Buckeye Partners L.P. (BPL) : Zacks Investment Research ranks Buckeye Partners L.P. (BPL) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.69, which indicates as a Buy.
Buckeye Partners L.P. (BPL) : The most positive equity analysts on Buckeye Partners L.P. (BPL) expects the shares to touch $89, whereas, the least positive believes that the stock will trade at $78 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $81 with an expected fluctuation of $4.58 from the mean.
Also, Brokerage firm US Capital Advisors upgrades its rating on Buckeye Partners L.P. (NYSE:BPL). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on September 8, 2016.
Buckeye Partners L.P. (NYSE:BPL): After opening at $68.39, the stock dipped to an intraday low of $67.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.77 and the buying power remained strong till the end. The stock closed at $68.35 for the day, a gain of 0.07% for the day session. The total traded volume was 549,079. The stocks close on the previous trading day was $68.3.
Buckeye Partners, L.P. (Buckeye) owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates in four segments: Pipelines & Terminals; Global Marine Terminals; Merchant Services, and Development & Logistics. Buckeye GP LLC (Buckeye GP) is the Companys general partner. The Pipelines & Terminals segment owns and operates pipeline in the Northeastern and upper Midwestern portions of the United States. The Global Marine Terminals segment provides marine bulk storage, marine terminal throughput services, and other related services in the Caribbean and the United States. The Merchant Services segment distributes petroleum products in the United States and in the Caribbean. The Development & Logistics segment operates third-party pipelines.