A statement released earlier today by Goldman Sachs about Buckeye Partners (NYSE:BPL) bumps the target price to $78.00
- Updated: September 18, 2016
Yesterday Buckeye Partners (NYSE:BPL) traded 0.00% even at $68.16. BPL’s 50-day average is $71.05 and its 200-day average is $70.03. With the last stock price close down 2.67% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. 461,245 shares of BPL traded hands, up from ann avg. trading volume of 437,488.
In a report announced on Monday September 19 2016 Goldman Sachs upped the target price of Buckeye Partners (NYSE:BPL) from $0 to $78 stating a possible upsideof 0.14%.
Recent Performance Chart:
A total of 11 analysts have issued a ratings update on the company. Five analysts rate the stock a strong buy, two firms rate the company a buy, six firms rate the company a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the stock as sell with a 12-month target price of $74.91
With a market capitalization of $0.0, Buckeye Partners has a one-year low of $47.07 and a one-year high of $75.10 with a PE ratio of 18.
General Information About Buckeye Partners (NYSE:BPL)
Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service. The Company’s terminal network comprises approximately 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Company’s marine terminal in The Bahamas, and Bahamas Oil Refining Company International Limited (BORCO) provides an array of logistics and blending services for petroleum products.
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