Buckeye Partners Sets New 1-Year High at $73.75 (BPL)
Buckeye Partners (NYSE:BPL) set a new 52-week high during trading on Tuesday, Analyst RN reports. The stock traded as high as $73.75 and last traded at $73.12, with a volume of 224,720 shares. The stock had previously closed at $72.52.
A number of analysts have recently weighed in on BPL shares. Analysts at Deutsche Bank raised their price target on shares of Buckeye Partners from $75.00 to $80.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Buckeye Partners in a research note to investors on Thursday, December 19th. They set a “sector perform” rating and a $72.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Buckeye Partners in a research note to investors on Monday, December 16th. They now have a $72.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Buckeye Partners presently has an average rating of “Hold” and an average target price of $69.00.
In other Buckeye Partners news, CEO Clark Smith unloaded 10,000 shares of Buckeye Partners stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $72.53, for a total value of $725,300.00. Following the completion of the transaction, the chief executive officer now directly owns 43,469 shares of the company’s stock, valued at approximately $3,152,807. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Buckeye Partners has a 52 week low of $51.36 and a 52 week high of $73.44. The stock has a 50-day moving average of $69.67 and a 200-day moving average of $68.34. The company has a market cap of $8.398 billion and a P/E ratio of 27.12.
Buckeye Partners (NYSE:BPL) last released its earnings data on Friday, November 1st. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.87 earnings per share. Buckeye Partners’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Buckeye Partners will post $3.17 EPS for the current fiscal year.
Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.
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