Blueknight Energy Partners L.P. (NASDAQ:BKEP)’s share price traded down 1.5% during trading on Friday . The company traded as low as $5.72 and last traded at $5.81, with a volume of 59,312 shares. The stock had previously closed at $5.90.

A number of equities analysts have commented 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. SunTrust Banks Inc. raised Blueknight Energy Partners L.P. from a “neutral” rating to a “buy” rating and boosted their price objective 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 issued a “neutral” rating and a $6.00 price objective on the stock. One equities 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 stock. The company currently has an average rating of “Hold” and an average target price of $6.88.

The stock’s market capitalization is $218.22 million. The firm has a 50 day moving average price of $5.90 and a 200-day moving average price of $5.29.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last announced 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. Analysts forecast that Blueknight Energy Partners L.P. will post ($0.94) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders 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 was Friday, July 29th.

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

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