Media headlines about Buckeye Partners (NYSE:BPL) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Buckeye Partners earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.6043880960728 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- JPMorgan Chase & Co. Lowers Buckeye Partners (BPL) Price Target to $50.00 (americanbankingnews.com)
- Insider Selling: Buckeye Partners, L.P. (BPL) SVP Sells 11,013 Shares of Stock (americanbankingnews.com)
- 2 High-Yield Dividend Stocks I’d Buy Right Now – Madison.com (host.madison.com)
- Why Is Buckeye (BPL) Down 12.3% Since Its Last Earnings Report? (finance.yahoo.com)
- Validea David Dreman Strategy Daily Upgrade Report – 3/9/2018 – Nasdaq (nasdaq.com)
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $50.00 price objective (down previously from $56.00) on shares of Buckeye Partners in a report on Tuesday. Bank of America cut their price objective on shares of Buckeye Partners from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, March 6th. UBS Group restated a “buy” rating and set a $55.00 price objective (down previously from $64.00) on shares of Buckeye Partners in a report on Friday, March 2nd. Barclays cut their price objective on shares of Buckeye Partners from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Buckeye Partners and gave the company a “buy” rating in a report on Sunday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Buckeye Partners presently has an average rating of “Hold” and a consensus price target of $59.67.
Shares of Buckeye Partners (BPL) traded down $0.63 during trading hours on Wednesday, reaching $44.94. 85,315 shares of the company traded hands, compared to its average volume of 801,175. Buckeye Partners has a one year low of $42.96 and a one year high of $69.95. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 0.96. The firm has a market cap of $6,666.31, a P/E ratio of 13.63 and a beta of 1.14.
Buckeye Partners (NYSE:BPL) last issued its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.03). Buckeye Partners had a return on equity of 10.02% and a net margin of 13.13%. The business had revenue of $946.05 million during the quarter, compared to analyst estimates of $905.02 million. During the same quarter last year, the company posted $0.78 EPS. Buckeye Partners’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts anticipate that Buckeye Partners will post 3.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were issued a $1.2625 dividend. This represents a $5.05 annualized dividend and a yield of 11.24%. The ex-dividend date was Friday, February 16th. This is an increase from Buckeye Partners’s previous quarterly dividend of $1.24. Buckeye Partners’s dividend payout ratio is 151.20%.
In other Buckeye Partners news, SVP Joseph Sauger sold 11,013 shares of the company’s stock in a transaction that occurred 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 owns 27,416 shares in the company, valued at approximately $1,204,110.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pieter Bakker sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $46.05, for a total value of $92,100.00. Following the completion of the sale, the director now owns 19,552 shares in the company, valued at approximately $900,369.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,361 shares of company stock worth $592,488. Insiders own 0.42% of the company’s stock.
About Buckeye Partners
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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