Blueknight Energy Partners L.P. (BKEP) Announces Quarterly Results
Blueknight Energy Partners L.P. (NASDAQ:BKEP) issued its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.16, StockRatingsNetwork.com reports.
On the ratings front, analysts at Zacks downgraded shares of Blueknight Energy Partners L.P. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. They now have a $8.40 price target on the stock.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at 8.61 on Thursday. Blueknight Energy Partners L.P. has a 52 week low of $8.00 and a 52 week high of $9.50. The stock’s 50-day moving average is $8.9 and its 200-day moving average is $9.02. The company has a market cap of $197.4 million and a price-to-earnings ratio of 55.38.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Monday, August 4th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Blueknight Energy Partners L.P.’s previous quarterly dividend of $0.13.
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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