35.42 0.00 (0.00%)
After hours: 5:17PM EDT
|Bid||34.23 x 1300|
|Ask||0.00 x 800|
|Day's Range||35.04 - 36.09|
|52 Week Range||32.03 - 59.67|
|PE Ratio (TTM)||11.91|
|Earnings Date||Nov 1, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||5.05 (12.71%)|
|1y Target Est||40.71|
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.
Buckeye Partners’ distribution coverage was at 0.91x during the first quarter. The chances of a distribution cut increased after Moody’s changed Buckeye Partners’ outlook from “stable” to “negative.” The expectation of a distribution cut could be seen in the partnership’s forward distribution yield. Buckeye Partners’ forward distribution yield of 13.3% is 170 basis points lower than the current yield of 15.0%.
Currently, the Domestic Pipelines & Terminals segment is Buckeye Partners’ (BPL) largest business segment. The segment posted 0.9% YoY (year-over-year) adjusted EBITDA growth during the first quarter. The segment’s performance is expected to improve more in the second quarter. Future growth is expected due to strong volume growth from the Permian and Eagle Ford regions, the placement of Phase 1 of the Michigan/Ohio project, and higher refined product throughput volumes.
Buckeye Partners (BPL) is scheduled to release its second-quarter earnings on August 3. Recently, Kinder Morgan (KMI) announced its second-quarter earnings. Kinder Morgan reported an adjusted EBITDA of $1.848 billion in the second quarter compared to $1.728 billion in the second quarter of 2017—a 6.9% increase YoY (year-over-year). For details on Kinder Morgan’s second-quarter earnings, read Analyzing Kinder Morgan’s Second-Quarter Earnings.
Buckeye Partners (BPL), a midstream MLP involved in liquids transportation and terminaling, was downgraded by SunTrust Robinson Humphrey last week. It lowered BPL to a “sell” from a “hold” and reduced the target price to $31 from $43. Previously, Citigroup lowered the partnership to a “hold.” BPL has seen five rating updates since the start of the year, including four downgrades and one new coverage initiation.
Plains All American Pipeline (PAA) fell sharply after crossing its short-term (50-day) moving average, which could indicate a bearish sentiment in the stock.
Moody's Investors Service ("Moody's") changed Buckeye Partners, L.P.'s (Buckeye) outlook to negative from stable and affirmed its Baa3 senior unsecured rating. The negative outlook also reflects the execution risk in generating the growth related EBITDA over the next couple of years. "Buckeye's leverage may exceed 5x until its EBITDA from the ongoing growth projects gets meaningfully realized," said Arvinder Saluja, Moody's Vice President.
Stock Research Monitor: AM, BWP, and BPL LONDON, UK / ACCESSWIRE / July 13, 2018 / If you want a free Stock Review on LNG sign up now at www.wallstequities.com/registration . On Thursday, July 12, 2018, ...
The Pennsylvania Public Utility Commission on Thursday unanimously rejected a petition by Buckeye Partners to reverse a western portion of the Laurel product pipeline that connects Philadelphia area refiners to the Pittsburgh market. The partial reversal of the traditional westward flow on of the 350-mile (563-km) pipeline to bring 40,000 barrels per day of fuels, including gasoline and diesel, to Pennsylvania would have given Midwest refiners like Marathon Petroleum Corp and Husky Energy greater access to the Pittsburgh market, while essentially cutting off their East Coast peers.
DALLAS , July 12, 2018 /PRNewswire/ -- Alerian announced that as of the close of business on Monday, July 23, 2018 , the following companies will be added to the Alerian Midstream Energy Select Index (AMEI): ...
Some Philadelphia-area refiners such as Philadelphia Energy Solutions and Delta Air Lines subsidiary Monroe Energy opposed the reversal.
A total of 80.0% of the analysts surveyed by Reuters have rated Buckeye Partners (BPL) as a “hold,” and the remaining 20% have rated it as a “buy.”
Buckeye Partners Is Near Its 2008 Lows: Can It Recover? Buckeye Partners (BPL) was trading at a very high distribution yield of 14.6% on July 5. BPL’s peers NuStar Energy (NS), Magellan Midstream Partners (MMP), and Plains All American Pipeline (PAA) are trading at distribution yields of 10.4%, 5.5%, and 6.2%, respectively.
Buckeye Partners’ (BPL) 30-day implied volatility was 31.1% on July 5, higher than the 15-day average of 29.5%. BPL’s peers Kinder Morgan (KMI) and Plains All American Pipeline (PAA) have implied volatilities of 22.9% and 29.5%, respectively. In comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 22.0%.
Buckeye Partners (BPL) continues to trade below both its short-term (50-day) and long-term (200-day) moving averages. The partnership was trading 8.3% below its 50-day moving average and 25.1% below its 200-day moving average on July 5, indicating a bearish sentiment in its stock.