Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 6.4% during mid-day trading on Thursday . The stock traded as low as $5.79 and last traded at $6.01, with a volume of 1,060,258 shares trading hands. The stock had previously closed at $6.42.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. TheStreet cut shares of Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Finally, Janney Montgomery Scott assumed coverage on shares of Blueknight Energy Partners L.P. in a research note on Thursday, May 19th. They set a “neutral” rating and a $6.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Blueknight Energy Partners L.P. has a consensus rating of “Hold” and a consensus target price of $6.05.

The company’s 50-day moving average price is $5.31 and its 200-day moving average price is $5.05. The company’s market cap is $200.87 million.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Tuesday, August 2nd will be issued a $0.145 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.58 dividend on an annualized basis and a yield of 9.59%.

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