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 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.
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