Share on StockTwits

Buckeye Partners, L.P. (NYSE:BPL) reached a new 52-week high during trading on Thursday , StockRatingsNetwork reports. The stock traded as high as $84.91 and last traded at $84.26, with a volume of 122,892 shares. The stock had previously closed at $83.41.

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, June 27th. They now have a $86.00 price target on the stock. Separately, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $80.50.

The stock’s 50-day moving average is $80.7 and its 200-day moving average is $76.23. The company has a market cap of $9.669 billion and a price-to-earnings ratio of 56.86.

Buckeye Partners, L.P. (NYSE:BPL) last announced its 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.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.