Buckeye Partners L.P. (NYSE:BPL) to Watch

[EDGAR] Buckeye Partners L.P. (NYSE:BPL)(TREND ANALYSIS) April 13, 2015 management of Buckeye GP LLC, the general partner of Buckeye Partners, L.P. (the “Partnership”), will be presenting to and participating in meetings with certain investors. Attached as Exhibit 99.1 to this Current Report on Form 8-K is a copy of the materials to be used in connection with those presentations and meetings. The materials also have been posted on the Investor Center page of the Partnership’s website, at www.buckeye.com.

The information furnished pursuant to this Item 7.01 shall not deemed to

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The company is expected to announce next quarter earnings on May 01, at consensus estimate of $0.79. Buckeye Partners L.P. (BPL) reported last quarter earnings on February 06. The Oil & Gas Midstream company announced earnings per share of $0.82 against a consensus Street estimate of $0.9, missing estimate by $0.08. This corresponds to an increase of $0.15 compared to the same quarter of the previous fiscal year.

Buckeye Partners L.P. (NYSE:BPL) is currently trading 2.7% below its 52-week-high, 31.77% above its 52-week-low. The 12-months range for the stock is $61.91 – $83.85. Buckeye Partners L.P. (BPL) has a price to earnings ratio of 35.73 versus S&P 500 average of 17.06. BPL stock price has outperformed the S&P 500 by 7.6%. The Oil & Gas Midstream company is currently valued at $10.38 billion and its share price closed the last trading session at $81.58. The stock has a 50-day moving average of $76.83 and a 200-day moving average of $76.3.

Buckeye Partners L.P. (BPL) current short interest stands at 1.54 million shares. It has decreased by 21% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.21 million shares, the number of days required to cover the short positions stand at 7.3 days.

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There are currently fourteen analysts that cover BPL stock. Of those fourteen, four have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $81.35.

A recent analyst activity consisted of Citigroup reiterating their Buy stance on February 11. Citigroup decreased price target from $87.5 to $84.5. This corresponds to a 3.58% upside from the last closing price. On the date of report, the stock closed at $73.7.

Barclays reiterated their Equal-weight stance on February 9, and increased their price target on BPL stock from $80 to $81. This corresponds to a 0.71% downside from the last closing price. On the date of report, the stock closed at $74.43.

Company profile

Buckeye Partners, L.P. owns and operates refined petroleum products pipeline systems in the United States. Its Pipelines and Terminals segment transports refined petroleum products and provides bulk storage and terminal throughput services in the continental United States. This segment owns and operates approximately 6,100 miles of pipeline systems in 16 states; and has 100 refined petroleum products terminals in 21 states with aggregate storage capacity of approximately 37.4 million barrels. The company,s International Operations segment provides marine bulk storage and marine terminal throughput services. This segment has two refined petroleum product terminals, including one in Puerto Rico and one on The Grand Bahama Island in the Bahamas with an aggregate storage capacity of 26.1 million barrels. Its Natural Gas Storage segment provides natural gas storage services through a facility located in northern California. The facility has approximately 30 billion cubic feet of working natural gas storage capacity. The company’s Energy Services segment engages in the wholesale distribution of refined petroleum products, including gasoline, propane, and petroleum distillates, such as heating oil, diesel fuel, and kerosene to wholesalers and commercial users. Its Development and Logistics segment provides contract operations, engineering, and construction management services, as well as asset development services to energy companies in the United States and internationally. This segment operates approximately 2,800 miles of third-party pipeline and terminals; owns and operates an ammonia pipeline; and owns pipelines located in Texas. Buckeye GP LLC serves as the general partner of the company. Buckeye Partners, L.P. was founded in 1886 and is headquartered in Houston, Texas.

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