Blueknight Energy Partners LP (NASDAQ:BKEP) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 63,400 shares, a decline of 12.6% from the January 15th total of 72,500 shares. Based on an average daily volume of 157,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Shares of NASDAQ:BKEP traded up $0.02 during midday trading on Friday, reaching $1.14. 78,017 shares of the company traded hands, compared to its average volume of 98,023. Blueknight Energy Partners has a 12 month low of $1.00 and a 12 month high of $2.00. The firm has a market capitalization of $45.51 million, a price-to-earnings ratio of -0.77 and a beta of 1.93. The firm’s fifty day moving average price is $1.17 and its two-hundred day moving average price is $1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 14.04%.

A number of analysts recently issued reports on the company. ValuEngine upgraded Blueknight Energy Partners from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Co lowered Blueknight Energy Partners from an “equal weight” rating to an “underweight” rating and set a $1.00 price objective on the stock. in a research note on Tuesday, January 7th.

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its stake in shares of Blueknight Energy Partners by 238.7% during the 4th quarter. Virtu Financial LLC now owns 60,524 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 42,653 shares during the period. Invesco Ltd. bought a new stake in shares of Blueknight Energy Partners during the 2nd quarter valued at $2,483,000. Finally, Zazove Associates LLC raised its stake in shares of Blueknight Energy Partners by 12.9% during the 3rd quarter. Zazove Associates LLC now owns 2,472,769 shares of the pipeline company’s stock valued at $2,782,000 after purchasing an additional 281,790 shares during the period. Institutional investors own 15.77% of the company’s stock.

Blueknight Energy Partners Company Profile

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services.

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