Heavy Volume And Pre-Market Movement For Buckeye Partners (BPL)

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Trade-Ideas LLC identified Buckeye Partners ( BPL) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Buckeye Partners as such a stock due to the following factors:

  • BPL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $28.8 million.
  • BPL traded 578,710 shares today in the pre-market hours as of 9:15 AM, representing 153% of its average daily volume.

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More details on BPL:

Buckeye Partners, L.P. owns and operates liquid petroleum products pipeline systems in the United States. The company operates through four segments: Pipelines & Terminals, Global Marine Terminals, Merchant Services, and Development & Logistics. The stock currently has a dividend yield of 5.5%. BPL has a PE ratio of 25.2. Currently there are 4 analysts that rate Buckeye Partners a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Buckeye Partners has been 271,200 shares per day over the past 30 days. Buckeye has a market cap of $9.4 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.69 and a short float of 1.9% with 6.68 days to cover. Shares are up 13.6% year-to-date as of the close of trading on Friday.

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