Buckeye Partners Declares Dividend of $1.09 (BPL)
Buckeye Partners (NYSE:BPL) announced a dividend on Friday, February 7th, ARN reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 1.0875 per share on Tuesday, February 25th. The ex-dividend date is Thursday, February 13th.
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. 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.00.
Buckeye Partners (NYSE:BPL) opened at 71.88 on Friday. Buckeye Partners has a 52-week low of $52.20 and a 52-week 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.
Buckeye Partners (NYSE:BPL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.75 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.86 by $0.11. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.20 billion. 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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