Insider Selling: Blueknight Energy Partners L.P. CEO Unloads 1,500 Shares of Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley sold 1,500 shares of the stock in a transaction dated Monday, August 18th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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) opened at 8.81 on Thursday. 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 $8.82 and a 200-day moving average of $8.99. The company has a market cap of $202.0 million and a P/E ratio of 180.00.
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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