Insider Selling: Mark A. Hurley Sells 3,000 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley sold 3,000 shares of Blueknight Energy Partners L.P. stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $8.60, for a total transaction of $25,800.00. Following the transaction, the chief executive officer now directly owns 462,550 shares of the company’s stock, valued at approximately $3,977,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 1.38% during mid-day trading on Tuesday, hitting $8.63. 23,743 shares of the company’s stock traded hands. 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 $197.8 million and a price-to-earnings ratio of 178.59.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last issued its quarterly 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.
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., is a limited partnership with operations in twenty-three states. The Company 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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