Blueknight Energy Partners L.P. (BKEP) Trading 6.4% Higher
Blueknight Energy Partners L.P. (NASDAQ:BKEP)’s share price traded up 6.4% on Tuesday . The company traded as high as $5.98 and last traded at $5.97, with a volume of 74,258 shares. The stock had previously closed at $5.61.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Janney Montgomery Scott initiated coverage on Blueknight Energy Partners L.P. in a report on Thursday, May 19th. They issued a “neutral” rating and a $6.00 price objective for the company. Finally, TheStreet cut Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.05.
The company’s market capitalization is $197.72 million. The firm’s 50 day moving average is $5.16 and its 200 day moving average is $5.02.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $42.36 million for the quarter, compared to the consensus estimate of $40.61 million. On average, equities analysts predict that Blueknight Energy Partners L.P. will post ($0.09) earnings per share for the current fiscal year.
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