The Buckeye Partners, L.P. (NYSE:BPL) is going up by 0.13% in today’s trading session, a rise equivalent to 0.05% of the stock’s price from yesterday’s market close. A news came out 6 hours ago stating that Buckeye Bahamas Hub Partially Restarts Operations by WSJ. The lowest point that the shares touched during the trading session was $41.11, while the peak of the day was recorded at a share price of $41.20. BPL finished the previous session at $41.17 according to the data provided by Barchart, while the trading volume was observed to be $1,182,241.
In the 100 days of trading, BPL managed to top a 40.07% Moving average. Additionally, Buckeye Partners, L.P. shares have achieved a 52-week range between 25.71 and 42.65 alongside 100 days raw stochastic set at 86.21%.
The number of shares outstanding, according to the fundamentals of the company, is set at 153.73M, equal to the value of $6.33B in market capitalization. In the last 30 days, Buckeye Partners, L.P. shares went down by -0.08%, adding 41.28 to growth in value, on top of a +3.76% boost since 08/09/19.
Buckeye Partners, L.P. (NYSE:BPL) Analyst’s Estimates
Buckeye Partners, L.P. (BPL) could record at least $0.67 per share in quarterly earnings in the upcoming report on 11/01/2019, a number that would actually represent an increase of 15.58% YOY.
According to the average analyst rating, Buckeye Partners, L.P. would be rated as Hold. Out of 8 different analysts monitoring BPL stock, 0 analysts rate the stock as a BUY, 7 suggest to give the rating of HOLD, 0 indicate that BPL is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Mar-12-19, the stock earned a Initiated rating due to a new analyst call from Mizuho, while analysts from UBS believe that the stock is set at Buy from Neutral, as concluded on Mar-08-19. Barclays, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on Jan-16-19.
SunTrust, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Nov-02-18, giving the stock a Hold from the Sell rating.
BPL Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +16.07% has been attained, while the operating margin has been recorded at +14.05%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.64%. Beta value of the stock is recorded at 0.71. Additionally, Buckeye Partners, L.P. is recording price volatility of 0.24% for the period of the last seven days and 0.43% in the last 30 days.
Buckeye Partners, L.P. (NYSE:BPL) Technical Outlook
For the period of the last 50 days, Buckeye Partners, L.P. had its Raw Stochastic average set at 65.28% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 97.71%. Stochastic %K for Buckeye Partners, L.P., with the last 20 days included, was set at 93.79%, having Stochastic %D topping 90.53%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Buckeye Partners, L.P. stocks with recording 42.01% in metrics.
Buckeye Partners, L.P. Insider Watch:
As far as the position of shares issued by Buckeye Partners, L.P. (NYSE:BPL) for the period concluded at the market close of 09/10/19, 124 institutional investors increased their positions in BPL shares by 56,406,583, 148 decreased positions by 27,881,445 and 62 institutional investors decided to hold positions at 53,983,338. These numbers put the complete list of institutional holdings set at 138,271,366 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 62 institutional investments with 7,178,600 new shares in addition to having 47 institutional investors selling their positions in 3,688,130 shares.