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Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley bought 2,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $8.64 per share, with a total value of $21,600.00. Following the purchase, the chief executive officer now directly owns 468,550 shares in the company, valued at approximately $4,048,272. The purchase 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.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at 8.735 on Friday. 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 $8.85 and its 200-day moving average is $9.00. The company has a market cap of $200.2 million and a P/E ratio of 174.29.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its earnings results 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. Analysts expect 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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