Buckeye Partners L.P Stock Hits New 52-Week High (BPL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Buckeye Partners L.P (NYSE: BPL) hit a new 52-week high Tuesday as it is currently trading at $61.42, above its previous 52-week high of $61.32 with 181,254 shares traded as of 1:48 p.m. ET. Average volume has been 584,900 shares over the past 30 days.

Buckeye Partners L.P has a market cap of $5.75 billion and is part of the basic materials sector and energy industry. Shares are up 33.5% year to date as of the close of trading on Monday.

Buckeye Partners, L.P. owns and operates refined petroleum products pipeline systems in the United States. Its Pipelines & Terminals segment transports refined petroleum products; and provides bulk storage and terminal throughput services in the continental United States. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Buckeye Partners L.P as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Buckeye Partners L.P Ratings Report.

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