Many Buckeye Partners L.P.(BPL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Downgraded by Stifel on Feb 13, 2017 to Hold, Raises Price Target to $ 74 from a previous price target of $73 .Company shares were Reiterated by Mizuho on Feb 13, 2017 to Neutral, Raises Price Target to $ 73 from a previous price target of $70 .Buckeye Partners L.P. was Resumed by Barclays on Jan 17, 2017 to Equal Weight, Price Target of the shares are set at $72.Buckeye Partners L.P. was Downgraded by Goldman to Neutral on Dec 15, 2016.
Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Clair Keith St (EVP and CFO) sold 3,500 shares at 65.10 per share price.On Dec 19, 2016, Joseph Sauger (SVP, Eng. and Compliance Svcs) sold 1,062 shares at 64.84 per share price.On Dec 8, 2016, Larry C Payne (director) purchased 1,000 shares at 62.95 per share price.
Buckeye Partners L.P. Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.23. Analyst had a consensus of $1.01. The company had revenue of $924.10 million for the quarter, compared to analysts expectations of $860.16 million. The companys revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Buckeye Partners L.P. (NYSE:BPL) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.05 by 10 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Buckeye Partners L.P. (NYSE:BPL): The mean estimate for the short term price target for Buckeye Partners L.P. (NYSE:BPL) stands at $79.11 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $89 while the lower price target estimate is at $73.
Buckeye Partners L.P. (NYSE:BPL) rose 0.18% or 0.13 points on Tuesday and made its way into the gainers of the day. After trading began at $71.52 the stock was seen hitting $72.13 as a peak level and $71.4 as the lowest level. The stock ended up at $71.96. The daily volume was measured at 767,514 shares. The 52-week high of the share price is $75.1 and the 52-week low is $54.96. The company has a market cap of $10,090 million.
Buckeye Partners, L.P. conducts all its operations through subsidiary entities including Buckeye Pipe Line Company, L.P., Laurel Pipe Line Company, L.P., Everglades Pipe Line Company, L.P. and Buckeye Tank Terminals Company, L.P. The company receives petroleum products from refineries, connecting pipelines and marine terminals, and transports those products to other locations. Buckeye Partners also provides bulk storage services through leased facilities.