Today, the SVP & GC of Buckeye Partners LP (NYSE: BPL), Todd Russo, sold shares of BPL for $429.3K.
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Based on Buckeye Partners LP’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $111 million. In comparison, last year the company earned revenue of $967 million and had a net profit of $124 million. BPL’s market cap is $5.64B and the company has a P/E ratio of 11.57. Currently, Buckeye Partners LP has an average volume of 1.13M.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $43.40, reflecting a -17.0% downside.
The insider sentiment on Buckeye Partners LP has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Buckeye Partners LP is a holding company, which engages in the provision of midstream energy logistics services. It owns and operates petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads and other commercial end-users with all-weather transportation of refined petroleum products .It operates its business through the following segments: Domestic Pipelines and Terminals; Global Marine Terminals; and Merchant Services. The Domestic Pipelines and Terminals segment transports liquid petroleum products from refineries, connecting pipelines, vessels, and bulk and marine terminals. The Global Marine Terminals segment provides marine accessible bulk storage and blending services; and rail and truck rack loading or unloading along with petroleum processing services. The Merchant Services segment is a wholesale distributor of refined petroleum products in the continental United States and in the Caribbean. The company was founded in December 1986 and is headquartered in Houston, TX.
