Insider Selling: Clair Keith St Unloads 7,500 Shares of Buckeye Partners, L.P. Stock (BPL)
Buckeye Partners, L.P. (NYSE:BPL) CFO Clair Keith St sold 7,500 shares of the stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $79.56, for a total transaction of $596,700.00. Following the completion of the transaction, the chief financial officer now directly owns 60,419 shares of the company’s stock, valued at approximately $4,806,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Buckeye Partners, L.P. (NYSE:BPL) traded up 1.04% on Monday, hitting $80.87. The stock had a trading volume of 578,193 shares. Buckeye Partners, L.P. has a one year low of $62.00 and a one year high of $81.15. The stock has a 50-day moving average of $78.49 and a 200-day moving average of $74.10. The company has a market cap of $9.377 billion and a P/E ratio of 54.56.
Buckeye Partners, L.P. (NYSE:BPL) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $80.00.
Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.
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