Press coverage about Buckeye Partners (NYSE:BPL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Buckeye Partners earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.6043880960728 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- JPMorgan Chase & Co. Lowers Buckeye Partners (BPL) Price Target to $50.00 (americanbankingnews.com)
- Insider Selling: Buckeye Partners, L.P. (BPL) SVP Sells 11,013 Shares of Stock (americanbankingnews.com)
- 2 High-Yield Dividend Stocks I’d Buy Right Now – Madison.com (host.madison.com)
- Why Is Buckeye (BPL) Down 12.3% Since Its Last Earnings Report? (finance.yahoo.com)
- Validea David Dreman Strategy Daily Upgrade Report – 3/9/2018 – Nasdaq (nasdaq.com)
Shares of Buckeye Partners (NYSE BPL) traded down $0.63 during trading on Wednesday, hitting $44.94. The stock had a trading volume of 85,315 shares, compared to its average volume of 801,175. The firm has a market capitalization of $6,666.31, a PE ratio of 13.63 and a beta of 1.14. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 0.96. Buckeye Partners has a 1-year low of $42.96 and a 1-year high of $69.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were given a dividend of $1.2625 per share. This is a boost from Buckeye Partners’s previous quarterly dividend of $1.24. The ex-dividend date was Friday, February 16th. This represents a $5.05 dividend on an annualized basis and a yield of 11.24%. Buckeye Partners’s dividend payout ratio (DPR) is presently 151.20%.
BPL has been the subject of several research reports. Bank of America reduced their price objective on Buckeye Partners from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, March 6th. Mizuho set a $55.00 price objective on Buckeye Partners and gave the stock a “hold” rating in a research note on Friday, February 9th. Barclays reduced their price objective on Buckeye Partners from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Credit Suisse Group initiated coverage on Buckeye Partners in a research note on Thursday, January 4th. They set an “underperform” rating for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $50.00 price objective (down from $56.00) on shares of Buckeye Partners in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.67.
In related news, SVP Joseph Sauger sold 11,013 shares of Buckeye Partners stock in a transaction on Friday, March 9th. The stock was sold at an average price of $43.92, for a total transaction of $483,690.96. Following the completion of the sale, the senior vice president now owns 27,416 shares of the company’s stock, valued at $1,204,110.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pieter Bakker sold 2,000 shares of Buckeye Partners stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $46.05, for a total value of $92,100.00. Following the sale, the director now directly owns 19,552 shares of the company’s stock, valued at approximately $900,369.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,361 shares of company stock valued at $592,488. Insiders own 0.42% of the company’s stock.
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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