The firm had revenue of $922.60 million during the quarter, compared to the consensus estimate of $795.12 million. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. sell-side analysts anticipate that Buckeye Partners L.P. will post 3.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be paid a $1.2625 dividend. This is a positive change from Buckeye Partners L.P.’s previous quarterly dividend of $1.24. This represents a $5.05 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date is Friday, November 10th. Buckeye Partners L.P.’s dividend payout ratio is currently 154.43%.
BPL has been the subject of a number of research analyst reports. Citigroup Inc. lowered their price objective on shares of Buckeye Partners L.P. from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $69.00 price objective on shares of Buckeye Partners L.P. in a research report 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 report on Tuesday, October 17th. TheStreet cut shares of Buckeye Partners L.P. from a “b-” rating to a “c+” rating in a research report 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 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’s stock. Buckeye Partners L.P. currently has an average rating of “Hold” and an average target price of $66.50.
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In other news, Director Barbara J. Duganier acquired 1,000 shares of Buckeye Partners L.P. stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $58.19 per share, with a total value of $58,190.00. Following the purchase, the director now owns 9,000 shares in the company, valued at approximately $523,710. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.
Buckeye Partners L.P. 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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