Insider Selling: Mark A. Hurley Sells 3,500 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley unloaded 3,500 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $8.70, for a total transaction of $30,450.00. Following the completion of the transaction, the chief executive officer now directly owns 466,550 shares in the company, valued at approximately $4,058,985. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 1.03% during mid-day trading on Friday, hitting $8.66. The stock had a trading volume of 24,323 shares. Blueknight Energy Partners L.P. has a 52 week low of $8.00 and a 52 week high of $9.50. The stock’s 50-day moving average is $8.81 and its 200-day moving average is $8.99. The company has a market cap of $198.5 million and a price-to-earnings ratio of 178.57.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last released its earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the 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.
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) 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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