Shares of Buckeye Partners L.P. (BPL) Sees Large Inflow of Net Money Flow

Buckeye Partners L.P. (BPL) : Investors lapped up stocks on upticks to the tune of $7.31 million in the Fridays trading session. The trading value on downticks was comparatively at $5.61 million and the uptick to downtick ratio of 1.3 indicates continuous buying by the bulls. The net money flow into the stock was $1.7 million. Upticks saw transactions worth $1.27 clearly indicating buying by large investors. The total money flow for block trades stood at $1.27 million, which is a positive for the stock in the long-term. Buckeye Partners L.P. (BPL) fell $0.91 during the day at $72.96, a drop of -1.23% over the previous days close. However, for the week, the stock is -1.64%, compared to the previous week.


Buckeye Partners L.P. (BPL) : The most positive equity analysts on Buckeye Partners L.P. (BPL) expects the shares to touch $78, whereas, the least positive believes that the stock will trade at $73 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $75.17 with an expected fluctuation of $1.6 from the mean.

Buckeye Partners L.P. (NYSE:BPL): On Fridays trading session , Opening price of the stock was $73.27 with an intraday high of $73.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $72.87. However, the stock managed to close at $72.93, a loss of 1.27% for the day. On the previous day, the stock had closed at $73.87. The total traded volume of the day was 340,648 shares.

In a related news, The director officer (Chair, CEO and President), of Buckeye Partners, L.P., Smith Clark C. had unloaded 910 shares at $75.02 per share in a transaction on July 18, 2016. The total value of transaction was $68,268. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Buckeye Partners, L.P. (Buckeye) owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates in four segments: Pipelines & Terminals; Global Marine Terminals; Merchant Services, and Development & Logistics. Buckeye GP LLC (Buckeye GP) is the Companys general partner. The Pipelines & Terminals segment owns and operates pipeline in the Northeastern and upper Midwestern portions of the United States. The Global Marine Terminals segment provides marine bulk storage, marine terminal throughput services, and other related services in the Caribbean and the United States. The Merchant Services segment distributes petroleum products in the United States and in the Caribbean. The Development & Logistics segment operates third-party pipelines.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.