Insider Buying: Mark A. Hurley Buys 2,000 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 2,000 shares of Blueknight Energy Partners L.P. stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of $8.69 per share, for a total transaction of $17,380.00. Following the completion of the acquisition, the chief executive officer now directly owns 469,550 shares of the company’s stock, valued at approximately $4,080,390. The purchase was disclosed in a filing with the SEC, which can be accessed through 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.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 0.23% during mid-day trading on Thursday, hitting $8.63. 11,179 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 $197.8 million and a price-to-earnings ratio of 176.53.
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. On average, analysts predict that Blueknight Energy Partners L.P. will post $0.13 earnings per share 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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