Blueknight Energy Partners (BKEP) Receives Coverage Optimism Rating of 0.08

News articles about Blueknight Energy Partners (NASDAQ:BKEP) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blueknight Energy Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 44.1052552552583 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Blueknight Energy Partners (BKEP) traded up $0.10 on Tuesday, reaching $4.85. 178,800 shares of the company traded hands, compared to its average volume of 61,779. Blueknight Energy Partners has a 1-year low of $4.72 and a 1-year 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 posted 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 company had revenue of $47.47 million during the quarter, compared to the consensus estimate of $52.01 million. Blueknight Energy Partners had a net margin of 11.78% and a negative return on equity of 10.32%. equities analysts forecast that Blueknight Energy Partners will post 0.05 EPS for the current year.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and set a $6.00 price target on shares of Blueknight Energy Partners in a research report on Friday, December 8th. Zacks Investment Research raised shares of Blueknight Energy Partners from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Wednesday, December 6th. Finally, SunTrust Banks set a $8.00 price objective on shares of Blueknight Energy Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.58.

In other Blueknight Energy Partners news, CFO Alex G. Stallings sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $5.60, for a total transaction of $44,800.00. Following the sale, the chief financial officer now directly owns 157,224 shares of the company’s stock, valued at approximately $880,454.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Howard Lampton purchased 26,835 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average cost of $5.04 per share, for a total transaction of $135,248.40. Following the completion of the transaction, the director now directly owns 130,000 shares in the company, valued at $655,200. The disclosure for this purchase can be found here. Insiders have sold a total of 480,945 shares of company stock worth $2,458,043 over the last three months. Insiders own 1.70% of the company’s stock.

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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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