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Buckeye Partners, L.P. (NYSE:BPL)’s share price reached a new 52-week high during mid-day trading on Friday , ARN reports. The company traded as high as $78.40 and last traded at $77.82, with a volume of 151,858 shares changing hands. The stock had previously closed at $76.05.

A number of analysts have recently weighed in on BPL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Buckeye Partners, L.P. in a research note on Friday, March 14th. They now have a $76.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Buckeye Partners, L.P. from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, analysts at UBS AG raised their price target on shares of Buckeye Partners, L.P. to $76.00 in a research note on Monday, February 10th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Buckeye Partners, L.P. presently has an average rating of “Hold” and a consensus price target of $75.67.

The stock has a 50-day moving average of $73.91 and a 200-day moving average of $70.02. The company has a market cap of $8.851 billion and a P/E ratio of 50.97.

Buckeye Partners, L.P. (NYSE:BPL) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the 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. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 47.2% on a year-over-year basis. Analysts expect that Buckeye Partners, L.P. will post $3.76 EPS for the current fiscal year.

Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.

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