Insider Buying: Mark A. Hurley Acquires 2,500 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $8.64 per share, for a total transaction of $21,600.00. Following the completion of the transaction, the chief executive officer now directly owns 468,550 shares in the company, valued at approximately $4,048,272. The transaction was disclosed in a legal filing with the SEC, which is available at 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, August 13th. They now have a $8.70 price target on the stock.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at 8.735 on Monday. Blueknight Energy Partners L.P. has a one year low of $8.00 and a one year high of $9.50. The stock has a 50-day moving average of $8.85 and a 200-day moving average of $9.00. The company has a market cap of $200.2 million and a price-to-earnings 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) earnings per share for the quarter, missing the analysts’ 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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