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 that occurred on Friday, December 1st. The shares were sold at an average price of $5.31, for a total transaction of $167,780.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 shares were 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 hours on Wednesday, reaching $5.05. 254,200 shares of the company traded hands, compared to its average volume of 58,623. Blueknight Energy Partners L.P. has a 12 month low of $4.86 and a 12 month high of $7.55. 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 (NASDAQ:BKEP) last issued its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). The firm had revenue of $47.47 million for the quarter, compared to analysts’ expectations of $52.01 million. Blueknight Energy Partners had a net margin of 11.78% and a negative return on equity of 10.32%. equities research analysts anticipate that Blueknight Energy Partners L.P. will post 0.05 earnings per share 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 dividend of $0.145 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.58 annualized dividend and a yield of 11.49%. Blueknight Energy Partners’s dividend payout ratio is currently -322.20%.

Several analysts have recently issued reports on BKEP shares. Zacks Investment Research raised shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks set a $8.00 price target on shares of Blueknight Energy Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st.

A hedge fund recently raised its stake in Blueknight Energy Partners stock. Neuberger Berman Group LLC boosted its position in shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,332,153 shares of the pipeline company’s stock after acquiring an additional 59,381 shares during the period. Neuberger Berman Group LLC owned 16.60% of Blueknight Energy Partners worth $39,576,000 as of its most recent SEC filing. 56.45% of the stock is currently owned by institutional investors and hedge funds.

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About Blueknight Energy Partners

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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