Media headlines about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Buckeye Partners earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.4126536031354 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Buckeye Partners (NYSE BPL) traded down $0.39 during trading on Wednesday, hitting $47.69. The company had a trading volume of 940,227 shares, compared to its average volume of 596,530. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.10. The firm has a market capitalization of $7,179.69, a price-to-earnings ratio of 14.97 and a beta of 1.11. Buckeye Partners has a one year low of $43.90 and a one year high of $73.01.

Buckeye Partners (NYSE:BPL) last posted its quarterly earnings data on Friday, November 3rd. The pipeline company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.05). The company had revenue of $922.60 million during the quarter, compared to analyst estimates of $795.12 million. Buckeye Partners had a return on equity of 9.72% and a net margin of 12.69%. Buckeye Partners’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. analysts predict that Buckeye Partners will post 3.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 13th were paid a $1.2625 dividend. This is a positive change 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 10.59%. The ex-dividend date of this dividend was Friday, November 10th. Buckeye Partners’s payout ratio is currently 154.43%.

Several research firms recently weighed in on BPL. Zacks Investment Research lowered Buckeye Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup reduced their price objective on Buckeye Partners from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Barclays reduced their price objective on Buckeye Partners from $64.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, November 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Buckeye Partners in a research note on Sunday, September 10th. Finally, Wells Fargo & Company cut their price target on Buckeye Partners from $66.00 to $61.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 10th. Two equities 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 stock currently has an average rating of “Hold” and a consensus target price of $64.91.

In other Buckeye Partners news, SVP Joseph Sauger sold 5,481 shares of Buckeye Partners stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $47.04, for a total value of $257,826.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by insiders.

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About Buckeye Partners

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.

Insider Buying and Selling by Quarter for Buckeye Partners (NYSE:BPL)

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