Buckeye Partners, L.P. (NYSE:BPL) gets downgraded to Hold by SunTrust Banks

ME Staff
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Analyst Ratings For Buckeye Partners, L.P. (NYSE:BPL)

Today, Buckeye Partners, L.P. (NYSE:BPL) stock was downgraded by SunTrust Banks from Hold to Sell.

There are 2 sell ratings, 10 hold ratings, 1 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Buckeye Partners, L.P. (NYSE:BPL) is Hold with a consensus target price of $50.5385 per share, a potential 52.68% upside.

Some recent analyst ratings include

  • 7/23/2018-SunTrust Banks was Downgraded by analysts at SunTrust Banks from a “Hold ” rating to a ” Sell” rating. They now have a N/A price target on the stock.
  • 6/12/2018-UBS Group was Downgraded by analysts at UBS Group from a “Buy ” rating to a ” Neutral” rating. They now have a N/A price target on the stock.
  • 5/7/2018-Citigroup was Downgraded by analysts at Citigroup from a “Buy ” rating to a ” Neutral” rating. They now have a $55.00 price target on the stock.
  • 4/19/2018-Deutsche Bank initiated coverage with a Hold rating.

Recent Insider Trading Activity For Buckeye Partners, L.P. (NYSE:BPL)
Buckeye Partners, L.P. (NYSE:BPL) has insider ownership of 0.48% and institutional ownership of 70.84%.

  • On 5/22/2018 Todd J Russo, SVP, sold 11,300 with an average share price of $38.00 per share and the total transaction amounting to $429,400.00.
  • On 3/23/2018 Mark C Mckinley, Director, bought 1,000 with an average share price of $38.46 per share and the total transaction amounting to $38,460.00.
  • On 3/9/2018 Joseph Sauger, SVP, sold 11,013 with an average share price of $43.92 per share and the total transaction amounting to $483,690.96.
  • On 2/27/2018 Pieter Bakker, Director, sold 2,000 with an average share price of $46.05 per share and the total transaction amounting to $92,100.00.
  • On 12/20/2017 Joseph Sauger, SVP, sold 348 with an average share price of $47.98 per share and the total transaction amounting to $16,697.04.
  • On 12/4/2017 Joseph Sauger, SVP, sold 5,481 with an average share price of $47.04 per share and the total transaction amounting to $257,826.24.
  • On 8/14/2017 Barbara J Duganier, Director, bought 1,000 with an average share price of $58.19 per share and the total transaction amounting to $58,190.00.

About Buckeye Partners, L.P. (NYSE:BPL)
Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, and various distillates; refined petroleum products; and crude oil. This segment also provides crude oil services, including train loading/unloading, storage, and throughput; and turn-key operations and maintenance, asset development, and construction services for third-party pipeline and energy assets, as well as operates and/or maintains third-party pipelines. It owns and operates approximately 6,000 miles of pipeline located primarily in the northeastern and upper midwestern portions of the United States, and services 110 delivery locations; 115 active terminals that provide bulk storage and throughput services with aggregate storage capacity of 56 million barrels; and 2 underground propane storage caverns. The Global Marine Terminals segment provides marine accessible bulk storage and blending, rail and truck rack loading/unloading, and petroleum processing services in the New York Harbor on the East Coast and Corpus Christi, Texas in the Gulf Coast region of the United States, as well as The Bahamas, Puerto Rico, and St. Lucia in the Caribbean, Northwest Europe, the Middle East, and Southeast Asia. This segment owns and operates 22 liquid petroleum products and crude oil terminals. The Merchant Services segment is involved in the wholesale distribution of refined petroleum products, including gasoline, natural gas liquids, propane, ethanol, and biodiesel, as well as petroleum distillates, such as heating oil, diesel fuel, kerosene, and fuel oil. Buckeye GP LLC serves as the general partner of the company. Buckeye Partners, L.P. was founded in 1886 and is based in Houston, Texas.

Recent Trading Activity for Buckeye Partners, L.P. (NYSE:BPL)
Shares of Buckeye Partners, L.P. closed the previous trading session at 33.10 up +0.0100 0.030% with 32.03 shares trading hands.