Blueknight Energy Partners L.P. CEO Purchases $21,300 in Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 2,500 shares of Blueknight Energy Partners L.P. stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $8.52 per share, for a total transaction of $21,300.00. Following the transaction, the chief executive officer now directly owns 466,050 shares of the company’s stock, valued at approximately $3,970,746. The acquisition was disclosed in a legal 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) opened at 8.54 on Friday. 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. and its 200-day moving average is $9.00. The company has a market cap of $195.8 million and a P/E ratio of 174.08.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its earnings results 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. 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.
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.