Blueknight Energy Partners L.P. CEO Buys $21,600 in Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley bought 2,500 shares of Blueknight Energy Partners L.P. stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $8.64 per share, with a total value of $21,600.00. Following the completion of the transaction, the chief executive officer now directly owns 468,550 shares of the company’s stock, valued at approximately $4,048,272. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.12% on Thursday, hitting $8.54. 25,795 shares of the company’s stock traded hands. 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 $8.88 and its 200-day moving average is $9.00. The company has a market cap of $195.8 million and a price-to-earnings ratio of 174.08.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last released its earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the 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 6.21%. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.