BPL stock: buy or sell?

BPL stock price: $41.46 0.02% At close on October 31st, 2019

Updated on:
October 31st, 2019

2

Shares of Buckeye Partners stayed stable a tight 0.02% and closed at $41.46. Counting Oct 31st, it's been 3 green days in a row, adding $0.03 or 0.07%.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services.

Should I buy BPL stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Just 1 of our buy setups matches with Buckeye Partners stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Buckeye Partners stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 6 ratings published for BPL stock in the last month.

Is BPL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-12Argusn/aSell
2019-5-15UBS GroupBuyNeutral
2019-5-13BarclaysOverweightEqual Weight
2019-3-8UBS GroupBuyNeutral
2019-3-11Mizuhon/aNeutral
2019-2-19Barclaysn/aBuy

BPL stock analysis

Daily outlook

Buckeye Partners shares stayed steady 0.02% to $41.46 on October/31.

Buckeye Partners shares stayed constant 0.02% to $41.46 on Oct/31. On September BPL price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

BPL stock chart (daily)

Weekly outlook

Buckeye Partners shares remained stable 0.02% late October, ending at $41.46. For 3 weeks in a row, price soared and marked a profit of 0.22%.

Since SMA20d and SMA40w crossed up early May, BPL price climbed $9.25 per share (28.72%). By mid February BPL price bounced up over the SMA of 20 weeks that acted as support stopping new slides.

BPL stock chart (weekly)

BPL stock price history

BPL stock went public on December 16th, 1986 with a price of $0.001. Since then, BPL stock grew a inf%, with an average of inf% per year. If you had invested $1,000 in BPL stock in 1986, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

BPL stock historical price chart

BPL stock reached 52-week highs on Oct 31st at $41.48, and all-time highs 2014-11-21 with a price of 57.71.

BPL stock price target is $35.60

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 2 price targets for Buckeye Partners stock:
BPL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-8UBS GroupDowngradesn/a$33.25-
2019-2-19BarclaysReiteratesn/a$38.00-
(in average)$0.00$35.600.0%
The price target for Buckeye Partners stock is $35.60, moving in a range between $38.00 and $33.25. In average, analysts' outlook on BPL price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Buckeye Partners reported its latest financial data, posting an exceptional gain for the Earnings per Share (EPS) ratio. Analyst were expecting $0.69 per share, but Buckeye Partners posted $0.90.
BPL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.88n/a
2017-Q2-n/a0.8n/a
2017-Q32017-11-030.920.83-9.8%
2017-Q42018-02-090.90.86-4.4%
2018-Q12018-05-040.770.74-3.9%
2018-Q22018-08-030.690.59-14.5%
2018-Q32018-11-020.680.57-16.2%
2018-Q42019-02-080.690.930.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an amazing gain of 12.61% to $4,108.27 M USD. Nevertheless, its profit margin (compared to revenues) collapsed to -1.44%, that is $-59.04 million.

BPL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$5,070 M-$347 M6.9%-
2014$6,620 M30.58%$273 M4.1%-21.44%
2015$3,453 M-47.84%$437 M12.7%60.18%
2016$3,248 M-5.94%$536 M16.5%22.50%
2017$3,648 M12.31%$479 M13.1%-10.61%
2018$4,108 M12.61%$-59.04 M-1.4%-112.33%

Quarterly financial results

Buckeye Partners posted $1,074.78 million in sales for 2018-Q4, a 18.17% improvement compared to previous quarter. Reported quarter income marked $482.52 million with a profit margin of 44.89%. Profit margin skyrocketed a 126.90% compared to previous quarter when profit margin was -82.00%. When comparing turnover to same quarter last year, Buckeye Partners sales marked an extraordinary gain and rocketed a 13.61%.
BPL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$967 M-$123.58 M12.8%-
2017-Q2$806 M-16.66%$112.72 M14.0%-8.79%
2017-Q3$923 M14.51%$116.19 M12.6%3.08%
2017-Q4$946 M2.54%$126.32 M13.4%8.72%
2018-Q1$1,183 M25.06%$112.37 M9.5%-11.04%
2018-Q2$941 M-20.48%$91.90 M9.8%-18.22%
2018-Q3$910 M-3.33%$-745.84 M-82.0%-911.54%
2018-Q4$1,075 M18.17%$482.52 M44.9%-164.70%

Buckeye Partners ownership

When you are planning to invest in a company, it's always worth to review its ownership structure.

Buckeye Partners shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

For a better context understanding, the following table shows ownership data compared to other related companies:

BPL
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

BPL summary

Thursday, October 31st, 2019
Open$41.48
Close$41.46
Day range$41.46 - $41.48
Previous close$41.45
Session gain0.02%
Average true range$0.03
50d mov avg$41.23
100d mov avg$40.92
200d mov avg$37.20
Daily pattern
Weekly pattern

Buckeye Partners performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Buckeye Partners against in the following table:
Stock3m6m12m
BPLBuckeye Partners1.27%28.72%33.44%

Buckeye Partners competitors

Unfortunately, we could not find any public company that could be defined as Buckeye Partners competitor. This doesn't mean Buckeye Partners does not have any competitor in the market, it's just we could not detected it.

    Latest BPL stock news