Buckeye Partners, L.P. BPL was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 7.6% in the last one month.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Buckeye Partners currently has a Zacks Rank #3 (Hold) while it’s Earnings ESP is negative.
A better-ranked oil stock is CONE Midstream Partners LP CNNX, sporting a Zacks Rank #1 (Strong Buy).
Is BPL going up? Or down? Predict to see what others think: Up or Down
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