Wall Street await Buckeye Partners, L.P. (NYSE:BPL) to release earnings on February, 12 before the open. Analysts forecast earnings per share of $0.99, up exactly $0.17 or 20.73% from 2014’s $0.82 EPS. The expected BPL’s profit could reach $120.57M giving the stock 13.25 P/E in case $0.99 earnings per share is reported. After releasing $0.78 EPS for the previous quarter, Buckeye Partners, L.P.’s analysts now forecasts 26.92% EPS growth. The stock increased 1.78% or $0.92 during the last trading session, hitting $52.47. About 750,294 shares traded hands. Buckeye Partners, L.P. (NYSE:BPL) has declined 28.15% since July 8, 2015 and is downtrending. It has underperformed by 18.63% the S&P500.
Out of 10 analysts covering Buckeye Partners (NYSE:BPL), 6 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. $84.5 is the highest target while $58 is the lowest. The $72.35 average target is 38.36% above today’s ($52.47) stock price. Buckeye Partners was the topic in 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. DA Davidson upgraded the stock on December 14 to “Buy” rating.
The institutional sentiment increased to 1.01 in Q3 2015. Its up 0.02, from 0.99 in 2015Q2. The ratio is positive, as 52 funds sold all Buckeye Partners, L.P. shares owned while 86 reduced positions. 40 funds bought stakes while 99 increased positions. They now own 82.98 million shares or 3.42% more from 80.24 million shares in 2015Q2.
Limestone Value Partners Llc holds 10.49% of its portfolio in Buckeye Partners, L.P. for 144,900 shares. Tortoise Capital Advisors L.L.C. owns 12.48 million shares or 5.83% of their US portfolio. Moreover, Eagle Global Advisors Llc has 4.83% invested in the company for 2.46 million shares. The New York-based C.V. Starr & Co. Inc. Trust has invested 4.8% in the stock. Center Coast Capital Advisors Lp, a Texas-based fund reported 2.67 million shares.
Since May 13, 2015, the stock had 1 buying transaction, and 0 insider sales for $64,915 net activity. Esselman Mark S bought 1,000 shares worth $64,915. Sauger Joseph sold 2,508 shares worth $198,282. Pelton Patrick L sold 685 shares worth $55,334.
Buckeye Partners, L.P. 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 has a market cap of $6.39 billion. The Firm operates in four divisions: Pipelines & Terminals; Global Marine Terminals; Merchant Services, and Development & Logistics. It has 18.23 P/E ratio. Buckeye GP LLC (Buckeye GP) is the Company’s general partner.