Insider Buying: Mark A. Hurley Acquires 3,000 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 3,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $8.80 per share, with a total value of $26,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 470,050 shares of the company’s stock, valued at approximately $4,136,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 0.68% on Thursday, hitting $8.75. The stock had a trading volume of 21,835 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 $8.82 and its 200-day moving average is $8.99. The company has a market cap of $200.6 million and a price-to-earnings ratio of 179.80.
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. Analysts expect that Blueknight Energy Partners L.P. will post $0.13 EPS 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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