Blueknight Energy Partners LP (NASDAQ:BKEP) CFO D Andrew Woodward bought 50,000 shares of Blueknight Energy Partners stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of $1.14 per share, with a total value of $57,000.00. Following the acquisition, the chief financial officer now directly owns 55,559 shares in the company, valued at approximately $63,337.26. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ BKEP traded up $0.02 during trading on Thursday, reaching $1.14. The company’s stock had a trading volume of 33 shares, compared to its average volume of 140,776. The firm has a market capitalization of $47.34 million, a price-to-earnings ratio of -3.93 and a beta of 1.85. Blueknight Energy Partners LP has a 12 month low of $1.00 and a 12 month high of $2.40. The firm has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.19.

Blueknight Energy Partners (NASDAQ:BKEP) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $91.76 million during the quarter. Blueknight Energy Partners had a negative net margin of 9.08% and a negative return on equity of 5.91%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 14.04%. The ex-dividend date of this dividend is Friday, November 1st. Blueknight Energy Partners’s dividend payout ratio is currently -55.17%.

A number of research firms have issued reports on BKEP. Zacks Investment Research downgraded shares of Blueknight Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 26th. ValuEngine raised shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKEP. Invesco Ltd. bought a new stake in Blueknight Energy Partners in the 2nd quarter valued at about $2,483,000. Zazove Associates LLC boosted its holdings in Blueknight Energy Partners by 12.9% in 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. Finally, RBF Capital LLC bought a new stake in Blueknight Energy Partners in the 2nd quarter valued at about $29,000. 15.84% of the stock is owned by hedge funds and other institutional investors.

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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