November 24, 2017

Royal Bank Of Canada Lowers Target Price On Buckeye Partners LP (BPL)

14 November 2017, 08:37 | Hattie Nash

Days to cover decreased -3.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 31. Stockholders of record on Monday, November 13th will be given a dividend of $1.2625 per share. It has underperformed by 32.33% the S&P500. Energy Income Partners Llc sold 264,399 shares as Buckeye Partners Lp (BPL)'s stock declined 5.01%. The pipeline company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Buckeye Partners LP now has $7.02B valuation.

The company is trading down by 1.35% since yesterday's close of 50.51. About 3,486 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since November 14, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Investors sentiment decreased to 0.97 in Q2 2017.

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Since May 26, 2017, it had 1 buying transaction, and 0 insider sales for $24,763 activity. It is positive, as 7 investors sold Graham Corporation shares while 18 reduced holdings.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: which released: "Buckeye Partners' (BPL) CEO Clark Smith on Q3 2017 Results - Earnings Call ..." on November 03, 2017, also with their article: "Buckeye Partners Stock Getting Very Oversold" published on October 18, 2017, published: "Buckeye Partners' Q3: Doubly Troubling" on November 07, 2017. Cetera Advisor Netwr Ltd reported 6,430 shares. Ent Svcs, a Missouri-based fund reported 856 shares. Capstone Asset Mngmt Co owns 12,128 shares. Ct Mason has invested 1.08% in Buckeye Partners, L.P. (NYSE:BPL). Winslow Evans Crocker Inc has 4,490 shares for 0% of their portfolio. Fernwood Investment Management Ltd Llc accumulated 0.15% or 3,200 shares. 14,976 are owned by Botty Invsts Ltd Co. Cincinnati Com owns 52,103 shares or 0.1% of their United States portfolio. Texas Yale holds 0.76% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 135,477 shares.

Alliancebernstein L.P. grew its position by buying 641 shares an increase of 1.9% from 06/30/2017 to 09/30/2017.

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Trust Asset Management Llc increased its stake in Buckeye Partners Lp (BPL) by 78.82% based on its latest 2017Q2 regulatory filing with the SEC. Stifel holds 172,893 shares. Armstrong Henry H Assoc Incorporated reported 0.05% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). They expect $1.14 earnings per share, down 3.39% or $0.04 from last year's $1.18 per share. Linscomb & Williams Inc. boosted its position in Buckeye Partners 0.7% during the second quarter. After $0.81 actual EPS reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts 9.88% EPS growth.

Since May 24, 2017, it had 0 insider buys, and 1 insider sale for $219,760 activity. RUSSO TODD J sold $219,760 worth of stock. Shell Midstream Partners Lp was raised too. On November 5 Mizuho made no change to the company rating of "Hold" targeting a price of $60.00. On November 6 Stifel Nicolaus kept the stock rating at "Buy" with a current price target of $63.00. The company was upgraded on Monday, December 14 by DA Davidson. Barclays PLC dropped their price target on Buckeye Partners L.P. from $64.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, November 6th.

Buckeye intends to use the net proceeds from the Notes Offering in addition to a portion of the net proceeds from one or more potential future capital markets transactions (which may include an offering of subordinated notes)(i) to fund the redemption of all $300.0million aggregate principal amount of its outstanding 6.050% notes due January15, 2018 and (ii) to repay borrowings under its revolving credit facility. Barclays Capital maintained it with "Equalweight" rating and $73 target in Thursday, May 12 report.

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AZZ a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. Madison Investment Holdings Inc who had been investing in Oceaneering International Inc for a number of months, seems to be bullish on the $1.94 billion market cap company. The Firm operates through two divisions: Energy segment and Galvanizing segment. It has a 38.53 P/E ratio. It provides services and products for the development and commercialization of generic therapeutics. The stock has "Hold" rating by Investec on Friday, November 11. Therefore 23% are positive. AZZ had 9 analyst reports since September 1, 2015 according to SRatingsIntel. FBR Capital downgraded it to "Underperform" rating and $14.0 target in Tuesday, November 15 report. The value of the investment in Buckeye Partners L.P. went from $410,263,000 to $601,961,000 increasing 46.7% since the last quarter. The firm has "Mkt Perform" rating given on Wednesday, August 31 by FBR Capital. On Monday, September 19 the stock rating was upgraded by Goldman Sachs to "Buy". Suntrust Robinson initiated the stock with "Hold" rating in Tuesday, March 21 report. Its down 0.31, from 2.1 in 2017Q1. 13 funds opened positions while 30 raised stakes. Burke & Herbert Savings Bank & Tru holds 0.19% or 3,300 shares in its portfolio. Ubs Asset Mgmt Americas reported 9,906 shares stake.

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