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

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$33.17 +0.13 (+0.39 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$33.17
Today's Range$33.14 - $33.63
52-Week Range$25.71 - $47.70
Volume398,631 shs
Average Volume1.02 million shs
Market Capitalization$5.10 billion
P/E Ratio18.53
Dividend Yield9.08%
Beta1.08
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. 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 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 110 delivery locations; 115 active terminals that provide bulk storage and throughput services with aggregate storage capacity of 56 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 in the New York Harbor on the East Coast and Corpus Christi, Texas in the Gulf Coast region of the United States, as well as The Bahamas, Puerto Rico, and St. Lucia in the Caribbean, Northwest Europe, the Middle East, and Southeast Asia. This segment owns and operates 22 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. 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$7.5045 per share
Book Value$26.86 per share

Profitability

Net Income$-59,040,000.00

Miscellaneous

Employees1,600
Market Cap$5.10 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. Investors of record on Tuesday, February 19th will be paid a dividend of $0.75 per share on Tuesday, February 26th. This represents a $3.00 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend is Friday, February 15th. View Buckeye Partners' Dividend History.

How were Buckeye Partners' earnings last quarter?

Buckeye Partners, L.P. (NYSE:BPL) announced its quarterly earnings data on Friday, February, 8th. The pipeline company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.21. The pipeline company earned $1.07 billion during the quarter, compared to the consensus estimate of $958.86 million. Buckeye Partners had a negative net margin of 1.44% and a positive return on equity of 9.65%. The company's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $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?

14 brokers have issued 12 month price objectives for Buckeye Partners' stock. Their forecasts range from $30.00 to $72.00. On average, they expect Buckeye Partners' stock price to reach $41.0714 in the next year. This suggests a possible upside of 23.8% from the stock's current price. View Analyst Price Targets for Buckeye Partners.

What is the consensus analysts' recommendation for Buckeye Partners?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Buckeye Partners in the last year. There are currently 1 sell rating, 11 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. 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)
  • 2. According to Zacks Investment Research, "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. In the past six months, units of Buckeye Partners have outperformed its industry. However, 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." (2/12/2019)

Has Buckeye Partners been receiving favorable news coverage?

Press coverage about BPL stock has been trending negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Buckeye Partners earned a news impact score of -2.1 on InfoTrie's scale. They also gave media coverage about the pipeline company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Who are some of Buckeye Partners' key competitors?

What other stocks do shareholders of Buckeye Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Buckeye Partners investors own include AT&T (T), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Kinder Morgan (KMI), General Electric (GE), Verizon Communications (VZ), Exxon Mobil (XOM), Omega Healthcare Investors (OHI), Wells Fargo & Co (WFC) and Apache (APA).

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 variety of of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (9.89%), Tortoise Capital Advisors L.L.C. (7.67%), Kayne Anderson Capital Advisors LP (6.74%), Chickasaw Capital Management LLC (4.03%), Harvest Fund Advisors LLC (3.79%) and Bank of Montreal Can (1.46%). 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 institutional investors are selling Buckeye Partners stock?

BPL stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Kayne Anderson Capital Advisors LP, CIBC Private Wealth Group LLC, Tortoise Capital Advisors L.L.C., SG Americas Securities LLC, Creative Planning, Virtus ETF Advisers LLC and Infrastructure Capital Advisors LLC. Company insiders that have sold Buckeye Partners company stock in the last year include Joseph Sauger, Pieter Bakker and Todd J Russo. View Insider Buying and Selling for Buckeye Partners.

Which institutional investors are buying Buckeye Partners stock?

BPL stock was purchased by a variety of institutional investors in the last quarter, including Harvest Fund Advisors LLC, Alps Advisors Inc., Bank of Montreal Can, Hsbc Holdings PLC, Municipal Employees Retirement System of Michigan, Perella Weinberg Partners Capital Management LP, Cohen & Steers Inc. and State of New Jersey Common Pension Fund D. 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 $33.17.

How big of a company is Buckeye Partners?

Buckeye Partners has a market capitalization of $5.10 billion and generates $4.11 billion in revenue each year. The pipeline company earns $-59,040,000.00 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:  301 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  741
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 2/23/2019 by MarketBeat.com Staff

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