Blueknight Energy Partners, L.P. (BKEP) Stock Price Hits Yearly Low Today

July 13, 2018 - By Nellie Rakes

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) Logo

Investors sentiment increased to 0.91 in Q1 2018. Its up 0.03, from 0.88 in 2017Q4. It is positive, as 7 investors sold Blueknight Energy Partners, L.P. shares while 4 reduced holdings. 5 funds opened positions while 5 raised stakes. 18.17 million shares or 12.16% less from 20.69 million shares in 2017Q4 were reported.
Manufacturers Life Ins Co The stated it has 0% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). Moab Cap Ltd Liability holds 0.01% or 11,180 shares. Spirit Of America Management Corp Ny has invested 0.14% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). Prescott Cap Mngmt Limited Liability Company holds 770,187 shares or 0.71% of its portfolio. Deutsche Savings Bank Ag owns 880,800 shares for 0% of their portfolio. 55,900 are held by Terril Brothers. Royal Bancorp Of Canada holds 0% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP) or 290,000 shares. 2.16 million are held by Cushing Asset Mgmt Lp. Tower Research Capital Ltd Llc (Trc) reported 1,737 shares. Clearbridge Invs Ltd Co has invested 0.01% of its portfolio in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). Neuberger Berman Group Lc stated it has 6.23 million shares. Morgan Stanley holds 0% or 450,374 shares in its portfolio. Hall Laurie J Trustee holds 0.01% or 5,000 shares in its portfolio. Goldman Sachs Gp Inc has 0% invested in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). Bnp Paribas Arbitrage Sa accumulated 4,048 shares.

Since January 24, 2018, it had 0 insider buys, and 1 insider sale for $15.90 million activity.

The stock of Blueknight Energy Partners, L.P. (NASDAQ:BKEP) hit a new 52-week low and has $3.09 target or 5.00 % below today’s $3.25 share price. The 5 months bearish chart indicates high risk for the $135.03 million company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $3.09 price target is reached, the company will be worth $6.75 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.70% or $0.12 during the last trading session, reaching $3.25. About 416,427 shares traded or 120.55% up from the average. Blueknight Energy Partners, L.P. (NASDAQ:BKEP) has declined 46.10% since July 13, 2017 and is downtrending. It has underperformed by 58.67% the S&P500.

Analysts await Blueknight Energy Partners, L.P. (NASDAQ:BKEP) to report earnings on August, 7. After $-0.05 actual earnings per share reported by Blueknight Energy Partners, L.P. for the previous quarter, Wall Street now forecasts 20.00 % negative EPS growth.

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

Among 3 analysts covering Blueknight Energy (NASDAQ:BKEP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Blueknight Energy has $6.0 highest and $3 lowest target. $5’s average target is 53.85% above currents $3.25 stock price. Blueknight Energy had 3 analyst reports since March 13, 2018 according to SRatingsIntel. The company was maintained on Monday, June 11 by Wells Fargo. The company was maintained on Tuesday, March 13 by SunTrust. Stephens maintained Blueknight Energy Partners, L.P. (NASDAQ:BKEP) on Tuesday, March 13 with “Buy” rating.

More recent Blueknight Energy Partners, L.P. (NASDAQ:BKEP) news were published by: Businesswire.com which released: “Blueknight Announces Sale of Three Asphalt Terminals to Ergon, Amends Credit Facility and Completes Oklahoma …” on June 29, 2018. Also Seekingalpha.com published the news titled: “Blueknight Energy to sell three asphalt terminals for $90M” on July 02, 2018. Benzinga.com‘s news article titled: “5 Stocks To Watch For July 2, 2018” with publication date: July 02, 2018 was also an interesting one.

Blueknight Energy Partners, L.P. provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. The company has market cap of $135.03 million. The Company’s Asphalt Terminalling Services segment offers asphalt product and residual fuel oil storage services that enable its clients to manage their asphalt product storage, processing, and marketing activities. It currently has negative earnings. As of March 2, 2017, this segment had 54 terminals located in 26 states.

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

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