Buckeye Partners, L.P. (BPL) Analysts See $0.77 EPS

April 21, 2018 - By Marguerite Chambers

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment decreased to 0.57 in 2017 Q4. Its down 0.43, from 1 in 2017Q3. It dropped, as 48 investors sold Buckeye Partners, L.P. shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported.
Oakworth Capital stated it has 0.02% in Buckeye Partners, L.P. (NYSE:BPL). 143,254 are held by United Capital Fincl Advisers Llc. Adirondack reported 1,275 shares stake. Cetera Advisor Lc owns 4,741 shares or 0.01% of their US portfolio. California Pub Employees Retirement System accumulated 298,486 shares. Cv Starr & Trust has invested 3.91% in Buckeye Partners, L.P. (NYSE:BPL). Utd Asset Strategies invested 0.15% in Buckeye Partners, L.P. (NYSE:BPL). Ls Investment Advsrs Ltd Liability stated it has 500 shares or 0% of all its holdings. Whitnell And Communications holds 3,000 shares. Cushing Asset Limited Partnership accumulated 33,986 shares. Conning Inc owns 77,858 shares. Bridges owns 0.15% invested in Buckeye Partners, L.P. (NYSE:BPL) for 37,617 shares. Kansas-based Samson Cap Mgmt Llc has invested 2.5% in Buckeye Partners, L.P. (NYSE:BPL). First Foundation Advisors holds 15,000 shares or 0.04% of its portfolio. Amer Assets Inv Management Ltd Liability Corp has 11,000 shares.

Since March 9, 2018, it had 1 buying transaction, and 1 sale for $445,244 activity. 1,000 shares were bought by McKinley Mark C., worth $38,463 on Friday, March 23.

Analysts expect Buckeye Partners, L.P. (NYSE:BPL) to report $0.77 EPS on May, 4 before the open.They anticipate $0.11 EPS change or 12.50 % from last quarter’s $0.88 EPS. BPL’s profit would be $117.93M giving it 13.02 P/E if the $0.77 EPS is correct. After having $0.85 EPS previously, Buckeye Partners, L.P.’s analysts see -9.41 % EPS growth. The stock decreased 0.69% or $0.28 during the last trading session, reaching $40.11. About 734,520 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since April 21, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage

Among 14 analysts covering Buckeye Partners LP (NYSE:BPL), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Buckeye Partners LP had 20 analyst reports since November 3, 2017 according to SRatingsIntel. On Monday, February 12 the stock rating was maintained by Guggenheim with “Hold”. The firm earned “Hold” rating on Sunday, November 5 by Mizuho. Barclays Capital maintained it with “Equal-Weight” rating and $55 target in Monday, February 12 report. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, February 14 report. SunTrust maintained Buckeye Partners, L.P. (NYSE:BPL) on Friday, November 3 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, February 11. JP Morgan maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Tuesday, March 13. JP Morgan has “Neutral” rating and $50 target. The company was maintained on Wednesday, April 11 by Mizuho. The company was downgraded on Friday, March 23 by Morgan Stanley. The firm has “Buy” rating by UBS given on Friday, March 2.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $6.14 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 12.08 P/E ratio. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, and kerosene; refined petroleum products, such as propane and butane, refinery feedstock, and blending components; and crude oil.

Buckeye Partners, L.P. (NYSE:BPL) Institutional Positions Chart

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