Buckeye Partners L.P. (BPL) Given Media Impact Rating of 0.13
Press coverage about Buckeye Partners L.P. (NYSE:BPL) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Buckeye Partners L.P. earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 47.2033422039424 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Buckeye Partners LP (NYSE:BPL) Position Decreased by BTR Capital Management Inc (footballhebdo.com)
- Buckeye Partners LP (BPL) Stake Maintained by Whitnell & Co (wisdomsave.com)
- Consensus Buy Analysis: Buckeye Partners, LP (BPL) – Street Observer (press release) (streetobserver.com)
- Buckeye Partners’ Distribution Coverage Fell in 2Q17 (finance.yahoo.com)
- Jpmorgan Chase & Co Adjusts Its Stake in Buckeye Partners LP (BPL) Last Quarter – First News 24 (firstnewspaper24.com)
Several analysts have weighed in on BPL shares. BidaskClub cut Buckeye Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut Buckeye Partners L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC cut their price objective on Buckeye Partners L.P. from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday. Credit Suisse Group set a $74.00 price objective on Buckeye Partners L.P. and gave the company a “hold” rating in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 price objective on shares of Buckeye Partners L.P. in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.36.
Buckeye Partners L.P. (BPL) traded down 0.94% during trading on Friday, hitting $57.90. 496,191 shares of the stock traded hands. The firm has a 50-day moving average price of $63.19 and a 200 day moving average price of $66.32. The firm has a market cap of $8.18 billion, a PE ratio of 16.01 and a beta of 1.11. Buckeye Partners L.P. has a 12 month low of $57.77 and a 12 month high of $73.36.
Buckeye Partners L.P. (NYSE:BPL) last issued its earnings results on Friday, August 4th. The pipeline company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.20. Buckeye Partners L.P. had a return on equity of 11.04% and a net margin of 14.42%. The company had revenue of $810.20 million during the quarter, compared to the consensus estimate of $797.47 million. During the same quarter in the prior year, the company earned $1.07 earnings per share. Buckeye Partners L.P.’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Buckeye Partners L.P. will post $3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a dividend of $1.2625 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase 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 8.72%. Buckeye Partners L.P.’s dividend payout ratio (DPR) is currently 136.99%.
In other news, SVP Todd J. Russo sold 3,280 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $67.00, for a total transaction of $219,760.00. Following the transaction, the senior vice president now directly owns 14,106 shares in the company, valued at $945,102. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.
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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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