News headlines about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Buckeye Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 45.6198877126111 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Validea David Dreman Strategy Daily Upgrade Report – 3/9/2018 – Nasdaq (nasdaq.com)
- Buckeye Partners LP: This 11.4% Yield Looks Like a Safe Bet – Income Investors (incomeinvestors.com)
- Buckeye Partners, LP’s 2017 Schedule K-1 Tax Packages Are Now Available – GlobeNewswire (press release) (globenewswire.com)
- Bank of America Cuts Buckeye Partners (BPL) Price Target to $52.00 (americanbankingnews.com)
- Buckeye Partners, L.P.’s 2017 Schedule K-1 Tax Packages Are Now Available (finance.yahoo.com)
Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Buckeye Partners from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Zacks Investment Research raised shares of Buckeye Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, February 5th. Credit Suisse Group initiated coverage on shares of Buckeye Partners in a research report on Thursday, January 4th. They set an “underperform” rating for the company. Bank of America initiated coverage on shares of Buckeye Partners in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus set a $56.00 price target on shares of Buckeye Partners and gave the stock a “buy” rating in a research report on Sunday, February 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.55.
Buckeye Partners (NYSE:BPL) last released its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Buckeye Partners had a net margin of 13.13% and a return on equity of 10.02%. The company had revenue of $946.05 million during the quarter, compared to analyst estimates of $905.02 million. During the same period in the prior year, the business posted $0.78 EPS. Buckeye Partners’s revenue was up 2.4% compared to the same quarter last year. equities analysts expect that Buckeye Partners will post 3.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.2625 per share. This represents a $5.05 annualized dividend and a yield of 11.45%. The ex-dividend date was Friday, February 16th. This is a boost from Buckeye Partners’s previous quarterly dividend of $1.24. Buckeye Partners’s payout ratio is 151.20%.
In other news, Director Pieter Bakker sold 2,000 shares of Buckeye Partners stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $46.05, for a total transaction of $92,100.00. Following the transaction, the director now owns 19,552 shares in the company, valued at approximately $900,369.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.
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About Buckeye Partners
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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