Blueknight Energy Partners L.P. (NASDAQ:BKEP) major shareholder Msd Partners, L.P. sold 170,212 shares of Blueknight Energy Partners stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.06, for a total value of $861,272.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Msd Partners, L.P. also recently made the following trade(s):

  • On Friday, December 1st, Msd Partners, L.P. sold 31,597 shares of Blueknight Energy Partners stock. The stock was sold at an average price of $5.31, for a total value of $167,780.07.

Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down $0.05 during mid-day trading on Tuesday, reaching $5.05. The company’s stock had a trading volume of 254,237 shares, compared to its average volume of 58,623. The company has a debt-to-equity ratio of -1.22, a current ratio of 0.87 and a quick ratio of 0.87. Blueknight Energy Partners L.P. has a 12 month low of $4.86 and a 12 month high of $7.55.

Blueknight Energy Partners (NASDAQ:BKEP) last issued its earnings results on Tuesday, October 31st. The pipeline company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). Blueknight Energy Partners had a net margin of 11.78% and a negative return on equity of 10.32%. The company had revenue of $47.47 million during the quarter, compared to analyst estimates of $52.01 million. analysts predict that Blueknight Energy Partners L.P. will post 0.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.58 dividend on an annualized basis and a yield of 11.49%. Blueknight Energy Partners’s payout ratio is currently -322.20%.

A number of brokerages have commented on BKEP. Zacks Investment Research upgraded Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. SunTrust Banks set a $8.00 target price on Blueknight Energy Partners and gave the company a “buy” rating in a research note on Tuesday, October 31st.

An institutional investor recently raised its position in Blueknight Energy Partners stock. Renaissance Technologies LLC lifted its holdings in shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 22.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,094 shares of the pipeline company’s stock after buying an additional 24,655 shares during the period. Renaissance Technologies LLC owned approximately 0.35% of Blueknight Energy Partners worth $892,000 at the end of the most recent reporting period. 56.45% of the stock is currently owned by institutional investors.

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Blueknight Energy Partners 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.

Insider Buying and Selling by Quarter for Blueknight Energy Partners (NASDAQ:BKEP)

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