SunTrust Robinson Humphrey Upgrades Blueknight Energy Partners L.P. to Buy

Brokerage firm SunTrust Robinson Humphrey Upgrades its rating on Blueknight Energy Partners L.P.(NASDAQ:BKEP). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Jul 22, 2016.

In a different note, Janney Capital said it Initiates Coverage on Blueknight Energy Partners L.P., according to a research note issued on May 19, 2016. The shares have been rated ‘Neutral’ by the firm.

Blueknight Energy Partners L.P. (BKEP) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -1.62% at a volume of 1,50,190. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.24. The peak price level was also seen at $6.24 while the days lowest was $6.06. Finally the shares closed at $6.09. The 52-week high of the shares is $7.39 while the 52-week low is $3.8085. According to the latest information available, the market cap of the company is $202 M.

Blueknight Energy Partners L.P.(BKEP) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $42.36M. Analysts had an estimated revenue of $40.61M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Chris A Paul (Chief Legal Officer) purchased 1,169 shares at $0.00 per share price.Also, On Jul 6, 2016, Alex G Stallings (CFO) purchased 1,329 shares at $0.00 per share price.On Jul 6, 2016, Brian L Melton (VP PL Marketing & Business Dev) purchased 1,793 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Blueknight Energy Partners L.P. is a master limited partnership company. The Company provides integrated terminalling storage gathering and transportation services for companies engaged in the production distribution and marketing of crude oil and liquid asphalt cement. It operates in four segments: crude oil terminalling and storage services which provides crude oil terminalling and storage services at its terminalling and storage facilities located in Oklahoma and Texas; crude oil pipeline services which owns and operates pipeline systems the Mid-Continent system the East Texas system and Eagle North system that gather crude oil purchased by its customers and transports it to refiners; crude oil trucking and producer field services which uses its owned and leased tanker trucks to gather crude oil for its customers and asphalt services which provides asphalt product and residual fuel terminalling storage and blending services at its terminalling and storage facilities.

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