Insider Buying: Blueknight Energy Partners L.P. CEO Purchases 4,000 Shares of Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley bought 4,000 shares of Blueknight Energy Partners L.P. stock on the open market in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost of $8.67 per share, with a total value of $34,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 467,550 shares of the company’s stock, valued at approximately $4,053,659. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 0.35% on Wednesday, hitting $8.65. The stock had a trading volume of 30,726 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 $8.78 and its 200-day moving average is $8.98. The company has a market cap of $198.3 million and a P/E ratio of 177.14.
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 (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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