Analysts See $0.70 EPS for Buckeye Partners, L.P. (BPL)

July 12, 2018 - By Jeanette Kaplan

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment increased to 0.79 in 2018 Q1. Its up 0.22, from 0.57 in 2017Q4. It improved, as 56 investors sold Buckeye Partners, L.P. shares while 70 reduced holdings. 24 funds opened positions while 76 raised stakes. 99.68 million shares or 1.01% more from 98.68 million shares in 2017Q4 were reported.
Heritage Investors Management reported 6,230 shares. Citadel Limited Liability Company invested in 182,404 shares or 0% of the stock. Hsbc Holdg Public Ltd Company has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Valley National Advisers holds 0.04% or 2,607 shares in its portfolio. 855,606 are owned by Commonwealth Of Pennsylvania Pub School Empls Retrmt System. Freestone Cap Holding Lc accumulated 13,621 shares or 0.03% of the stock. Winslow Evans And Crocker Inc has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Moors Cabot reported 32,504 shares or 0.16% of all its holdings. Cadence Management Ltd has invested 0.47% in Buckeye Partners, L.P. (NYSE:BPL). Lpl Fincl reported 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Blackrock reported 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Homrich & Berg holds 0.01% or 5,704 shares in its portfolio. Commerce Comml Bank has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Destination Wealth has 129 shares. Moreover, Starr International has 0.5% invested in Buckeye Partners, L.P. (NYSE:BPL) for 130,000 shares.

Since March 9, 2018, it had 1 buying transaction, and 2 selling transactions for $874,624 activity. 11,300 shares were sold by RUSSO TODD J, worth $429,380. Sauger Joseph sold 11,013 shares worth $483,707.

Analysts expect Buckeye Partners, L.P. (NYSE:BPL) to report $0.70 EPS on August, 3.They anticipate $0.10 EPS change or 12.50 % from last quarter’s $0.8 EPS. BPL’s profit would be $107.22 million giving it 12.58 P/E if the $0.70 EPS is correct. After having $0.74 EPS previously, Buckeye Partners, L.P.’s analysts see -5.41 % EPS growth. The stock increased 1.62% or $0.56 during the last trading session, reaching $35.21. About 114,830 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 45.65% since July 12, 2017 and is downtrending. It has underperformed by 58.22% the S&P500.

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

Among 12 analysts covering Buckeye Partners LP (NYSE:BPL), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Buckeye Partners LP had 19 analyst reports since February 9, 2018 according to SRatingsIntel. Bank of America maintained the shares of BPL in report on Tuesday, March 6 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, April 11 by Mizuho. The rating was downgraded by Citigroup on Monday, May 7 to “Hold”. The firm earned “Hold” rating on Tuesday, June 12 by UBS. SunTrust maintained it with “Hold” rating and $4400 target in Sunday, April 22 report. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by UBS on Friday, March 2. The rating was maintained by Mizuho with “Hold” on Friday, February 9. Barclays Capital maintained it with “Equal-Weight” rating and $55 target in Monday, February 12 report. Barclays Capital maintained the shares of BPL in report on Wednesday, July 11 with “Equal-Weight” rating. The company was maintained on Thursday, April 5 by Barclays Capital.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $5.39 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 11.08 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.

More news for Buckeye Partners, L.P. (NYSE:BPL) were recently published by: Globenewswire.com, which released: “Buckeye Partners, LP to Release Earnings and Hold Conference Call for 2018 Second Quarter Financial Results” on July 06, 2018. Fool.com‘s article titled: “2 High-Yield Energy Stocks That Are Dirt-Cheap” and published on June 30, 2018 is yet another important article.

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

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