Blueknight Energy Partners LP to Issue Quarterly Dividend of $0.04 (NASDAQ:BKEP)

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Blueknight Energy Partners LP (NASDAQ:BKEP) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, November 4th will be paid a dividend of 0.04 per share by the pipeline company on Thursday, November 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date of this dividend is Friday, November 1st.

Shares of BKEP stock traded down $0.03 during trading on Wednesday, reaching $1.17. The company had a trading volume of 98,600 shares, compared to its average volume of 78,579. The firm’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $1.19. Blueknight Energy Partners has a one year low of $1.00 and a one year high of $2.40. The company has a market capitalization of $48.98 million, a PE ratio of -4.03 and a beta of 1.82.

Blueknight Energy Partners (NASDAQ:BKEP) last issued its quarterly earnings data on Wednesday, August 7th. The pipeline company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $94.08 million for the quarter. Blueknight Energy Partners had a negative return on equity of 4.51% and a negative net margin of 9.26%.

Several brokerages have commented on BKEP. ValuEngine raised Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

In other news, Director Robert Howard Lampton sold 150,000 shares of Blueknight Energy Partners stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1.21, for a total transaction of $181,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

About Blueknight Energy Partners

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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Dividend History for Blueknight Energy Partners (NASDAQ:BKEP)

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