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Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $4,080,390. The acquisition was disclosed in a filing with the SEC, which is available at 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.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at 8.67 on Friday. Blueknight Energy Partners L.P. has a 52-week low of $8.00 and a 52-week high of $9.50. The stock has a 50-day moving average of $8.76 and a 200-day moving average of $8.98. The company has a market cap of $198.8 million and a P/E ratio of 176.53.

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.

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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