Buckeye Partners (BPL) Posts Quarterly Earnings, Misses Expectations By $0.11 EPS
Buckeye Partners (NYSE:BPL) released its earnings data on Friday. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.11, Analyst Ratings Network.com reports. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.20 billion.
Shares of Buckeye Partners (NYSE:BPL) opened at 71.88 on Friday. Buckeye Partners has a one year low of $52.20 and a one year high of $73.82. The stock has a 50-day moving average of $70.99 and a 200-day moving average of $68.46. The company has a market cap of $8.269 billion and a P/E ratio of 26.88.
The company also recently announced a dividend, which is scheduled for Tuesday, February 25th. Investors of record on Tuesday, February 18th will be paid a dividend of 1.0875 per share. The ex-dividend date is Thursday, February 13th.
A number of research firms have recently commented on BPL. 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. On the ratings front, 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Buckeye Partners currently has a consensus rating of “Hold” and an average target price of $69.00.
Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.
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