Insider Selling: Blueknight Energy Partners L.P. CEO Sells 3,000 Shares of Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley sold 3,000 shares of Blueknight Energy Partners L.P. stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $8.70, for a total value of $26,100.00. Following the completion of the transaction, the chief executive officer now directly owns 463,550 shares in the company, valued at approximately $4,032,885. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.23% during mid-day trading on Monday, hitting $8.68. The stock had a trading volume of 26,337 shares. 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 $8.79 and a 200-day moving average of $8.9. The company has a market cap of $199.0 million and a P/E ratio of 176.73.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its 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.
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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