Blueknight Energy Partners L.P. (NASDAQ:BKEP) shares traded up 3.9% during mid-day trading on Wednesday . The company traded as high as $5.41 and last traded at $5.34, with a volume of 82,712 shares. The stock had previously closed at $5.14.

A number of analysts recently weighed in on BKEP shares. Zacks Investment Research cut shares of Blueknight Energy Partners L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. TheStreet cut shares of Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Finally, Janney Montgomery Scott started coverage on shares of Blueknight Energy Partners L.P. in a report on Thursday, May 19th. They issued a “neutral” rating and a $6.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Blueknight Energy Partners L.P. has a consensus rating of “Hold” and an average target price of $6.05.

The company’s 50-day moving average is $5.11 and its 200-day moving average is $5.00. The company’s market cap is $179.29 million.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced its earnings results on Wednesday, May 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.04. The company had revenue of $42.36 million for the quarter, compared to analyst estimates of $40.61 million. Equities analysts forecast that Blueknight Energy Partners L.P. will post ($0.09) earnings per share for the current year.

An institutional investor recently raised its position in Blueknight Energy Partners L.P. stock. Morgan Stanley raised its position in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 738,387 shares of the company’s stock after buying an additional 47,276 shares during the period. Morgan Stanley owned about 2.24% of Blueknight Energy Partners L.P. worth $4,149,000 at the end of the most recent reporting period.

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