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Shares of Buckeye Partners, L.P. (NYSE:BPL) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Stock Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $80.00.

Shares of Buckeye Partners, L.P. (NYSE:BPL) opened at 78.98 on Friday. Buckeye Partners, L.P. has a 52 week low of $62.00 and a 52 week high of $81.15. The stock’s 50-day moving average is $77.95 and its 200-day moving average is $73.64. The company has a market cap of $9.158 billion and a price-to-earnings ratio of 53.84.

Buckeye Partners, L.P. (NYSE:BPL) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.15. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.86 earnings per share. Buckeye Partners, L.P.’s revenue was up 49.6% compared to the same quarter last year. On average, analysts predict that Buckeye Partners, L.P. will post $3.70 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on BPL shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Buckeye Partners, L.P. in a research note on Wednesday, June 4th. They now have a $82.00 price target on the stock, up previously from $79.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Buckeye Partners, L.P. in a research note on Tuesday, May 6th. They now have a $83.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Buckeye Partners, L.P. in a research note on Tuesday, May 6th. They now have a $78.00 price target on the stock, up previously from $76.00.

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

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