Blueknight Energy Partners L.P., L.L.C. (BKEP) to Release Earnings on Monday
Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Blueknight Energy Partners L.P., L.L.C. to post earnings of $0.16 per share for the quarter.
Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last announced its earnings results on Tuesday, August 1st. The pipeline company reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.03. The business had revenue of $43.88 million for the quarter, compared to analyst estimates of $46.56 million. Blueknight Energy Partners L.P., L.L.C. had a net margin of 12.71% and a negative return on equity of 12.45%.
Blueknight Energy Partners L.P., L.L.C. (BKEP) opened at 5.65 on Monday. The stock’s market capitalization is $215.73 million. Blueknight Energy Partners L.P., L.L.C. has a 12 month low of $5.30 and a 12 month high of $7.55. The stock’s 50 day moving average is $5.82 and its 200-day moving average is $6.24.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd will be issued a $0.145 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 10.27%. Blueknight Energy Partners L.P., L.L.C.’s dividend payout ratio (DPR) is -446.15%.
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In related news, Director William Walter Lampton acquired 8,903 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $5.78 per share, for a total transaction of $51,459.34. Following the purchase, the director now directly owns 98,775 shares in the company, valued at $570,919.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alex G. Stallings sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $5.60, for a total value of $44,800.00. Following the transaction, the chief financial officer now owns 165,224 shares of the company’s stock, valued at $925,254.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 18,000 shares of company stock valued at $102,462. 1.70% of the stock is owned by company insiders.
BKEP has been the subject of a number of research analyst reports. ValuEngine downgraded Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
Blueknight Energy Partners L.P., L.L.C. Company Profile
Blueknight Energy Partners, L.P. is a master limited partnership company. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. Asphalt terminaling services segment operations generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.
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