NYSE:BPL - Buckeye Partners Stock Price, News, & Analysis

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$33.64 +0.02 (+0.06 %)
(As of 04/24/2019 02:09 PM ET)
Previous Close$33.62
Today's Range$33.62 - $34.04
52-Week Range$25.71 - $42.68
Volume11,066 shs
Average Volume907,385 shs
Market Capitalization$5.18 billion
P/E Ratio18.91
Dividend Yield8.93%
Beta1.11
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. This segment also provides crude oil services, including train loading/unloading, storage, and throughput; and turn-key operations and maintenance, asset development, and construction services for third-party pipeline, terminal, and energy assets, as well as operates and/or maintains third-party pipelines. It owns and operates approximately 6,000 miles of pipeline located primarily in the northeastern and upper midwestern portions of the United States, and services 100 delivery locations; 110 active terminals that provide bulk storage and throughput services with aggregate storage capacity of 55 million barrels; and 2 underground propane storage caverns. The Global Marine Terminals segment provides marine accessible bulk storage and blending, rail and truck rack loading/unloading, and petroleum processing services located primarily in the East Coast and Gulf Coast regions of the United States, as well as in the Caribbean. This segment owns and operates seven liquid petroleum products and crude oil terminals. The Merchant Services segment is involved in the wholesale distribution of refined petroleum products, including gasoline, natural gas liquids, propane, ethanol, and biodiesel, as well as petroleum distillates, such as heating oil, diesel fuel, kerosene, and fuel oil. This segment also provides fuel oil supply, butane, and distribution services. Buckeye GP LLC serves as the general partner of the company. Buckeye Partners, L.P. was founded in 1886 and is based in Houston, Texas.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone832-615-8600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.11 billion
Cash Flow$7.5766 per share
Book Value$28.11 per share

Profitability

Net Income$-59,030,000.00

Miscellaneous

Employees1,600
Market Cap$5.18 billion
Next Earnings Date5/3/2019 (Estimated)
OptionableOptionable

Buckeye Partners (NYSE:BPL) Frequently Asked Questions

What is Buckeye Partners' stock symbol?

Buckeye Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "BPL."

How often does Buckeye Partners pay dividends? What is the dividend yield for Buckeye Partners?

Buckeye Partners announced a quarterly dividend on Friday, February 8th. Shareholders of record on Tuesday, February 19th will be given a dividend of $0.75 per share on Tuesday, February 26th. This represents a $3.00 annualized dividend and a yield of 8.90%. The ex-dividend date is Friday, February 15th. View Buckeye Partners' Dividend History.

How were Buckeye Partners' earnings last quarter?

Buckeye Partners, L.P. (NYSE:BPL) issued its earnings results on Friday, February, 8th. The pipeline company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.21. The pipeline company earned $1.07 billion during the quarter, compared to analyst estimates of $958.86 million. Buckeye Partners had a negative net margin of 1.44% and a positive return on equity of 9.65%. Buckeye Partners's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. View Buckeye Partners' Earnings History.

When is Buckeye Partners' next earnings date?

Buckeye Partners is scheduled to release their next quarterly earnings announcement on Friday, May 3rd 2019. View Earnings Estimates for Buckeye Partners.

What price target have analysts set for BPL?

13 brokerages have issued 1-year target prices for Buckeye Partners' stock. Their forecasts range from $30.00 to $72.00. On average, they expect Buckeye Partners' share price to reach $38.4808 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price. View Analyst Price Targets for Buckeye Partners.

What is the consensus analysts' recommendation for Buckeye Partners?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Buckeye Partners in the last year. There are currently 1 sell rating, 10 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Buckeye Partners.

What are Wall Street analysts saying about Buckeye Partners stock?

