Share on StockTwits

Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley unloaded 1,500 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $8.73, for a total transaction of $13,095.00. Following the sale, the chief executive officer now directly owns 467,050 shares in the company, valued at approximately $4,077,347. The sale 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.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) remained flat at $8.75 during during mid-day trading trading on Friday. Blueknight Energy Partners L.P. has a 52-week low of $8.00 and a 52-week high of $9.50. The stock has a 50-day moving average of $8.81 and a 200-day moving average of $8.99. The company has a market cap of $200.6 million and a price-to-earnings ratio of 178.57.

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. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.