Share on StockTwits

Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 2,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average price 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 purchase was disclosed in a document filed with the SEC, which is available at this link.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.35% on Thursday, hitting $8.56. The stock had a trading volume of 3,797 shares. Blueknight Energy Partners L.P. has a 52 week low of $8.00 and a 52 week high of $9.50. The stock has a 50-day moving average of $8.88 and a 200-day moving average of $9.00. The company has a market cap of $196.2 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) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.16. On average, analysts predict that Blueknight Energy Partners L.P. will post $0.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders 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 6.21%. The ex-dividend date of this dividend 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.

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.