News headlines about Buckeye Partners, L.P. (NYSE:BPL) have been trending somewhat positive this week, Alpha One Sentiment reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Buckeye Partners, L.P. earned a news impact score of 0.03 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 29 out of 100, meaning that recent media coverage is unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected AlphaOne’s rankings:
- Shares in the Spotlight: Buckeye Partners LP (BPL) – Stock Rover (thestockrover.com)
- Love Dividends? Here’s 4 Energy Sector Stocks You Might Want to Buy – Motley Fool (fool.com)
- Buckeye Partners, L.P. (BPL) Expected to Announce Quarterly Sales of $831.3 Million (americanbankingnews.com)
- Midcoast Energy Partners, LP fourth-quarter loss widens on a YOY basis (eleganthomesinla.com)
- Buckeye Partners, L.P. (BPL) Expected to Post Earnings of $1.00 Per Share (americanbankingnews.com)
A number of research firms have commented on BPL. SunTrust Banks, Inc. began coverage on shares of Buckeye Partners, L.P. in a research note on Monday, March 20th. They set a “hold” rating and a $72.00 target price on the stock. Barclays PLC decreased their target price on shares of Buckeye Partners, L.P. from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Monday, March 6th. Zacks Investment Research cut shares of Buckeye Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Bank of America Corp cut shares of Buckeye Partners, L.P. from a “buy” rating to a “hold” rating and raised their target price for the stock from $72.11 to $74.00 in a research note on Monday, February 13th. Finally, Mizuho raised their target price on shares of Buckeye Partners, L.P. from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.11.
Buckeye Partners, L.P. (NYSE:BPL) traded down 0.43% during midday trading on Thursday, reaching $67.62. 193,438 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 16.78 and a beta of 1.24. Buckeye Partners, L.P. has a 52 week low of $61.37 and a 52 week high of $75.10. The firm’s 50 day moving average is $67.91 and its 200 day moving average is $67.31.
Buckeye Partners, L.P. (NYSE:BPL) last posted its quarterly earnings data on Friday, February 10th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.25. Buckeye Partners, L.P. had a net margin of 16.49% and a return on equity of 13.13%. The company had revenue of $924.06 million for the quarter, compared to analyst estimates of $860.16 million. During the same quarter last year, the company earned $1.03 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Buckeye Partners, L.P. will post $4.31 earnings per share for the current year.
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About Buckeye Partners, L.P.
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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