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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.

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