Buckeye Partners, L.P. (NYSE:BPL) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.75.
BPL has been the subject of several research analyst reports. ValuEngine lowered Buckeye Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Argus restated a “sell” rating on shares of Buckeye Partners in a research note on Monday, August 12th.
In other Buckeye Partners news, CFO Clair Keith St sold 5,000 shares of Buckeye Partners stock in a transaction on Friday, September 13th. The stock was sold at an average price of $41.17, for a total value of $205,850.00. Following the completion of the transaction, the chief financial officer now owns 134,715 shares in the company, valued at approximately $5,546,216.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.
Buckeye Partners stock remained flat at $$41.46 during mid-day trading on Friday. The firm has a market cap of $6.38 billion, a PE ratio of 23.16 and a beta of 0.70. The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $41.45 and a 200 day simple moving average of $41.21. Buckeye Partners has a 12 month low of $25.71 and a 12 month high of $42.65.
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.
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