Is Buckeye Partners, L.P. (BPL)’s Fuel Running Low? The Stock Reaches 52 Week Low Today

March 15, 2018 - By Stephen Andrade

Investors sentiment increased to 1 in 2017 Q3. Its up 0.03, from 0.97 in 2017Q2. It increased, as 39 investors sold Buckeye Partners, L.P. shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported.
Cohen & Steers accumulated 260,092 shares. Cambridge Inv Advisors holds 0.01% or 14,809 shares. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 227,200 shares. Credit Suisse Ag holds 71,197 shares or 0% of its portfolio. Cypress Capital Management Llc (Wy) holds 0.1% or 1,500 shares in its portfolio. Advisory Research Inc holds 3.04% or 3.36 million shares. Raymond James Service Inc holds 56,747 shares or 0.02% of its portfolio. 1,250 are held by Carroll Financial Assocs Incorporated. Peak6 Invs Limited Partnership reported 16,141 shares. Peapack Gladstone Financial Corporation has 0.1% invested in Buckeye Partners, L.P. (NYSE:BPL). Shanda Asset Mngmt Hldg Ltd reported 0.35% in Buckeye Partners, L.P. (NYSE:BPL). Miller Howard Investments New York owns 529,760 shares for 0.62% of their portfolio. Nuveen Asset Limited Company stated it has 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Community Bancshares Na, a New York-based fund reported 300 shares. Janney Montgomery Scott Ltd holds 88,133 shares.

Since March 9, 2018, it had 0 insider buys, and 1 insider sale for $483,707 activity.

The stock of Buckeye Partners, L.P. (NYSE:BPL) hit a new 52-week low and has $38.78 target or 7.00 % below today’s $41.70 share price. The 9 months bearish chart indicates high risk for the $6.13 billion company. The 1-year low was reported on Mar, 15 by If the $38.78 price target is reached, the company will be worth $428.89M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.84% or $3.06 during the last trading session, reaching $41.7. About 1.67M shares traded or 104.40% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since March 15, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on May, 4. They expect $0.81 earnings per share, down 7.95 % or $0.07 from last year’s $0.88 per share. BPL’s profit will be $119.01M for 12.87 P/E if the $0.81 EPS becomes a reality. After $0.85 actual earnings per share reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts -4.71 % negative EPS growth.

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

Among 17 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Buckeye Partners had 53 analyst reports since August 4, 2015 according to SRatingsIntel. DA Davidson upgraded it to “Buy” rating and $69 target in Monday, December 14 report. The firm has “Neutral” rating given on Monday, November 7 by Mizuho. The stock has “Neutral” rating by Goldman Sachs on Thursday, August 25. The firm earned “Hold” rating on Monday, February 13 by Stifel Nicolaus. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, October 10. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Neutral” rating by DA Davidson on Monday, November 16. The rating was maintained by Stifel Nicolaus on Wednesday, September 20 with “Buy”. Goldman Sachs upgraded the stock to “Buy” rating in Monday, September 19 report. The rating was maintained by RBC Capital Markets on Sunday, July 30 with “Hold”. As per Sunday, February 11, the company rating was maintained by Stifel Nicolaus.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: which released: “Why Is Buckeye (BPL) Down 12.3% Since Its Last Earnings Report?” on March 12, 2018, also with their article: “Buckeye Partners: Growing Towards Historical Coverages” published on February 18, 2018, published: “Why Is No One Talking About Buckeye Partners, LP Stock?” on February 26, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: and their article: “Buckeye Partners, LP’s 2017 Schedule K-1 Tax Packages Are Now Available” published on March 06, 2018 as well as‘s news article titled: “How a Midland boy’s journey led him to become CEO of a multibillion-dollar …” with publication date: February 16, 2018.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $6.13 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 12.56 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.

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