Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.