Blueknight Energy Partners (NASDAQ:BKEP) Receiving Somewhat Favorable Media Coverage, Study Finds

News coverage about Blueknight Energy Partners (NASDAQ:BKEP) has trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blueknight Energy Partners earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.1477025181693 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of brokerages have recently weighed in on BKEP. Zacks Investment Research raised shares of Blueknight Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine lowered shares of Blueknight Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $6.00 price target on shares of Blueknight Energy Partners in a research note on Friday, December 8th.

BKEP stock opened at $4.60 on Friday. Blueknight Energy Partners has a 12 month low of $4.05 and a 12 month high of $7.35. The company has a market cap of $173.33, a P/E ratio of -51.11 and a beta of 0.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of -1.23.

Blueknight Energy Partners (NASDAQ:BKEP) last released its earnings results on Wednesday, March 7th. The pipeline company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). Blueknight Energy Partners had a net margin of 7.47% and a negative return on equity of 6.56%. The business had revenue of $44.25 million for the quarter, compared to analyst estimates of $44.99 million. equities analysts predict that Blueknight Energy Partners will post 0.22 earnings per share for the current fiscal year.

In related news, major shareholder Msd Partners, L.P. sold 3,073,951 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $5.17, for a total transaction of $15,892,326.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

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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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