Blueknight Energy Partners L.P. (NASDAQ:BKEP) major shareholder Msd Partners, L.P. sold 31,597 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $5.31, for a total transaction of $167,780.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Tuesday, December 5th, Msd Partners, L.P. sold 170,212 shares of Blueknight Energy Partners stock. The stock was sold at an average price of $5.06, for a total transaction of $861,272.72.

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

Blueknight Energy Partners (NASDAQ:BKEP) last announced its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.08 earnings per share (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 firm had revenue of $47.47 million during the quarter, compared to the consensus estimate of $52.01 million. sell-side analysts forecast that Blueknight Energy Partners L.P. will post 0.05 EPS for the current year.

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

An institutional investor recently raised its position in Blueknight Energy Partners stock. Renaissance Technologies LLC boosted its position in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 22.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 132,094 shares of the pipeline company’s stock after acquiring an additional 24,655 shares during the period. Renaissance Technologies LLC owned 0.35% of Blueknight Energy Partners worth $892,000 as of its most recent SEC filing. 56.45% of the stock is currently owned by institutional investors and hedge funds.

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

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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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