Insider Buying: Blueknight Energy Partners L.P. CEO Buys 2,500 Shares of Stock (BKEP)
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.
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