Blueknight Energy Partners (BKEP) Receives Media Sentiment Score of 0.11

Headlines about Blueknight Energy Partners (NASDAQ:BKEP) have trended somewhat positive on Monday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blueknight Energy Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.6209439896958 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Blueknight Energy Partners (NASDAQ BKEP) remained flat at $$5.30 during midday trading on Monday. The stock had a trading volume of 79,000 shares, compared to its average volume of 57,649. 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 has a 1-year low of $5.05 and a 1-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 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). The business had revenue of $47.47 million for the quarter, compared to analyst estimates of $52.01 million. Blueknight Energy Partners had a negative return on equity of 10.32% and a net margin of 11.78%. research analysts forecast that Blueknight Energy Partners will post 0.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 10.94%. The ex-dividend date was Thursday, November 2nd. Blueknight Energy Partners’s dividend payout ratio (DPR) is -322.20%.

Several brokerages have recently weighed in on BKEP. Zacks Investment Research raised Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks set a $8.00 target price on Blueknight Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, October 31st.

In other Blueknight Energy Partners news, CFO Alex G. Stallings sold 8,000 shares of Blueknight Energy Partners stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $5.60, for a total transaction of $44,800.00. Following the transaction, the chief financial officer now owns 157,224 shares of the company’s stock, valued at $880,454.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

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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)

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