Blueknight Energy Partners L.P. (BKEP) Announces Quarterly Dividend of $0.13
Blueknight Energy Partners L.P. (NASDAQ:BKEP) declared a quarterly dividend on Wednesday, January 22nd, Analyst Ratings.Net reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.1265 per share on Friday, February 14th. This represents a $0.51 dividend on an annualized basis and a yield of 5.66%.
BKEP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Blueknight Energy Partners L.P. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $10.10 price target on the stock. On a related note, analysts at MLV Capital initiated coverage on shares of Blueknight Energy Partners L.P. in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Blueknight Energy Partners L.P. from $7.00 to $8.00 in a research note to investors on Tuesday, November 12th.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.67% during mid-day trading on Wednesday, hitting $9.00. 1,957 shares of the company’s stock traded hands. Blueknight Energy Partners L.P. has a 1-year low of $7.50 and a 1-year high of $9.50. The stock’s 50-day moving average is $8.79 and its 200-day moving average is $8.60. The company has a market cap of $205.0 million and a P/E ratio of 29.90.
Blueknight Energy Partners, L.P. (NASDAQ:BKEP) provides integrated terminalling, storage, processing, gathering and transportation services for companies engaged in the production, distribution and marketing of crude oil and asphalt product.
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