Buckeye Partners L.P. stock performance trend indicates that the stock price has rallied 0.14% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -6.89% . Looking at the past 52 week period, the stock price is down -1.08% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Buckeye Partners L.P. has a negative value of -3.18 compared to overall market performance.Buckeye Partners, L.P. is having a Relative Strength Index of 43.82 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Buckeye Partners L.P. (NYSE:BPL) has tumbled 0.66% during the past week and has dropped 4.8% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.89%. Buckeye Partners L.P. (NYSE:BPL) has underperformed the index by 5.88% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Buckeye Partners L.P. (NYSE:BPL) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.79 points or 1.17% at $66.67 with 1,274,747 shares getting traded. Post opening the session at $67.46, the shares hit an intraday low of $66.53 and an intraday high of $67.71 and the price was in this range throughout the day. The company has a market cap of $9,365 million and the number of outstanding shares has been calculated to be 140,462,350 shares. The 52-week high of Buckeye Partners L.P. (NYSE:BPL) is $75.1 and the 52-week low is $61.37.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Downgraded by Stifel on Feb 13, 2017 to Hold, Raises Price Target to $ 74 from a previous price target of $73 .Company shares were Reiterated by Mizuho on Feb 13, 2017 to Neutral, Raises Price Target to $ 73 from a previous price target of $70 .Buckeye Partners L.P. was Resumed by Barclays on Jan 17, 2017 to Equal Weight, Price Target of the shares are set at $72.
Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Clair Keith St (EVP and CFO) sold 3,500 shares at 65.10 per share price.On Dec 19, 2016, Joseph Sauger (SVP, Eng. and Compliance Svcs) sold 1,062 shares at 64.84 per share price.On Dec 8, 2016, Larry C Payne (director) purchased 1,000 shares at 62.95 per share price.
Buckeye Partners L.P. Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.23. Analyst had a consensus of $1.01. The company had revenue of $924.10 million for the quarter, compared to analysts expectations of $860.16 million. The companys revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Buckeye Partners, L.P. conducts all its operations through subsidiary entities including Buckeye Pipe Line Company, L.P., Laurel Pipe Line Company, L.P., Everglades Pipe Line Company, L.P. and Buckeye Tank Terminals Company, L.P. The company receives petroleum products from refineries, connecting pipelines and marine terminals, and transports those products to other locations. Buckeye Partners also provides bulk storage services through leased facilities.