Buckeye Partners LP (BPL) Getting Somewhat Positive Press Coverage, Report Shows

Marco Green
September 14, 2017

Accern also assigned news headlines about the pipeline company an impact score of 47.057316756336 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. The company has market cap of $325.54 million. With short interest at 2,761,593 and short average daily volume at 605,204, days to cover is 5.0 and the percentage of shorted shares is 0.02% as of August 15. About 2.19M shares traded. (NASDAQ:CPAH) has declined 12.94% since September 12, 2016 and is downtrending. It has outperformed by 20.71% the S&P500.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.21, from 1.18 in 2016Q3. It increased, as 41 investors sold CPRT shares while 111 reduced holdings. 33 funds opened positions while 71 raised stakes. Country Tru National Bank has 600 shares. Oppenheimer Asset Management Inc. acquired a new position in Buckeye Partners L.P.in the 1st quarter valued at $128,000. 411,805 were reported by Swiss Fincl Bank. Barnett And holds 10,770 shares.

Five Oaks Investment Corp.is a real estate investment trust. Cumberland Advsrs owns 240 shares for 0.01% of their portfolio. Tower Capital Ltd Llc (Trc) reported 299 shares or 0% of all its holdings. Assetmark Incorporated holds 0% of its portfolio in Wolverine World Wide, Inc. Citigroup reported 117,908 shares. Eagle Asset Management holds 1.11 million shares. Tower Limited Liability Company (Trc) holds 0% or 235 shares in its portfolio.

In other news, Director Barbara J. Duganier bought 1,000 shares of the business's stock in a transaction that occurred on Monday, August 14th. Equities research analysts predict that Buckeye Partners L.P. will post $3.56 EPS for the current year. Therefore 75% are positive. New Residential Investment Corp had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, December 21 by UBS. The stock has "Overweight" rating by Piper Jaffray on Friday, September 9. On Monday, August 7 the stock rating was maintained by RBC Capital Markets with "Hold". They now have a United States dollars 76 price target on the stock. Piper Jaffray maintained it with "Buy" rating and $1800 target in Monday, July 24 report. The stock has "Buy" rating by Goldman Sachs on Monday, September 19. Rhumbline Advisers reported 0% in Web.com Group Inc (NASDAQ:WEB). Zacks Investment Research downgraded Buckeye Partners L.P. from a hold rating to a sell rating in a research report on Tuesday, July 11th. Therefore 13% are positive. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Sunday, August 6 with "Buy" rating. On Tuesday, March 21 the stock rating was initiated by Suntrust Robinson with "Hold". The stock has "Equalweight" rating by Barclays Capital on Thursday, May 12. This is a increase from Buckeye Partners L.P.'s prior periodic dividend of $1.24. The rating was initiated by Mizuho on Friday, September 30 with "Neutral". Buckeye Partners L.P. The stock's 50 day moving average price is $58.72 and its 200 day moving average price is $64.23. As per Monday, February 13, the company rating was maintained by Mizuho. On Wednesday, February 10 the stock rating was maintained by JP Morgan with "Neutral". The stock's market capitalization is 7.97B. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Nasdaq.com and their article: "Buckeye Partners (BPL) Down 8.3% Since Earnings Report: Can It Rebound?" published on September 06, 2017 as well as Reuters.com's news article titled: "Buckeye aims to resume operations at Bahamas Borco terminal after Irma" with publication date: September 12, 2017.

Financial Partners Capital Management Llc increased its stake in Bp P.L.C. Adr (BP) by 70.74% based on its latest 2016Q4 regulatory filing with the SEC. Investors of record on Monday, August 14th were given a $1.2625 dividend. Its down 0.46, from 1.52 in 2016Q3. It worsened, as 37 investors sold Buckeye Partners, L.P. shares while 87 reduced holdings. 30 funds opened positions while 101 raised stakes. Carnegie Capital Asset Mngmt Ltd Com stated it has 43,130 shares. Burke Herbert Fincl Bank Co has 0.2% invested in Buckeye Partners, L.P. (NYSE:BPL). The Virginia-based Burney has invested 0.02% in Buckeye Partners, L.P. (NYSE:BPL). Girard Prns invested in 0.06% or 3,315 shares. Cambridge Rech Advisors accumulated 0.02% or 14,398 shares. Advisory Research holds 3.17% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 3.22 million shares. It also upped Caterpillar Inc (NYSE:CAT) stake by 6,077 shares and now owns 7,204 shares. State Street holds 18,563 shares. Manchester Mgmt accumulated 0% or 338 shares.

Buckeye Partners, L.P. 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. Insight Capital Research Management Inc, California-based fund reported 29,070 shares. Aperio Gru Lc invested in 0% or 15,356 shares.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $219,760 activity.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Other reports by Click Lancashire

Discuss This Article