Blueknight Energy Partners L.P. CEO Purchases 2,500 Shares of Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $8.52 per share, with a total value of $21,300.00. Following the purchase, the chief executive officer now directly owns 466,050 shares in the company, valued at approximately $3,970,746. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.04% during mid-day trading on Wednesday, hitting $8.53. 21,298 shares of the company’s stock traded hands. Blueknight Energy Partners L.P. has a 1-year low of $8.00 and a 1-year high of $9.50. The stock’s 50-day moving average is $8.90 and its 200-day moving average is $9.01. The company has a market cap of $195.6 million and a price-to-earnings ratio of 174.02.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.16. Analysts expect that Blueknight Energy Partners L.P. will post $0.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Thursday, July 31st. This is a positive change from Blueknight Energy Partners L.P.’s previous quarterly dividend of $0.13.
Separately, analysts at Zacks upgraded shares of Blueknight Energy Partners L.P. from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $8.70 price target on the stock.
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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