Blueknight Energy Partners - BKEP Stock Forecast, Price & News

Blueknight Energy Partners' stock was trading at $3.30 at the beginning of the year. Since then, BKEP shares have increased by 40.3% and is now trading at $4.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our BKEP earnings forecast.

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) released its quarterly earnings results on Wednesday, November, 10th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.10. The pipeline company earned $30.34 million during the quarter. Blueknight Energy Partners had a net margin of 29.17% and a negative trailing twelve-month return on equity of 14.23%.

Blueknight Energy Partners announced a quarterly dividend on Tuesday, July 26th. Stockholders of record on Friday, August 5th will be given a dividend of $0.043 per share on Friday, August 12th. This represents a $0.17 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, August 4th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for BKEP.

Blueknight Energy Partners (NASDAQ:BKEP) pays an annual dividend of $0.17 per share and currently has a dividend yield of 3.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 80.95%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BKEP.

4 employees have rated Blueknight Energy Partners Chief Executive Officer David Woodward on Glassdoor.com. David Woodward has an approval rating of 79% among the company's employees. 61.0% of employees surveyed would recommend working at Blueknight Energy Partners to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blueknight Energy Partners investors own include Energy Transfer (ET), NGL Energy Partners (NGL), CBL & Associates Properties (CBL), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), AT&T (T), Navios Maritime Midstream Partners (NAP), Cornerstone Strategic Value Fund (CLM), Cornerstone Total Return Fund (CRF) and Alliance Resource Partners (ARLP).

Blueknight Energy Partners trades on the NASDAQ under the ticker symbol "BKEP."

Blueknight Energy Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include DG Capital Management LLC (4.67%), JPMorgan Chase & Co. (2.46%), Goldman Sachs Group Inc. (2.17%), Cowen AND Company LLC (1.31%), UBS Group AG (0.41%) and LPL Financial LLC (0.35%). Insiders that own company stock include D Andrew Woodward and Steven M Bradshaw.
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Shares of BKEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BKEP stock can currently be purchased for approximately $4.63.

Blueknight Energy Partners (NASDAQ:BKEP) has a market capitalization of $194.01 million and generates $115.42 million in revenue each year. The pipeline company earns $110.53 million in net income (profit) each year or $0.21 on an earnings per share basis.

The company employs 130 workers across the globe.

Blueknight Energy Partners' mailing address is 6060 AMERICAN PLAZA SUITE 600, TULSA OK, 74135. The official website for the company is www.bkep.com. The pipeline company can be reached via phone at (918) 237-4000, via email at investor@bkep.com, or via fax at 918-237-4000.