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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 dated Wednesday, August 13th. The shares were purchased at an average cost of $8.64 per share, for a total transaction of $21,600.00. Following the transaction, the chief executive officer now directly owns 468,550 shares of the company’s stock, valued at approximately $4,048,272. The acquisition was disclosed in a filing with the SEC, which can be accessed through 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 2.93% during mid-day trading on Friday, hitting $8.79. The stock had a trading volume of 15,676 shares. 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. and its 200-day moving average is $9.00. The company has a market cap of $201.5 million and a P/E ratio of 174.29.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last issued its quarterly 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.

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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