Published: Thu, February 15, 2018
Business | By Tara Barton

Buckeye Partners (BPL) Price Target Lowered to $55.00 at Barclays


The stock decreased 0.81% or $10.9 during the last trading session, reaching $1339.6. The pipeline company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.88 by ($0.03). More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Nasdaq.com and their article: "Buckeye Partners' (BPL) Earnings Lag, Revenues Beat in Q4" published on February 12, 2018 as well as Bizjournals.com's news article titled: "Houston pipeline co. expands Permian Basin project" with publication date: January 23, 2018. It has outperformed by 90.65% the S&P500.

Chickasaw Capital Management Llc increased Buckeye Partners Lp (BPL) stake by 2.9% reported in 2017Q3 SEC filing. Center Coast Capital Advisors Lp acquired 414,445 shares as Buckeye Partners Lp (BPL)'s stock declined 5.01%. The institutional investor held 1,297 shares of the consumer services company at the end of 2017Q3, valued at $1.25M, up from 554 at the end of the previous reported quarter. TheStreet cut shares of Buckeye Partners from a "b-" rating to a "c+" rating in a report on Wednesday, October 25th.

The stock decreased 1.11% or $0.24 during the last trading session, reaching $21.44. About 1.60M shares traded or 88.73% up from the average. The stock of Buckeye Partners, L.P. (NYSE:BPL) has "Hold" rating given on Sunday, November 5 by Mizuho. It has underperformed by 22.69% the S&P500. Therefore 94% are positive. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, March 2. The rating was maintained by RBC Capital Markets on Friday, August 11 with "Buy". Wedbush maintained the shares of BBBY in report on Thursday, April 6 with "Neutral" rating. The stock has "Buy" rating by DA Davidson on Monday, December 14. Its up 0.03, from 0.97 in 2017Q2. It dived, as 42 investors sold THO shares while 139 reduced holdings. Texan reported 25,585 shares stake. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,000 shares of the pipeline company's stock worth $285,000 after buying an additional 1,000 shares in the last quarter. Fmr Lc owns 0% invested in Thor Industries, Inc. Capital holds 2.12 million shares.

Elizabeth Park Capital Advisors Ltd. holds 2.11% of its portfolio in Macatawa Bank Corporation for 530,454 shares. Spectrum Mngmt Group Inc reported 5,828 shares. 642,098 are owned by Asset Mngmt One Ltd. Pinebridge Invs LP accumulated 98,836 shares. Norris Perne & French Llp Mi, a Michigan-based fund reported 18,990 shares. Pinnacle Assoc holds 146,182 shares or 0.17% of its portfolio. Virginia Retirement Systems Et Al invested 0.04% of its portfolio in Thor Industries, Inc. Its down 0.11, from 1.17 in 2017Q2. Community Bancshares Na invested in 38 shares or 0% of the stock. (NASDAQ:TMUS) for 3,508 shares. Plante Moran Financial Advsrs Limited Liability holds 0.03% or 765 shares. Cohen Capital Management Inc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $7.33B market cap company. It also reduced Adobe Systems Inc Del (NASDAQ:ADBE) stake by 21,614 shares and now owns 105,171 shares. Hess Midstream Partners Lp was reduced too.

Investors sentiment increased to 1 in 2017 Q3. Westwood Gru invested in 97,410 shares. 29 funds opened positions while 103 raised stakes. Stanley reported 24,980 shares stake. During the same period in the prior year, the business earned $0.78 earnings per share. equities research analysts anticipate that Buckeye Partners, L.P. will post 3.54 earnings per share for the current year. Buckeye Partners L.P. has a 52 week low of $54.33 and a 52 week high of $73.01.

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They now have a $55 PT on Buckeye Partners (NYSE:BPL). Moisand Fitzgerald Tamayo LLC bought a new position in shares of Buckeye Partners during the third quarter worth approximately $114,000. Keybank Association Oh stated it has 22,356 shares or 0.01% of all its holdings. Jpmorgan Chase And has invested 0.03% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Gw Henssler And Associates holds 0.03% of its portfolio in Thor Industries, Inc. Us Bancorp De has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Ohio-based Johnson Counsel has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). The United Kingdom-based Dynamic Capital Management Ltd has invested 1.69% in the stock. Guardian Advsrs Limited Partnership reported 39,347 shares or 0.16% of all its holdings. Zacks Investment Research lowered Buckeye Partners L.P. from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. Therefore 40% are positive.

Mizuho set a $55.00 price target on Buckeye Partners (NYSE:BPL) in a research report sent to investors on Friday. The firm earned "Buy" rating on Tuesday, October 17 by UBS. Canaccord Genuity has "Buy" rating and $750 target. Finally, Royal Bank of Canada restated a "hold" rating and set a $67.00 price target on shares of Buckeye Partners in a report on Monday, October 16th. Investec maintained it with "Buy" rating and GBX 300 target in Tuesday, January 31 report. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 7.

Shares of Buckeye Partners, L.P. Scotia Capital maintained Brookfield Property Partners L.P. (NASDAQ:BPY) rating on Friday, February 9.

Chickasaw Capital Management Llc decreased Energy Transfer Equity Lp (NYSE:ETE) stake by 432,182 shares to 22.00 million valued at $382.30M in 2017Q3. Cv Starr And invested in 4.75% or 180,000 shares.

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