Buckeye Partners (NYSE:BPL) had its price objective decreased by Barclays from $58.00 to $55.00 in a report issued on Monday morning. Barclays currently has an equal weight rating on the pipeline company’s stock.

BPL has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating and issued a $68.00 price objective on shares of Buckeye Partners in a report on Sunday, October 29th. Royal Bank of Canada decreased their price objective on shares of Buckeye Partners from $67.00 to $56.00 and set a sector perform rating for the company in a report on Wednesday, November 8th. TheStreet downgraded shares of Buckeye Partners from a b- rating to a c+ rating in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a hold rating and issued a $72.00 price objective on shares of Buckeye Partners in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Buckeye Partners from a hold rating to a sell rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $63.36.

Shares of Buckeye Partners (BPL) opened at $51.13 on Monday. The firm has a market cap of $7,326.54, a P/E ratio of 14.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.10. Buckeye Partners has a 1 year low of $43.90 and a 1 year high of $73.01.

Buckeye Partners (NYSE:BPL) last released its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The business had revenue of $946.05 million during the quarter, compared to analyst estimates of $905.02 million. Buckeye Partners had a return on equity of 10.09% and a net margin of 13.13%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. research analysts expect that Buckeye Partners will post 3.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be paid a dividend of $1.2625 per share. This is a boost from Buckeye Partners’s previous quarterly dividend of $1.24. This represents a $5.05 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend is Friday, February 16th. Buckeye Partners’s payout ratio is currently 151.20%.

In related news, SVP Joseph Sauger sold 5,481 shares of Buckeye Partners stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $47.04, for a total transaction of $257,826.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BPL. Hudock Capital Group LLC grew its holdings in Buckeye Partners by 1,564.7% during the third quarter. Hudock Capital Group LLC now owns 1,931 shares of the pipeline company’s stock worth $110,000 after acquiring an additional 1,815 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Buckeye Partners during the third quarter worth about $114,000. BNP Paribas Arbitrage SA grew its holdings in Buckeye Partners by 315.0% during the third quarter. BNP Paribas Arbitrage SA now owns 2,075 shares of the pipeline company’s stock worth $118,000 after acquiring an additional 1,575 shares during the period. IFG Advisory LLC acquired a new position in Buckeye Partners during the fourth quarter worth about $810,000. Finally, Advisory Services Network LLC grew its holdings in Buckeye Partners by 7.4% during the second quarter. Advisory Services Network LLC now owns 2,900 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 70.52% of the company’s stock.

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Buckeye Partners Company Profile

Buckeye Partners, L.P. (Buckeye) 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. Its segments include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services.

Analyst Recommendations for Buckeye Partners (NYSE:BPL)

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