Blueknight Energy Partners L.P. CEO Buys $17,380 in Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley purchased 2,000 shares of Blueknight Energy Partners L.P. stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of $8.69 per share, with a total value of $17,380.00. Following the purchase, the chief executive officer now directly owns 469,550 shares in the company, valued at approximately $4,080,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up 0.23% during mid-day trading on Thursday, hitting $8.67. 10,879 shares of the company’s stock traded hands. 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 $8.77 and a 200-day moving average of $8.98. The company has a market cap of $198.8 million and a price-to-earnings ratio of 176.53.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its 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. 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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