Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) fell 1.5% during mid-day trading on Friday . The stock traded as low as $5.72 and last traded at $5.81, with a volume of 59,312 shares traded. The stock had previously closed at $5.90.

Several research firms recently issued reports on BKEP. SunTrust Banks Inc. upgraded shares of Blueknight Energy Partners L.P. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.00 to $8.00 in a research report on Friday, July 22nd. Zacks Investment Research upgraded shares of Blueknight Energy Partners L.P. from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Wednesday, August 3rd. Finally, Janney Montgomery Scott began coverage on shares of Blueknight Energy Partners L.P. in a research report on Thursday, May 19th. They set a “neutral” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.88.

The company’s market cap is $218.22 million. The firm’s 50 day moving average price is $5.90 and its 200 day moving average price is $5.29.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Tuesday, August 2nd were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date of this dividend was Friday, July 29th.

In other news, major shareholder Msd Partners, L.P. sold 320,554 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $5.80, for a total value of $1,859,213.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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