Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) is expected to pay $0.15 on Nov 14, 2016. The indicated annual dividend is $0.58. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Blueknight Energy Partners L.P., L.L.C.’s current price of $5.85, the dividend is 2.48%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 21, 2016. The stock closed at $5.85 during the last session. It is down 23.16% since March 30, 2016 and is uptrending. It has outperformed by 20.14% the S&P500.
Blueknight Energy Partners, L.P. is a master limited partnership company. The company has a market cap of $213.10 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.
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.16, from 0.92 in 2016Q1. The ratio increased, 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.
Taurus Asset Mgmt Lc holds 0.06% or 60,200 shares in its portfolio. Glenmede Tru Na last reported 0% of its portfolio in the stock. Creative Planning, a Kansas-based fund reported 1,600 shares. Moreover, Stifel Corp has 0% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 11,176 shares. Clearbridge Invests Ltd Liability Com holds 3.36 million shares or 0.02% of its portfolio. Morgan Stanley has invested 0% of its portfolio in Blueknight Energy Partners L.P. (NASDAQ:BKEP). The New York-based Dg Cap Mgmt Limited Com has invested 31.82% in Blueknight Energy Partners L.P. (NASDAQ:BKEP). Hite Hedge Asset Management accumulated 436,283 shares or 0.93% of the stock. Msd L P reported 3.58 million shares or 1.22% of all its holdings. Moreover, Brown Advisory has 0% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 75,000 shares. Renaissance Technology Llc holds 0% or 17,300 shares in its portfolio. Travelers Cos owns 3,019 shares or 0% of their US portfolio. Moreover, Group One Trading L P has 0% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 5,794 shares. Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Terril Brothers Inc has invested 0.13% of its portfolio in Blueknight Energy Partners L.P. (NASDAQ:BKEP).
Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 1 sale for $1.86 million net activity. MSD Partners – L.P. sold $1.86M worth of stock or 320,554 shares.
Blueknight Energy Partners L.P. (NASDAQ:BKEP) Ratings Coverage
Out of 6 analysts covering Blueknight Energy (NASDAQ:BKEP), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $9 is the highest target while $6 is the lowest. The $7 average target is 19.66% above today’s ($5.85) stock price. Blueknight Energy has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, October 7 by DA Davidson. The company was maintained on Tuesday, August 11 by Barclays Capital. As per Friday, July 22, the company rating was upgraded by SunTrust. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, November 6. The stock of Blueknight Energy Partners L.P. (NASDAQ:BKEP) earned “Buy” rating by Suntrust Robinson on Friday, July 22. The firm has “Neutral” rating by Janney Capital given on Thursday, May 19.
More news for Blueknight Energy Partners L.P. (NASDAQ:BKEP) were recently published by: Businesswire.com, which released: “Blueknight Energy Partners, L.P. Announces Timing of Third Quarter 2016 …” on October 28, 2016. Marketwatch.com‘s article titled: “Blueknight Energy Partners GP LLC” and published on April 21, 2011 is yet another important article.
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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