Buckeye Partners, L.P. (BPL) Releases Quarterly Earnings Results, Misses Estimates By $0.31 EPS
Buckeye Partners, L.P. (NYSE:BPL) posted its quarterly earnings results on Friday. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.31, Analyst Ratings Network.com reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.53 billion.
On a related note, 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $79.40.
Buckeye Partners, L.P. (NYSE:BPL) opened at 80.65 on Friday. Buckeye Partners, L.P. has a 52 week low of $62.00 and a 52 week high of $84.91. The stock has a 50-day moving average of $81.28 and a 200-day moving average of $77.0. The company has a market cap of $9.352 billion and a price-to-earnings ratio of 54.52.
Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.
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