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Trend Analysis – Buckeye Partners (NYSE: BPL)

Buckeye Partners (NYSE: BPL) stock encountered a rapid change of 28.26% in the last hour of Friday’s trading session. The stock settled the final trade on $41.75. Buckeye Partners, L.P. (BPL) recently stated its financial results for the first quarter of 2019.  Net income attributable to Buckeye was $80.8 million for the first quarter of 2019 contrast to $112.4 million for the first quarter of 2018.  Adjusted EBITDA (as defined below) for the first quarter of 2019 was $216.4 million contrast to $261.7 million for the first quarter of 2018.  Buckeye’s first quarter 2019 results were influenced by the sale of the partnership’s 50% equity interest in VTTI, which was accomplished in January 2019, and the sale of the package of domestic pipeline and terminal assets (the “Domestic Asset Package”), which closed in December 2018.  Included in the first quarter 2018 results was a $43.6 million contribution to Adjusted EBITDA from the divested assets.

Net income attributable to Buckeye was $0.52 per diluted unit for the first quarter of 2019 contrast to $0.74 per diluted unit for the first quarter of 2018.  The diluted weighted average number of units outstanding in the first quarter of 2019 was 154.5 million contrasts to 149.5 million in the first quarter of 2018.

Distributable cash flow (as defined below) for the first quarter of 2019 was $144.5 million contrast to $169.2 million for the first quarter of 2018.  Buckeye also stated distribution coverage of 1.24 times for the first quarter of 2019.

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Analysts consider this stock active, since it switched over with 26,037,952 shares as compared to its average volume of 1.18M shares. The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When Ave Volume tends to increase, it shows enhanced liquidity. But when Ave Volume is lower, the security will tend to be cheap as people are not as keen to purchase it. Hence, it might have an effect on the worth of the security.

The stock has turned around 2.61% yearly, so it gives a chance to investors, traders, shareholders and stakeholders to take a look at the complete situation of the market. The stock has come back 25.00% weekly shift, because it was maintained at 24.22% in the one month period. Hence, this depicts the stock’s weekly as well as monthly performance. The market capitalization of the corporation settled $5.01B whereas it’s P/B Ratio was 1.56. By using the P/B Ratio methodology, you can compare the value of stock market to its book value. For a smooth stock market functioning, the P/B Ratio must be high and vice versa. Financial investors own 0.50% stake in the business, while Beta Factor, which is generally used to evaluate the riskiness of the security, was moved 1.04.

Meanwhile, shares of the company were making trade 24.73% away from the 20-days SMA and 25.37% away from the 200-days SMA. Currently, the stock is trading -0.48% ahead of its 52-week high and 62.41% beyond its 52-week low. In the meantime, the Buckeye Partners’s 14-day RSI was settled at 83.97.

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