News coverage about Buckeye Partners L.P. (NYSE:BPL) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Buckeye Partners L.P. earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.7484151290874 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Buckeye Partners’ Distribution Growth Stops in 3Q17 (finance.yahoo.com)
- Buckeye Partners, LP Prices $400 Million Offering of Senior Notes – GlobeNewswire (press release) (globenewswire.com)
- Buckeye Partners, L.P. Prices $400 Million Offering of Senior Notes (finance.yahoo.com)
- Buckeye Partners L.P. (BPL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Zacks: Analysts Anticipate Buckeye Partners L.P. (BPL) Will Post Earnings of $0.90 Per Share (americanbankingnews.com)
Shares of Buckeye Partners L.P. (NYSE BPL) opened at $49.74 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.10. The company has a market capitalization of $7,406.99, a price-to-earnings ratio of 15.45 and a beta of 1.16. Buckeye Partners L.P. has a 1-year low of $49.39 and a 1-year high of $73.01.
Buckeye Partners L.P. (NYSE:BPL) last posted its quarterly earnings results on Friday, November 3rd. The pipeline company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Buckeye Partners L.P. had a net margin of 12.69% and a return on equity of 9.72%. The firm had revenue of $922.60 million during the quarter, compared to the consensus estimate of $795.12 million. During the same quarter in the prior year, the business earned $1.19 EPS. Buckeye Partners L.P.’s revenue was up 20.3% on a year-over-year basis. research analysts expect that Buckeye Partners L.P. will post 3.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be given a dividend of $1.2625 per share. The ex-dividend date is Friday, November 10th. This represents a $5.05 dividend on an annualized basis and a dividend yield of 10.15%. This is a positive change from Buckeye Partners L.P.’s previous quarterly dividend of $1.24. Buckeye Partners L.P.’s dividend payout ratio (DPR) is currently 154.43%.
BPL has been the topic of a number of recent research reports. SunTrust Banks, Inc. reduced their price target on shares of Buckeye Partners L.P. to $58.00 and set a “hold” rating on the stock in a research report on Tuesday. Barclays PLC dropped their price objective on shares of Buckeye Partners L.P. from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. BidaskClub lowered shares of Buckeye Partners L.P. from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada lowered their target price on shares of Buckeye Partners L.P. from $67.00 to $56.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. Finally, Credit Suisse Group set a $74.00 price objective on shares of Buckeye Partners L.P. and gave the stock a “hold” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.33.
Buckeye Partners L.P. Company Profile
Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Its segments include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services.
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