Blue Dolphin Energy (OTCMKTS:BDCO) Shares Cross Above Fifty Day Moving Average – Here’s Why

Blue Dolphin Energy Co. (OTCMKTS:BDCO) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $10.83 and traded as high as $13.1920. Blue Dolphin Energy shares last traded at $13.1920, with a volume of 3,534 shares.

Blue Dolphin Energy Price Performance

The company’s fifty day moving average is $10.83 and its two-hundred day moving average is $6.19. The firm has a market capitalization of $196.82 million, a price-to-earnings ratio of 7.45 and a beta of 0.45. The company has a quick ratio of 0.74, a current ratio of 1.24 and a debt-to-equity ratio of 0.04.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its earnings results on Friday, August 14th. The company reported $1.19 EPS for the quarter. Blue Dolphin Energy had a net margin of 7.22% and a return on equity of 73.06%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company is an independent energy company focused primarily on crude oil refining and related midstream activities. Through its subsidiary, Blue Dolphin Petroleum Company, the company owns and operates a refinery in Nixon, Texas, with the capability to process crude oil and condensate into refined petroleum products.

The refinery produces products such as gasoline blendstocks, diesel fuel, jet fuel, naphtha, liquefied petroleum gas and vacuum gas oil. Blue Dolphin also operates or manages related crude oil gathering, transportation, storage and terminal assets that support the movement and processing of hydrocarbons.

Blue Dolphin’s operations are concentrated in Texas and are connected to the broader Gulf Coast refining and petroleum-marketing infrastructure.