BPL stock: buy or sell?
October 31st, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Check the only buy setup that matches with Buckeye Partners stock now:
|New all-time high||No|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Buckeye Partners stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 6 ratings published for BPL stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
BPL stock analysis
Shares of Buckeye Partners closed on October at $41.46 and remained stable a neutral 0.02%.
Buckeye Partners shares remained stable 0.02% to $41.46 on October. On September BPL price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Shares of Buckeye Partners closed this week at $41.46 and stayed constant a tight 0.02%. Counting this, it's been 3 green weeks in a row, gaining $0.09 or 0.22%.
Since early May 2019 when SMA20w and SMA40w crossed up, BPL price gained $9.25 per share (28.72%). By mid February 2019 BPL price bounced up over the SMA of 20 weeks that acted as support stopping new slides.
BPL stock price history
BPL IPO was on December 16th, 1986 at $0.00 per share1. Since then, BPL stock surged a inf%, with a yearly average of inf%. If you had invested right after BPL's IPO a $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 October at $41.48, and all-time highs 2014-11-21 with a price of 57.71.
BPL stock price target is $35.60Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We have 2 price predictions for BPL stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Buckeye Partners presented its financial report, posting an outstanding climb for the Earnings per Share (EPS). Analyst expected $0.69 per share, but Buckeye Partners posted $0.90.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Buckeye Partners annual sales climbed an extraordinary 12.61% to $4,108.27 million USD from $3,648.15 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) plummed a -14.56% to -1.44%.
|2013||$5,070 M||-||$347 M6.9%||-|
|2014||$6,620 M||30.58%||$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 M||12.31%||$479 M13.1%||-10.61%|
|2018||$4,108 M||12.61%||$-59.04 M-1.4%||-112.33%|
Quarterly financial resultsBuckeye Partners reported $1,074.78 M in revenues for 2018-Q4, a 18.17% improvement compared to previous quarter. Reported quarter income marked $482.52 M 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 revenues to same quarter last year, Buckeye Partners sales marked an exceptional increase and climbed a 13.61%.
|2017-Q1||$967 M||-||$123.58 M12.8%||-|
|2017-Q2||$806 M||-16.66%||$112.72 M14.0%||-8.79%|
|2017-Q3||$923 M||14.51%||$116.19 M12.6%||3.08%|
|2017-Q4||$946 M||2.54%||$126.32 M13.4%||8.72%|
|2018-Q1||$1,183 M||25.06%||$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 M||18.17%||$482.52 M44.9%||-164.70%|
Buckeye Partners ownershipWhen you are planning to invest in a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Buckeye Partners, of all outstanding shares are owned by its staff.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Thursday, October 31st, 2019|
|Day range||$41.46 - $41.48|
|Average true range||$0.03|
|50d mov avg||$41.23|
|100d mov avg||$40.92|
|200d mov avg||$37.20|
Buckeye Partners performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Buckeye Partners performance to :
Buckeye Partners competitorsUnfortunately, 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
- Seeking AlphaA Distribution Cut For Buckeye Partners Is Not InconsequentialAugust 29, 2018
- Seeking AlphaBuckeye Partners: Follow The 'Smart' MoneyJuly 27, 2018
- Seeking AlphaBuckeye Partners Contrarian OpportunityJuly 20, 2018
- Seeking AlphaBuckeye Partners: Follow Cash Flow From OperationsMay 31, 2018