Msd Partners, L.P. Sells 31,597 Shares of Blueknight Energy Partners L.P. (BKEP) Stock

Blueknight Energy Partners L.P. (NASDAQ:BKEP) major shareholder Msd Partners, L.P. sold 31,597 shares of Blueknight Energy Partners stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $5.31, for a total transaction of $167,780.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Msd Partners, L.P. also recently made the following trade(s):

  • On Tuesday, December 5th, Msd Partners, L.P. sold 170,212 shares of Blueknight Energy Partners stock. The stock was sold at an average price of $5.06, for a total transaction of $861,272.72.

Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up $0.05 during trading hours on Thursday, hitting $5.10. 101,100 shares of the stock traded hands, compared to its average volume of 58,803. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of -1.22. Blueknight Energy Partners L.P. has a one year low of $4.86 and a one year high of $7.55.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.37%. The ex-dividend date was Thursday, November 2nd. Blueknight Energy Partners’s payout ratio is presently -322.20%.

BKEP has been the subject of several analyst reports. SunTrust Banks set a $8.00 target price on shares of Blueknight Energy Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.

A hedge fund recently raised its stake in Blueknight Energy Partners stock. Neuberger Berman Group LLC grew its position in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,332,153 shares of the pipeline company’s stock after buying an additional 59,381 shares during the quarter. Neuberger Berman Group LLC owned 16.60% of Blueknight Energy Partners worth $39,576,000 as of its most recent SEC filing. Institutional investors own 56.45% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Msd Partners, L.P. Sells 31,597 Shares of Blueknight Energy Partners L.P. (BKEP) Stock” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3079967/msd-partners-l-p-sells-31597-shares-of-blueknight-energy-partners-l-p-bkep-stock.html.

About Blueknight Energy Partners

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 (NASDAQ:BKEP)

Receive News & Ratings for Blueknight Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blueknight Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.