|Bid||34.93 x 1100|
|Ask||34.94 x 800|
|Day's Range||34.76 - 35.38|
|52 Week Range||32.03 - 57.19|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||11.82|
|Earnings Date||Nov 1, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||5.05 (14.40%)|
|1y Target Est||39.69|
The rising tide of oil prices should lift all boats in the industry, but that hasn't been true for shares of SandRidge Energy, Weatherford International, and Buckeye Partners.
Over just the last six years, global oil demand per day has jumped by 10.14% according to the International Energy Agency (IEA). The bad news is that global oil production continues to fall behind demand. This glut manifested thanks to members of the Organization of Petroleum Exporting Countries (OPEC) who sought to limit the production gains of the US shale and fracking operations by driving down crude prices to make field investment unprofitable.
NEW YORK, Oct. 03, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Between September 14 and 21, midstream stock TC PipeLines (TCP) fell the most on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) saw the only decline among the major energy subsector ETFs that we discussed in Part 2 of this series.
The lack of infrastructure to transport and refine oil is causing crude produced in the U.S. to sell for a $10 discount compared to the global benchmark.
Buckeye Partners LP said on Monday it expects to begin full repair work this week on a closed jet fuel pipeline that breached over the weekend, spilling 8,000 gallons of fuel into the St. Marys River in Indiana. Clean-up efforts are underway but replacing the broken line has been delayed because of rain storms that have raised the river's level near Decatur, Indiana, said Buckeye spokesman Marty White. In a statement on Monday, Buckeye said workers have removed "the significant majority" of the fuel from the water and said it is working with the U.S. Environmental Protection Agency, the Indiana Department of Environmental Management and other local government agencies to recover the fuel and address health and environmental concerns.
Between August 31 and September 7, oilfield services stock Rowan Companies (RDC) saw the highest gain on our list of energy stocks. However, the VanEck Vectors Oil Services ETF (OIH) fell 6.1%, the largest fall among major energy subsector ETFs during the period, as we discussed in the previous article.
EnLink Midstream Partners (ENLK) rose 7.7% last week. The stock has gained substantially since its strong second-quarter results and is up 18% year-to-date. ENLK’s general partner, EnLink Midstream (ENLC), rose 3.4% last week. Buckeye Partners (BPL) and Crestwood Equity Partners (CEQP) were the other top MLP gainers for the week, rising 4.2% and 3.1%, respectively.
EQT Midstream Partners (EQM), a midstream MLP primarily involved in natural gas gathering, compression, and transportation, has an upside potential of 15.5% for the next 12 months. Analysts have given the company a target price of $66.6—compared to its current market price of $57.7.
Of the 17 analysts surveyed by Reuters covering Hi-Crush Partners (HCLP), one analyst rated the stock as a “strong buy,” nine rated it as a “buy,” and seven rated it as a “hold.” The median target price for Hi-Crush Partners is $17, which implies an upside potential of 39% from its current price of $12.25. Of the 15 analysts covering Buckeye Partners (BPL), two analysts recommended a “strong buy,” one recommended a “buy,” 11 recommended a “hold,” and one recommended a “sell.” Buckeye Partners’ median target price of $39.5 implies an upside potential of ~7% from its current price of $37.01. On August 6, Stifel cut its target price for Buckeye Partners from $45 to $43.
In this part, we’ll discuss the MLPs that are trading at a yield higher than 10%. The MLPs included in the discussion are oil and gas MLPs. Shipping and coal MLPs aren’t included. Only MLPs with a market capitalization of more than $500 million are considered. Enbridge Energy Management (EEQ) and Enbridge Energy Partners (EEP) aren’t included pending their proposed merger with Enbridge (ENB).
Buckeye Partners (BPL) stock is down 26% so far this year and has underperformed peers. Let’s see how institutional investors reacted to this weakness. Almost all the top institutional investors increased positions in BPL during the second quarter. According to a recent 13F filing, Alps Advisors added 600,000 shares of BPL and held 8.3% of its total outstanding shares as of June 30.
Buckeye Partners (BPL), the midstream MLP mainly involved in crude oil, refined products, and NGLs (natural gas liquids) transportation and terminaling, reported adjusted EBITDA of $254.8 million in the second quarter compared to $269.2 million in the same quarter of the previous year, representing a 5.3% YoY (year-over-year) fall. Buckeye Partners kept its distribution unchanged at $1.2625 per unit during the quarter despite a fall in its distributable cash flow. The partnership expects to maintain its distribution policy in the coming quarter.
Buckeye Partners (BPL) needs investors to pay close attention to the stock based on moves in the options market lately.
The company's cash generation has been a little spotty lately, and Wall Street has been pricing in a distribution cut for a while now.
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / U.S. markets closed in the green on Monday, as Nasdaq surged for the fifth consecutive session, on a batch of strong corporate earnings, amidst ongoing trade-related ...
Buckeye Partners (BPL) surpasses on second-quarter total revenue expectation, courtesy of a solid contribution from its Merchant Services segment.
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Buckeye Partners, L.P. (NYSE: BPL ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 3, 2018 at 11:00 AM Eastern Time. ...
HOUSTON, Aug. 03, 2018-- Buckeye Partners, L.P. today reported its financial results for the second quarter of 2018. Buckeye reported net income attributable to Buckeye’ s unitholders for the second quarter ...
Recently, Suntrust Robinson downgraded Buckeye Partners (BPL) to “sell” from “hold.” Suntrust Robinson reduced the partnership’s target price to $31 from $43. Previously, Citigroup lowered the partnership to “hold.” Buckeye Partners has seen five rating updates since the beginning of 2018 including four downgrades and one new coverage initiation.
Buckeye Partners (BPL) continued to trade below its 50-day and 200-day moving averages. The partnership was trading 3.1% below its 50-day simple moving average and 21.8% below its 200-day simple moving average as of July 30. There’s bearish sentiment in Buckeye Partners stock. In comparison, Magellan Midstream Partners (MMP) and Plains All American Pipeline (PAA) were trading 5.6% and 9.7% above their 200-day moving average.