Blueknight Energy Partners L.P. (BKEP) Sees Large Volume Increase
Blueknight Energy Partners L.P. (NASDAQ:BKEP) shares saw unusually-strong trading volume on Wednesday . Approximately 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.
BKEP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Blueknight Energy Partners L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Janney Montgomery Scott initiated coverage on shares of Blueknight Energy Partners L.P. in a research note on Thursday, May 19th. They issued a “neutral” rating and a $6.00 target price for the company. Finally, SunTrust Banks Inc. upgraded shares of Blueknight Energy Partners L.P. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $8.00 in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Blueknight Energy Partners L.P. currently has a consensus rating of “Hold” and a consensus target price of $6.88.
The company’s 50 day moving average is $5.89 and its 200 day moving average is $5.23. The company’s market capitalization is $215.63 million.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.24. The business had revenue of $46.57 million for the quarter, compared to the consensus estimate of $43.86 million. On average, equities analysts forecast that Blueknight Energy Partners L.P. will post ($0.94) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.58 annualized dividend and a yield of 10.02%.
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