Press coverage about Buckeye Partners (NYSE:BPL) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Buckeye Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.5886292047119 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s rankings:
- Investors are Unsure How to React (Brief Analysis) – Buckeye Partners, (NYSE: BPL) – Stock Watch (stocksnewstimes.com)
- Trafigura Leads The U.S. Oil Export Boom (finance.yahoo.com)
- 3 Dividend Stocks That Are Too Unsafe – Madison.com (host.madison.com)
- Where to look at buying opportunities on Buckeye Partners, LP (BPL) – Wall Street Morning (wallstreetmorning.com)
- 4 Reasons to Be Hopeful for a Buckeye Partners, LP Stock Turnaround – Fox Business (foxbusiness.com)
Shares of Buckeye Partners stock traded down $0.99 on Thursday, reaching $39.51. The company’s stock had a trading volume of 261,746 shares, compared to its average volume of 862,213. The firm has a market cap of $5,908.14, a P/E ratio of 11.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.96 and a quick ratio of 0.52. Buckeye Partners has a 12 month low of $39.29 and a 12 month high of $69.95.
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 $1.2625 dividend. This represents a $5.05 dividend on an annualized basis and a yield of 12.78%. This is a positive change from Buckeye Partners’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Friday, February 16th. Buckeye Partners’s dividend payout ratio (DPR) is 151.20%.
Several analysts recently commented on BPL shares. Credit Suisse Group began coverage on Buckeye Partners in a report on Thursday, January 4th. They issued an “underperform” rating for the company. Zacks Investment Research raised Buckeye Partners from a “strong sell” rating to a “hold” rating in a report on Monday, February 5th. Bank of America assumed coverage on Buckeye Partners in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Barclays boosted their price objective on Buckeye Partners from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus set a $56.00 target price on Buckeye Partners and gave the company a “buy” rating in a research note on Sunday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $58.83.
In related news, SVP Joseph Sauger sold 11,013 shares of Buckeye Partners stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $43.92, for a total value of $483,690.96. Following the completion of the sale, the senior vice president now owns 27,416 shares in the company, valued at approximately $1,204,110.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pieter Bakker sold 2,000 shares of the business’s 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 completion of the transaction, the director now owns 19,552 shares of the company’s stock, valued at approximately $900,369.60. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
Buckeye Partners Company Profile
Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, and various distillates; refined petroleum products; and crude oil.
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