Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Buckeye Partners (BPL) Share Price

News stories about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing 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 one, with scores closest to one being the most favorable. Buckeye Partners earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 47.8178173142367 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Buckeye Partners opened at $35.91 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.81, a current ratio of 1.17 and a debt-to-equity ratio of 0.90. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 10.82 and a beta of 1.18. Buckeye Partners has a twelve month low of $35.24 and a twelve month high of $66.11.

Buckeye Partners (NYSE:BPL) last posted its earnings results on Friday, May 4th. The pipeline company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $919.90 million. Buckeye Partners had a net margin of 12.11% and a return on equity of 9.58%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. sell-side analysts expect that Buckeye Partners will post 3.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 14th were given a dividend of $1.2625 per share. This represents a $5.05 dividend on an annualized basis and a dividend yield of 14.06%. The ex-dividend date was Friday, May 11th. This is an increase from Buckeye Partners’s previous quarterly dividend of $1.24. Buckeye Partners’s dividend payout ratio (DPR) is 152.11%.

Several equities research analysts recently weighed in on BPL shares. Citigroup decreased their price objective on Buckeye Partners from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. Stifel Nicolaus set a $56.00 price objective on Buckeye Partners and gave the stock a “buy” rating in a report on Sunday, February 11th. UBS reissued a “buy” rating and issued a $55.00 price objective (down previously from $64.00) on shares of Buckeye Partners in a report on Friday, March 2nd. Morgan Stanley lowered Buckeye Partners from an “overweight” rating to an “equal” rating and set a $44.00 price objective for the company. in a report on Friday, March 23rd. Finally, Barclays lifted their price objective on Buckeye Partners from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.38.

In other news, SVP Joseph Sauger sold 11,013 shares of Buckeye Partners stock in a transaction dated 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 in the company, valued at approximately $1,204,110.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Todd J. Russo sold 11,300 shares of Buckeye Partners stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $38.00, for a total value of $429,400.00. Following the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $506,692. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,313 shares of company stock valued at $1,005,191. Corporate insiders own 0.48% 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.

Insider Buying and Selling by Quarter for Buckeye Partners (NYSE:BPL)

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