Here are some recent quotes from research analysts about Buckeye Partners stock:
  • 1. According to Zacks Investment Research, "In the past 12 months, units of Buckeye Partners have underperformed its industry. Buckeye Partners’ dependence on limited group of customers for bulk of its storage revenues could adversely impact the partnership’s performance. Increasing competition, stringent regulations and rising challenges for segregated storage may largely impact its cash flows and financial position. However, Buckeye Partners has an attractive portfolio of refined petroleum-product transportation and storage assets in the key geographical markets. Its organic capital growth projects will drive the performance in the domestic as well as in the international arenas. The decision to sell non-core assets and focus on high-return domestic assets will boost the performance of the partnership." (4/24/2019)
  • 2. Barclays PLC analysts commented, "We think the uplift could translate to an incremental +7- 11% to our current 2020 EBITDA estimate and +9-15% to DCF. At BPL’s current 2020 EV/EBITDA multiple of 8.7x, this would imply up to +15% upside potential to its unit price. We note that our exercise only looks at potential benefit from incremental storage of HSFO. We have not included any uplift from other product dislocations (e.g. gasoline) nor does the analysis account for any significant increase in renegotiated short-term storage rates in the event of an improved forward structure. Investment thesis." (2/19/2019)

Has Buckeye Partners been receiving favorable news coverage?

News coverage about BPL stock has trended very positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Buckeye Partners earned a daily sentiment score of 3.3 on InfoTrie's scale. They also assigned news headlines about the pipeline company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.

Who are some of Buckeye Partners' key competitors?

What other stocks do shareholders of Buckeye Partners own?

Who are Buckeye Partners' key executives?

Buckeye Partners' management team includes the folowing people:
  • Mr. Clark C. Smith, Chairman, Pres & CEO of Buckeye GP LLC (Age 64)
  • Mr. Keith E. St. Clair, Exec. VP & CFO of Buckeye GP LLC (Age 62)
  • Mr. Khalid A. Muslih, Exec. VP & Pres of Global Marine Terminals - Buckeye GP LLC (Age 48)
  • Mr. Robert A. Malecky, Exec. VP and Pres of Domestic Pipelines & Terminals Bus. Unit - Buckeye GP LLC (Age 55)
  • Mr. William J. Hollis, Sr. VP & Pres of Buckeye Services - Buckeye GP LLC (Age 56)

Who are Buckeye Partners' major shareholders?

Buckeye Partners' stock is owned by a number of of retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (3.86%), Eagle Global Advisors LLC (0.42%), Conning Inc. (0.07%), Chicago Partners Investment Group LLC (0.05%), Virtu Financial LLC (0.02%) and Avalon Advisors LLC (0.00%). Company insiders that own Buckeye Partners stock include Barbara J Duganier, Joseph Sauger, Mark C Mckinley, Pieter Bakker, Robert A Malecky and Todd J Russo. View Institutional Ownership Trends for Buckeye Partners.

Which major investors are selling Buckeye Partners stock?

BPL stock was sold by a variety of institutional investors in the last quarter, including Huntington National Bank, Virtu Financial LLC and Chicago Partners Investment Group LLC. Company insiders that have sold Buckeye Partners company stock in the last year include Joseph Sauger and Todd J Russo. View Insider Buying and Selling for Buckeye Partners.

Which major investors are buying Buckeye Partners stock?

BPL stock was purchased by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, Conning Inc., Chickasaw Capital Management LLC, Avalon Advisors LLC, Pennsylvania Trust Co, Pennsylvania Trust Co, Old North State Trust LLC and Legacy Advisors LLC. Company insiders that have bought Buckeye Partners stock in the last two years include Barbara J Duganier and Mark C Mckinley. View Insider Buying and Selling for Buckeye Partners.

How do I buy shares of Buckeye Partners?

Shares of BPL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Buckeye Partners' stock price today?

One share of BPL stock can currently be purchased for approximately $33.71.

How big of a company is Buckeye Partners?

Buckeye Partners has a market capitalization of $5.19 billion and generates $4.11 billion in revenue each year. The pipeline company earns $-59,030,000.00 in net income (profit) each year or $1.79 on an earnings per share basis. Buckeye Partners employs 1,600 workers across the globe.

What is Buckeye Partners' official website?

The official website for Buckeye Partners is http://www.buckeye.com.

How can I contact Buckeye Partners?

Buckeye Partners' mailing address is One Greenway Plaza Suite 600, Houston TX, 77046. The pipeline company can be reached via phone at 832-615-8600 or via email at [email protected]


MarketBeat Community Rating for Buckeye Partners (NYSE BPL)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  309 (Vote Outperform)
Underperform Votes:  464 (Vote Underperform)
Total Votes:  773
MarketBeat's community ratings are surveys of what our community members think about Buckeye Partners and other stocks. Vote "Outperform" if you believe BPL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BPL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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