$1.00 EPS Expected for Buckeye Partners, L.P. (BPL); Penn Capital Management Co Lowered Media Gen New (MEG) Stake By $3.20 Million

July 18, 2017 - By Vivian Park

Analysts expect Buckeye Partners, L.P. (NYSE:BPL) to report $1.00 EPS on August, 4 before the open.They anticipate $0.07 EPS change or 6.54% from last quarter’s $1.07 EPS. BPL’s profit would be $138.35 million giving it 16.23 P/E if the $1.00 EPS is correct. After having $0.88 EPS previously, Buckeye Partners, L.P.’s analysts see 13.64% EPS growth. The stock decreased 1.50% or $0.99 on July 17, reaching $64.91. About shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since July 18, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Penn Capital Management Co Inc decreased Media Gen Inc New (MEG) stake by 41.96% reported in 2016Q4 SEC filing. Penn Capital Management Co Inc sold 133,143 shares as Media Gen Inc New (MEG)’s stock 0.00%. The Penn Capital Management Co Inc holds 184,176 shares with $4.51 million value, down from 317,319 last quarter. Media Gen Inc New now has $ valuation. It is 0.00% or $0 reaching $0 per share. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.46, from 1.52 in 2016Q3. It dropped, as 37 investors sold Buckeye Partners, L.P. shares while 87 reduced holdings. 30 funds opened positions while 101 raised stakes. 94.57 million shares or 6.05% more from 89.17 million shares in 2016Q3 were reported. Capital Invest Advsr Lc stated it has 3,890 shares. Royal Bancorp Of Canada owns 777,192 shares. Allianz Asset Ag, a Germany-based fund reported 93,900 shares. Liberty Mutual Group Asset Mngmt Inc invested 0.18% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Winslow Evans Crocker has 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 4,440 shares. Catawba Capital Va reported 27,769 shares. 3,200 are owned by Daniel Devine &. Alps Advisors Incorporated has invested 4.63% in Buckeye Partners, L.P. (NYSE:BPL). Oakworth Capital Incorporated holds 1,528 shares. Raab & Moskowitz Asset Mngmt Limited Liability Corp, New Jersey-based fund reported 17,858 shares. Synovus Fincl Corporation has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). 105 are owned by Agf Invests. Fifth Third Bank accumulated 8,603 shares or 0.01% of the stock. Ameriprise Finance Incorporated has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Pnc Fin Grp Incorporated accumulated 73,108 shares.

Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. The company has market cap of $8.98 billion. The Company’s divisions include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It has a 16.6 P/E ratio. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations.

Among 11 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Buckeye Partners had 26 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Monday, November 16 by DA Davidson. The rating was initiated by Suntrust Robinson on Tuesday, March 21 with “Hold”. The firm earned “Neutral” rating on Monday, February 13 by Mizuho. The company was maintained on Thursday, July 13 by Stifel Nicolaus. Stifel Nicolaus downgraded the stock to “Hold” rating in Monday, February 13 report. Credit Suisse initiated Buckeye Partners, L.P. (NYSE:BPL) on Wednesday, October 12 with “Neutral” rating. On Tuesday, January 17 the stock rating was reinitiated by Barclays Capital with “Equal Weight”. Mizuho maintained the shares of BPL in report on Monday, November 7 with “Neutral” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 2. The firm earned “Equalweight” rating on Thursday, May 12 by Barclays Capital.

Since May 24, 2017, it had 0 insider buys, and 1 sale for $219,760 activity. RUSSO TODD J had sold 3,280 shares worth $219,760 on Wednesday, May 24.

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.06, from 0.98 in 2016Q3. It dived, as 16 investors sold MEG shares while 50 reduced holdings. 24 funds opened positions while 37 raised stakes. 121.97 million shares or 6.94% more from 114.05 million shares in 2016Q3 were reported. Glazer Cap Ltd Limited Liability Company invested in 1.02% or 300,097 shares. Blackrock has invested 0% of its portfolio in Media General, Inc. (NYSE:MEG). Silvercrest Asset Mgmt Gp Limited owns 0% invested in Media General, Inc. (NYSE:MEG) for 10,930 shares. S Muoio And Ltd Liability Company has 2.63% invested in Media General, Inc. (NYSE:MEG). Blackrock Investment Management Ltd Co reported 0.01% of its portfolio in Media General, Inc. (NYSE:MEG). Alyeska Investment Limited Partnership reported 0.37% in Media General, Inc. (NYSE:MEG). Gamco Invsts Incorporated Et Al stated it has 3.83M shares. Moreover, Rhumbline Advisers has 0.01% invested in Media General, Inc. (NYSE:MEG) for 132,672 shares. Susquehanna Int Llp has 288,772 shares for 0% of their portfolio. Tiaa Cref Inv Mgmt Lc has invested 0.01% of its portfolio in Media General, Inc. (NYSE:MEG). Price T Rowe Assocs Inc Md accumulated 45,101 shares or 0% of the stock. Davenport Com Lc invested in 0.01% or 48,905 shares. Hall Laurie J Trustee accumulated 560 shares. Neuberger Berman Gp Lc invested in 0% or 18,601 shares. Salem Counselors Incorporated holds 1,200 shares or 0% of its portfolio.

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