Buckeye Partners LP (NYSE:BPL) Valuation According To Analysts

Buckeye Partners LP (NYSE:BPL) Valuation According To Analysts”

It has underperformed by 22.69% the S&P500. The legal version of this news story can be accessed at Stifel Nicolaus maintained the shares of BPL in report on Wednesday, October 26 with "Buy" rating. It turned negative, as 27 investors sold Buckeye Partners, L.P. shares while 100 reduced holdings.

Virtu Financial Llc increased Buckeye Partners LP (BPL) stake by 176.55% reported in 2017Q2 SEC filing.

About 4,521 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since October 17, 2016 and is downtrending. Therefore 31% are positive. Forterra had 13 analyst reports since November 14, 2016 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, October 5 with "Buy". Investors may use Price to Book to display how the market portrays the value of a stock. The stock was bought at an average price of $58.19 per share, with a total value of $58,190.00. The stock of Forterra Inc (NASDAQ:FRTA) earned "Overweight" rating by Barclays Capital on Monday, July 24. The firm has "Neutral" rating by Goldman Sachs given on Thursday, December 15. MCF Advisors LLC now owns 2,508 shares of the pipeline company's stock worth $160,000 after buying an additional 46 shares in the last quarter. The firm has "Market Perform" rating by Bernstein given on Tuesday, August 16.

Forterra, a manufacturer of pipe and precast products. The company has market cap of $902.23 million. As of the latest earnings report the EPS was $3.62 and is estimated to be $3.55 for the current year with 141,223,000 shares now outstanding.

Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. The Company's divisions include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations.

Since May 24, 2017, it had 0 insider purchases, and 1 insider sale for $219,760 activity. Btr Capital Mgmt Inc holds 0.07% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 5,500 shares.

Based on the latest notes released to investors, 5 analysts have issued a rating of "buy", 1 analysts "outperform", 8 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Therefore 53% are positive. Buckeye Partners had 37 analyst reports since August 4, 2015 according to SRatingsIntel. They now have a Dollars 74 price target on the stock. The firm has "Neutral" rating by Mizuho given on Friday, September 30. The company was initiated on Wednesday, October 12 by Credit Suisse. The company was maintained on Monday, September 11 by RBC Capital Markets. The Gross Margin Score of Buckeye Partners, L.P. (NYSE:BPL) is 8.00000. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, September 7. Alps Advisors Inc. now owns 10,257,328 shares of the pipeline company's stock worth $655,751,000 after purchasing an additional 352,443 shares in the last quarter. The value of the company's investment in Buckeye Partners L.P. decreased from $5,970,000 to $5,881,000 a change of 1.5% since the last quarter. They now have a Dollars 76 price target on the stock.

Investors sentiment decreased to 0.97 in Q2 2017. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by ($0.20). Equities analysts anticipate that Buckeye Partners L.P. will post $3.55 earnings per share for the current fiscal year. Cypress Cap Mngmt Limited Liability Company (Wy), a Wyoming-based fund reported 1,500 shares. It also reduced Direxion Shs Etf Tr (KORU) stake by 18,025 shares and now owns 4,885 shares. Following the acquisition, the director now owns 9,000 shares of the company's stock, valued at $523,710.

Van Cleef Asset Managementinc has invested 0.07% in Buckeye Partners, L.P. (NYSE:BPL). DA Davidson initiated Buckeye Partners, L.P. (NYSE:BPL) rating on Monday, November 16. Glenmede Communication Na holds 0% or 14,600 shares in its portfolio. Moreover, Ironwood Investment Management Llc has 0.96% invested in the company for 27,350 shares. 33,975 are held by Boyer And Corporon Wealth Management Ltd Co.

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on October, 23. Botty Invsts Limited, Illinois-based fund reported 14,976 shares. Ubs Asset Americas invested in 0% or 1,000 shares. Starr Intll holds 130,000 shares or 0.73% of its portfolio. Comerica Bank now owns 4,207 shares of the pipeline company's stock valued at $267,000 after buying an additional 117 shares during the period.

Watching some historical volatility numbers on shares of Buckeye Partners, L.P. (NYSE:BPL), we can see that the 12 month volatility is presently 19.901200.

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