Blueknight Energy Partners L.P., L.L.C. (BKEP) Earning Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blueknight Energy Partners L.P., L.L.C. earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.5112803839022 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Blueknight Energy Partners L.P., L.L.C. (BKEP) traded up $0.08 during trading hours on Friday, reaching $5.45. The company’s stock had a trading volume of 21,882 shares, compared to its average volume of 39,239. The company has a debt-to-equity ratio of -1.22, a quick ratio of 0.87 and a current ratio of 0.87. Blueknight Energy Partners L.P., L.L.C. has a 52 week low of $5.30 and a 52 week high of $7.55.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last released its earnings results on Tuesday, October 31st. The pipeline company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Blueknight Energy Partners L.P., L.L.C. had a negative return on equity of 10.32% and a net margin of 11.78%. The firm had revenue of $47.47 million for the quarter, compared to the consensus estimate of $52.01 million. research analysts forecast that Blueknight Energy Partners L.P., L.L.C. will post 0.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 10.64%. The ex-dividend date was Thursday, November 2nd. Blueknight Energy Partners L.P., L.L.C.’s dividend payout ratio (DPR) is -322.20%.

A number of brokerages have weighed in on BKEP. Zacks Investment Research lowered Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. set a $8.00 target price on Blueknight Energy Partners L.P., L.L.C. and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, ValuEngine downgraded Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

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In related news, CFO Alex G. Stallings sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $5.60, for a total value of $44,800.00. Following the sale, the chief financial officer now owns 157,224 shares of the company’s stock, valued at approximately $880,454.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Walter Lampton purchased 8,903 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $5.78 per share, for a total transaction of $51,459.34. Following the acquisition, the director now owns 98,775 shares in the company, valued at approximately $570,919.50. The disclosure for this purchase can be found here. In the last three months, insiders purchased 18,000 shares of company stock worth $102,462. Company insiders own 1.70% of the company’s stock.

About Blueknight Energy Partners L.P., L.L.C.

Blueknight Energy Partners, L.P. is a master limited partnership company. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. Asphalt terminaling services segment operations generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.

Insider Buying and Selling by Quarter for Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP)

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