Blueknight Energy Partners L.P. (NASDAQ:BKEP) saw strong trading volume on Wednesday . 345,200 shares traded hands during trading, an increase of 155% from the previous session’s volume of 135,494 shares.The stock last traded at $5.78 and had previously closed at $5.80.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Blueknight Energy Partners L.P. from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday, August 3rd. SunTrust Banks Inc. raised Blueknight Energy Partners L.P. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $8.00 in a research note on Friday, July 22nd. Finally, Janney Montgomery Scott assumed coverage on Blueknight Energy Partners L.P. in a research note on Thursday, May 19th. They set a “neutral” rating and a $6.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Blueknight Energy Partners L.P. presently has an average rating of “Hold” and a consensus target price of $6.88.

The stock’s market cap is $211.92 million. The firm has a 50 day moving average price of $5.86 and a 200-day moving average price of $5.22.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.24. The firm earned $46.57 million during the quarter, compared to analyst estimates of $43.86 million. On average, equities analysts expect that Blueknight Energy Partners L.P. will post ($0.94) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Tuesday, August 2nd were paid a $0.145 dividend. The ex-dividend date was Friday, July 29th. This represents a $0.58 dividend on an annualized basis and a yield of 10.14%.

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