Filing of The Day: Blueknight Energy Partners Has Another Bullish Trade, Blueknight Energy Holding, Inc Bought Stake!

Filing of The Day: Blueknight Energy Partners Has Another Bullish Trade, Blueknight Energy Holding, Inc Bought Stake!

The New Blueknight Energy Holding, Inc Holding in Blueknight Energy Partners

Blueknight Energy Holding, Inc filed with the SEC SC 13D/A form for Blueknight Energy Partners. The form can be accessed here: 000119312516732767. As reported in Blueknight Energy Holding, Inc’s form, the filler as of late owns 6.2% or 2,488,789 shares of the Energy–company.

Blueknight Energy Partners stake is a new one for the and it was filed because of activity on October 5, 2016. We feel this shows Blueknight Energy Holding, Inc’s positive view for the stock.

Blueknight Energy Partners Institutional Sentiment

Latest Security and Exchange filings show 37 investors own Blueknight Energy Partners. The institutional ownership in Q3 2015 is low, at 59.41% of the outstanding shares. This is decreased by 480306 the total institutional shares. 22012001 were the shares owned by these institutional investors. In total 5 funds opened new Blueknight Energy Partners stakes, 7 increased stakes. There were 3 that closed positions and 13 reduced them.

Terril Brothers Inc is an institutional investor bullish on Blueknight Energy Partners, owning 60650 shares as of Q3 2015 for 0.11% of its portfolio. Msdc Management Lp owns 3576944 shares or 0.66% of its portfolio. TX Cushing Asset Management Lp have 0.99% of their stock portfolio for 4618484 shares. Further, Travelers Companies Inc reported stake worth 0.01% of its US stock portfolio. The NY Dg Capital Management Llc owns 2819428 shares. Blueknight Energy Partners is 18.53% of the manager’s US portfolio.

Business Profile

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: asphalt terminalling services, which provides asphalt product and residual fuel terminalling, storage and blending services at its terminalling and storage facilities; crude oil terminalling and storage services, which provides crude oil terminalling and storage services at its terminalling and storage facilities; 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, and crude oil trucking and producer field services, which uses its owned and leased tanker trucks to gather crude oil for its customers.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.16, from 0.92 in 2016Q1. The ratio improved, as 3 funds sold all Blueknight Energy Partners L.P. shares owned while 9 reduced positions. 5 funds bought stakes while 8 increased positions. They now own 21.79 million shares or 1.28% less from 22.08 million shares in 2016Q1.

Fic has 36,675 shares for 0.09% of their US portfolio. Renaissance Techs Ltd Com accumulated 0% or 17,300 shares. Toronto Dominion Natl Bank owns 1,645 shares or 0% of their US portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Clearbridge Invs Ltd Liability Company owns 3.36 million shares or 0.02% of their US portfolio. Deutsche Comml Bank Ag holds 19,281 shares or 0% of its portfolio. Citigroup Inc reported 519,125 shares or 0% of all its holdings. Bank Of America De has invested 0% of its portfolio in Blueknight Energy Partners L.P. (NASDAQ:BKEP). Dg Cap Ltd last reported 31.82% of its portfolio in the stock. Royal Bank & Trust Of Canada holds 0% of its portfolio in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 210,376 shares. Travelers has invested 0% of its portfolio in Blueknight Energy Partners L.P. (NASDAQ:BKEP). Cushing Asset L P has 0.7% invested in the company for 3.76 million shares. Manufacturers Life Insurance The holds 0% or 2,116 shares in its portfolio. Moreover, Terril Brothers Inc has 0.13% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 54,900 shares. The New York-based Neuberger Berman Limited Liability has invested 0.04% in Blueknight Energy Partners L.P. (NASDAQ:BKEP).

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 1 sale for $1.86 million net activity. The insider MSD Partners – L.P. sold 320,554 shares worth $1.86M.

Analysts await Blueknight Energy Partners L.P. (NASDAQ:BKEP) to report earnings on November, 2. They expect $0.03 earnings per share, down 85.71% or $0.18 from last year’s $0.21 per share. BKEP’s profit will be $1.11 million for 49.50 P/E if the $0.03 EPS becomes a reality. After $-0.03 actual earnings per share reported by Blueknight Energy Partners L.P. for the previous quarter, Wall Street now forecasts -200.00% EPS growth.

The stock increased 1.54% or $0.09 on October 6, hitting $5.94. About 42,178 shares traded hands. Blueknight Energy Partners L.P. (NASDAQ:BKEP) has risen 16.30% since March 3, 2016 and is uptrending. It has outperformed by 7.96% the S&P500.

Blueknight Energy Partners, L.P. is a master limited partnership company. The company has a market cap of $220.45 million. The Firm 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 currently has negative earnings.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) Ratings Coverage

Out of 5 analysts covering Blueknight Energy (NASDAQ:BKEP), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $9 is the highest target while $6 is the lowest. The $7 average target is 17.85% above today’s ($5.94) stock price. Blueknight Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, November 6. The stock has “Underweight” rating given by Barclays Capital on Tuesday, August 11. The firm has “Buy” rating by Suntrust Robinson given on Friday, July 22. The rating was upgraded by SunTrust to “Buy” on Friday, July 22. Janney Capital initiated the stock with “Neutral” rating in Thursday, May 19 report.

More recent Blueknight Energy Partners L.P. (NASDAQ:BKEP) news were published by: Twst.com which released: “Blueknight Energy Partners LP: Blueknight Energy Partners Completes …” on October 05, 2016. Also Marketwatch.com published the news titled: “Blueknight Energy stock price target raised to $8 from $5 at SunTrust RH” on April 21, 2011. Businesswire.com‘s news article titled: “Blueknight Energy Partners Acquires Asphalt Facilities in Wilmington, N.C. and …” with publication date: February 02, 2016 was also an interesting one.

According to Zacks Investment Research, “Blueknight Energy Partners, L.P., based in Tulsa, Oklahoma, owns and operates a diversified portfolio of complementary midstream energy assets. It provides midstream services to its customers by focusing in three operational areas: crude oil terminalling and storage, crude oil gathering and transportation services and asphalt terminalling, storage and processing services. The Company’s strategically located storage facilities, terminals and pipelines provide customers the flexibility to access multiple receipt and delivery points. Its vision is to use its strategically located assets to be a leading provider of midstream services in the energy industry. It intends to accomplish its objective by: pursuing both strategic and accretive acquisitions within the midstream energy industry, pursuing organic expansion opportunities by constructing additional assets in strategic locations, and expanding storage capacity, particularly at its Cushing terminal, and increasing the profitability of its existing assets.”

BKEP Company Profile

Blueknight Energy Partners, L.P., incorporated on February 22, 2007, is a master limited partnership with activities in over 20 states. The Firm provides integrated terminalling, storage, gathering and transportation services for companies engaged in the production, distribution and marketing of liquid asphalt cement and crude oil. The Firm operates in four divisions, namely, asphalt terminalling services, which provides asphalt product and residual fuel terminalling, storage and blending services at its over 40 terminalling and storage facilities located in over 20 states; 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 approximately three pipeline systems, the Mid-Continent system, the East Texas system and Eagle North system, that gather crude oil purchased by its clients and transports it to refiners, to common carrier pipelines, and crude oil trucking and producer field services, which uses its owned and leased tanker trucks to gather crude oil for its clients at remote wellhead locations. The Company’s operating assets are owned by, and its activities are conducted through, its subsidiaries. The Company’s crude oil activities are located primarily in Oklahoma, Kansas and Texas. The Company’s general partner is Blueknight Energy Partners G.P., L.L.C.

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