Analyst Rating Update on Buckeye Partners L.P. (BPL)

Buckeye Partners L.P. (NYSE:BPL) : Zacks Investment Research ranks Buckeye Partners L.P. (NYSE:BPL) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.93, which indicates as a Buy.

Buckeye Partners L.P. (NYSE:BPL) : Currently there are 6 street experts covering Buckeye Partners L.P. (NYSE:BPL) stock. The most bullish and bearish price target for the stock is $78 and $73 respectively for the short term. The average price target of all the analysts comes to $75.17. The estimated standard deviation from the target is $1.6.

For the current week, the company shares have a recommendation consensus of Buy.

Buckeye Partners L.P. (NYSE:BPL): stock turned positive on Tuesday. Though the stock opened at $68.81, the bulls momentum made the stock top out at $69.41 level for the day. The stock recorded a low of $67.28 and closed the trading day at $69, in the green by 2.37%. The total traded volume for the day was 677,619. The stock had closed at $67.4 in the previous days trading.

In an insider trading activity, Smith Clark C., director officer (Chair, CEO and President) of Buckeye Partners, L.P., unloaded 10,000 shares at an average price of $73.01 on May 24, 2016. The total amount of the transaction was worth $730,100, according to the disclosed information with 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.

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