BPL stock: buy or sell?

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

Updated on:
October 31st, 2019

2

Buckeye Partners remained constant a neutral 0.02% and closed at $41.46. October was the third climbing day in a row, gaining 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?

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:

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?

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.

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

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.

BPL stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $35.60

Nobody 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:
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%
Moving in a range from $38.00 and $33.25, the price prediction for Buckeye Partners stock is $35.60. 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 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.
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

In 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%.

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 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%.
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 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:

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. In the following table, we compare Buckeye Partners performance to :
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