Buckeye Partners, L.P. (NYSE:BPL) – Stock analysts at US Capital Advisors lifted their Q3 2017 EPS estimates for shares of Buckeye Partners, L.P. in a report issued on Friday. US Capital Advisors analyst J. Carreker now expects that the brokerage will post earnings of $1.08 per share for the quarter, up from their prior estimate of $1.05. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Buckeye Partners, L.P.’s Q4 2017 earnings at $1.04 EPS and FY2017 earnings at $4.12 EPS.

Several other equities analysts also recently commented on the stock. Mizuho dropped their price objective on shares of Buckeye Partners, L.P. from $76.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 7th. Stifel Nicolaus dropped their price objective on shares of Buckeye Partners, L.P. from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Credit Suisse Group AG began coverage on shares of Buckeye Partners, L.P. in a research note on Wednesday, October 12th. They set a “neutral” rating and a $78.00 price target for the company. Goldman Sachs Group Inc. raised shares of Buckeye Partners, L.P. from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, September 19th. Finally, Zacks Investment Research raised shares of Buckeye Partners, L.P. from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $73.10.

Earnings History and Estimates for Buckeye Partners, L.P. (NYSE:BPL)

Buckeye Partners, L.P. (NYSE:BPL) opened at 65.36 on Monday. Buckeye Partners, L.P. has a one year low of $47.07 and a one year high of $75.10. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 15.21 and a beta of 0.95. The stock has a 50 day moving average of $67.07 and a 200 day moving average of $70.01.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 15th will be given a dividend of $1.225 per share. The ex-dividend date is Thursday, November 10th. This is a boost from Buckeye Partners, L.P.’s previous quarterly dividend of $1.21. This represents a $4.90 annualized dividend and a dividend yield of 7.50%.

Several large investors have recently bought and sold shares of the company. FineMark National Bank & Trust boosted its position in shares of Buckeye Partners, L.P. by 255.5% in the second quarter. FineMark National Bank & Trust now owns 1,422 shares of the company’s stock worth $100,000 after buying an additional 1,022 shares in the last quarter. Cypress Capital Management LLC WY raised its position in Buckeye Partners, L.P. by 25.0% in the third quarter. Cypress Capital Management LLC WY now owns 1,500 shares of the company’s stock worth $107,000 after buying an additional 300 shares during the last quarter. Penserra Capital Management LLC raised its position in Buckeye Partners, L.P. by 149.4% in the third quarter. Penserra Capital Management LLC now owns 1,544 shares of the company’s stock worth $110,000 after buying an additional 925 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Buckeye Partners, L.P. during the second quarter worth $116,000. Finally, Kings Point Capital Management raised its position in Buckeye Partners, L.P. by 205.6% in the third quarter. Kings Point Capital Management now owns 2,081 shares of the company’s stock worth $149,000 after buying an additional 1,400 shares during the last quarter.

About Buckeye Partners, L.P.

Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services.

5 Day Chart for NYSE:BPL

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