Press coverage about Buckeye Partners (NYSE:BPL) has trended somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Buckeye Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 47.7255918420617 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Pipeline fight moves to federal agency (cpbj.com)
- Buckeye Partners pipeline fight moves to federal agency (mcall.com)
- Buckeye Partners cut to Neutral from Buy at UBS (seekingalpha.com)
- Buckeye Partners (BPL) Rating Lowered to Neutral at UBS Group (americanbankingnews.com)
- Comparing Buckeye Partners (BPL) & Energy Transfer Partners (ETP) (americanbankingnews.com)
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Buckeye Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $50.00 target price (down from $56.00) on shares of Buckeye Partners in a research report on Tuesday, March 13th. Deutsche Bank initiated coverage on shares of Buckeye Partners in a research note on Thursday, April 19th. They set a “hold” rating and a $44.00 price target for the company. Mizuho reiterated a “hold” rating and set a $45.00 price target on shares of Buckeye Partners in a research note on Wednesday, April 11th. Finally, SunTrust Banks reiterated a “hold” rating and set a $44.00 price target on shares of Buckeye Partners in a research note on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.00.
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 Thomson Reuters’ consensus estimate of $0.77 by ($0.03). Buckeye Partners had a net margin of 12.11% and a return on equity of 9.58%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $919.90 million. During the same quarter last year, the business posted $0.88 earnings per share. The business’s revenue was up 22.8% compared to the same quarter last year. equities research analysts expect that Buckeye Partners will post 3.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 21st. Shareholders of record on Monday, May 14th were issued a dividend of $1.2625 per share. This is an increase from Buckeye Partners’s previous quarterly dividend of $1.24. This represents a $5.05 annualized dividend and a yield of 13.86%. The ex-dividend date of this dividend was Friday, May 11th. Buckeye Partners’s dividend payout ratio (DPR) is 152.11%.
In other news, 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 transaction of $429,400.00. Following the completion of the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $506,692. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark C. Mckinley purchased 1,000 shares of the stock in a transaction dated Friday, March 23rd. The shares were purchased at an average price of $38.46 per share, with a total value of $38,460.00. Following the completion of the acquisition, the director now owns 26,000 shares of the company’s stock, valued at $999,960. The disclosure for this purchase can be found here. 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.
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