Equities research analysts at Barclays Capital (NYSE: BCS) decreased their price target on shares of Buckeye Partners (NYSE: BPL) from $68.00 to $58.00 in a research note issued to investors on Monday. The firm currently has an “equal weight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) cut their price target on shares of Buckeye Partners from $70.00 to $64.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Buckeye Partners to a “buy” rating in a research note to investors on Wednesday, February 29th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Buckeye Partners in a research note to investors on Tuesday, February 14th. They now have a $67.00 price target on the stock.
Buckeye Partners opened at 53.44 on Monday. Buckeye Partners has a 1-year low of $52.46 and a 1-year high of $68.45. The company has a market cap of $5.215 billion and a price-to-earnings ratio of 53.12.
Buckeye Partners last released its earnings data on Friday, May 4th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.22. Buckeye Partners’s revenue was up .6% compared to the same quarter last year. Analysts expect that Buckeye Partners will post $0.77 EPS next quarter.
Buckeye Partners, L.P. is a master limited partnership. It owns and operates independent refined petroleum products pipeline systems in the United States, with approximately 5,400 miles of pipeline and 69 active products terminals that provide aggregate storage capacity of over 53 million barrels.