Blueknight Energy Partners L.P. (BKEP) Trading 6.5% Higher
Blueknight Energy Partners L.P. (NASDAQ:BKEP)’s share price traded up 6.5% on Wednesday . The stock traded as high as $6.45 and last traded at $6.42, with a volume of 84,519 shares. The stock had previously closed at $6.03.
Several equities analysts have weighed in 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 report on Wednesday, July 6th. TheStreet cut shares of Blueknight Energy Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Finally, Janney Montgomery Scott assumed 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 objective on the stock. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.05.
The company’s market capitalization is $213.16 million. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $5.04.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.04. The company earned $42.36 million during the quarter, compared to the consensus estimate of $40.61 million. On average, equities research analysts expect that Blueknight Energy Partners L.P. will post ($0.09) earnings per share for the current fiscal year.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.