Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) posted its earnings results on Tuesday. The pipeline company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08), Bloomberg Earnings reports. Blueknight Energy Partners L.P., L.L.C. had a net margin of 12.71% and a negative return on equity of 12.45%. The business had revenue of $47.47 million for the quarter, compared to analysts’ expectations of $52.01 million.
Blueknight Energy Partners L.P., L.L.C. (NASDAQ BKEP) traded down 0.783% during midday trading on Wednesday, hitting $5.705. The company had a trading volume of 25,635 shares. Blueknight Energy Partners L.P., L.L.C. has a 52 week low of $5.30 and a 52 week high of $7.55. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $6.18. The company’s market capitalization is $217.83 million.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, November 3rd will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.58 annualized dividend and a dividend yield of 10.09%. Blueknight Energy Partners L.P., L.L.C.’s dividend payout ratio is presently -446.15%.
In other news, Director William Walter Lampton acquired 7,843 shares of Blueknight Energy Partners L.P., L.L.C. stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $5.59 per share, for a total transaction of $43,842.37. Following the acquisition, the director now directly owns 91,350 shares of the company’s stock, valued at approximately $510,646.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alex G. Stallings sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $5.60, for a total value of $44,800.00. Following the transaction, the chief financial officer now owns 165,224 shares in the company, valued at $925,254.40. The disclosure for this sale can be found here. Insiders have acquired a total of 18,000 shares of company stock worth $102,462 over the last 90 days. 1.70% of the stock is currently owned by company insiders.
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Several equities analysts have recently issued reports on BKEP shares. Zacks Investment Research cut Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. ValuEngine lowered Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
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.
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