Insider Buying: Mark A. Hurley Acquires 5,000 Shares of Blueknight Energy Partners L.P. Stock (BKEP)
Blueknight Energy Partners L.P. (NASDAQ:BKEP) CEO Mark A. Hurley bought 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of $8.89 per share, for a total transaction of $44,450.00. Following the acquisition, the chief executive officer now directly owns 467,550 shares in the company, valued at approximately $4,156,520. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 1.03% on Wednesday, hitting $8.63. The stock had a trading volume of 13,520 shares. Blueknight Energy Partners L.P. has a 1-year low of $8.00 and a 1-year high of $9.50. The stock has a 50-day moving average of $8.75 and a 200-day moving average of $8.98. The company has a market cap of $197.8 million and a P/E ratio of 177.96.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters 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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