Insider Selling: Blueknight Energy Partners L.P. CEO Sells 1,500 Shares of Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.73, for a total value of $13,095.00. Following the transaction, the chief executive officer now directly owns 467,050 shares of the company’s stock, valued at approximately $4,077,347. The sale 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, August 13th. They now have a $8.70 price target on the stock.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 0.11% during mid-day trading on Wednesday, hitting $8.81. The stock had a trading volume of 23,451 shares. Blueknight Energy Partners L.P. has a one year low of $8.00 and a one year high of $9.50. The stock’s 50-day moving average is $8.83 and its 200-day moving average is $8.99. The company has a market cap of $202.0 million and a price-to-earnings ratio of 180.00.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last posted its quarterly 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 $0.13 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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