Blueknight Energy Partners LP (NASDAQ:BKEP) Director Robert Howard Lampton sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1.21, for a total transaction of $181,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:BKEP traded down $0.03 during midday trading on Friday, reaching $1.17. 151,159 shares of the company were exchanged, compared to its average volume of 224,258. The business’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.20. Blueknight Energy Partners LP has a one year low of $1.00 and a one year high of $2.50. The stock has a market cap of $48.56 million, a PE ratio of -4.03 and a beta of 1.84.

Blueknight Energy Partners (NASDAQ:BKEP) last issued its earnings results on Wednesday, August 7th. The pipeline company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. Blueknight Energy Partners had a negative net margin of 9.26% and a negative return on equity of 4.51%. The firm had revenue of $94.08 million during the quarter. As a group, sell-side analysts forecast that Blueknight Energy Partners LP will post -0.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend was Thursday, August 1st. Blueknight Energy Partners’s payout ratio is -55.17%.

A number of brokerages recently weighed in on BKEP. ValuEngine upgraded shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

A number of institutional investors have recently added to or reduced their stakes in BKEP. RBF Capital LLC purchased a new stake in Blueknight Energy Partners during the second quarter valued at $29,000. Geode Capital Management LLC raised its stake in Blueknight Energy Partners by 115.6% during the fourth quarter. Geode Capital Management LLC now owns 52,800 shares of the pipeline company’s stock valued at $60,000 after purchasing an additional 28,310 shares in the last quarter. Deutsche Bank AG purchased a new stake in Blueknight Energy Partners during the fourth quarter valued at $312,000. Invesco Ltd. purchased a new stake in Blueknight Energy Partners during the second quarter valued at $2,483,000. Finally, Zazove Associates LLC raised its stake in Blueknight Energy Partners by 13.6% during the second quarter. Zazove Associates LLC now owns 2,190,979 shares of the pipeline company’s stock valued at $2,542,000 after purchasing an additional 261,582 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Blueknight Energy Partners Company Profile

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services.

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