Blueknight Energy Partners L.P. (BKEP) Sees Strong Trading Volume
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) saw unusually-high trading volume on Friday . Approximately 297,628 shares were traded during mid-day trading, an increase of 138% from the previous session’s volume of 125,017 shares.The stock last traded at $6.23 and had previously closed at $6.05.
Several equities analysts recently commented on the stock. SunTrust Banks Inc. raised shares of Blueknight Energy Partners L.P. from a “neutral” rating to a “buy” rating and increased their target price for the company from $5.00 to $8.00 in a report on Friday. Zacks Investment Research raised shares of Blueknight Energy Partners L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Janney Montgomery Scott assumed coverage on shares of Blueknight Energy Partners L.P. in a report on Thursday, May 19th. They set a “neutral” rating and a $6.00 target price on the stock. Finally, TheStreet lowered shares of 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, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Blueknight Energy Partners L.P. has a consensus rating of “Hold” and a consensus target price of $6.45.
The firm’s 50 day moving average is $5.37 and its 200 day moving average is $5.06. The stock’s market capitalization is $203.20 million.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.04. The business had revenue of $42.36 million for the quarter, compared to analyst estimates of $40.61 million. Equities analysts expect that Blueknight Energy Partners L.P. will post ($0.08) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 9.48%. The ex-dividend date is Friday, July 29th.
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