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NASDAQ:BKEP

Blueknight Energy Partners Stock Forecast, Price & News

$1.74
+0.05 (+2.96 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$1.68
Now: $1.74▼
$1.75
50-Day Range
$1.34
MA: $1.49▼
$1.70
52-Week Range
$0.53
Now: $1.74▼
$1.80
Volume136,815 shs
Average Volume162,259 shs
Market Capitalization$71.68 million
P/E RatioN/A
Dividend Yield9.47%
Beta2.17
Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services. The company's Asphalt Terminalling Services segment offers asphalt terminalling services, including storage, blending, processing, and throughput services for liquid asphalt product and residual fuel oil. As of March 23, 2020, this segment had 53 terminals located in 26 states. Its Crude Oil Terminalling Services segment provides terminalling services, including storage, blending, processing, and throughput services for crude oil. This segment owns and operates 34 crude oil storage tanks with approximately 6.6 million barrels of storage capacity. The company's Crude Oil Pipeline Services segment owns and operates crude oil transportation system with a combined length of approximately 611 miles; and purchases crude oil from production leases in Oklahoma and markets those barrels at the Cushing Interchange. Its Crude Oil Trucking Services segment owns and leases tanker trucks for gathering crude oil for its customers at remote wellhead locations. This segment owns or leases approximately 63 tanker trucks. Blueknight Energy Partners G.P., L.L.C. operates as a general partner of the company. The company was formerly known as SemGroup Energy Partners, L.P. and changed its name to Blueknight Energy Partners, L.P. in December 2009. Blueknight Energy Partners, L.P. was founded in 2007 and is headquartered in Tulsa, Oklahoma.
Blueknight Energy Partners logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.0Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.09 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:BKEP
Previous Symbol
CUSIPN/A
CIK1392091
Webwww.bkep.com
Phone918-237-4000
Employees270

Debt

Debt-to-Equity RatioN/A
Current Ratio0.73
Quick Ratio0.73

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$371.07 million
Price / Sales0.19
Cash Flow$1.14 per share
Price / Cash Flow1.53
Book Value($6.87) per share
Price / Book-0.25

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$18.41 million
Net Margins6.48%
Return on Equity-7.10%
Return on Assets6.94%

Miscellaneous

Outstanding Shares41,198,000
Market Cap$71.68 million
Next Earnings Date3/24/2021 (Estimated)
OptionableOptionable
$1.74
+0.05 (+2.96 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Blueknight Energy Partners (NASDAQ:BKEP) Frequently Asked Questions

How has Blueknight Energy Partners' stock price been impacted by Coronavirus?

Blueknight Energy Partners' stock was trading at $0.86 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BKEP stock has increased by 102.3% and is now trading at $1.74.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Blueknight Energy Partners?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blueknight Energy Partners in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Blueknight Energy Partners or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Blueknight Energy Partners?

Wall Street analysts have given Blueknight Energy Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Blueknight Energy Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Blueknight Energy Partners' next earnings date?

Blueknight Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
View our earnings forecast for Blueknight Energy Partners.

How were Blueknight Energy Partners' earnings last quarter?

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) posted its quarterly earnings data on Monday, November, 9th. The pipeline company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. Blueknight Energy Partners had a net margin of 6.48% and a negative return on equity of 7.10%.
View Blueknight Energy Partners' earnings history.

How often does Blueknight Energy Partners pay dividends? What is the dividend yield for Blueknight Energy Partners?

Blueknight Energy Partners declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.04 per share on Friday, November 13th. This represents a $0.16 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend is Monday, November 2nd.
View Blueknight Energy Partners' dividend history.

What price target have analysts set for BKEP?

1 analysts have issued twelve-month price objectives for Blueknight Energy Partners' shares. Their forecasts range from $2.00 to $2.00. On average, they expect Blueknight Energy Partners' stock price to reach $2.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Blueknight Energy Partners.

Are investors shorting Blueknight Energy Partners?

Blueknight Energy Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 29,200 shares, an increase of 139.3% from the October 31st total of 12,200 shares. Based on an average daily volume of 151,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
View Blueknight Energy Partners' Short Interest.

Who are some of Blueknight Energy Partners' key competitors?

Some companies that are related to Blueknight Energy Partners include Enbridge (ENB), Mplx (MPLX), Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and PBF Logistics (PBFX).
View all competitors.

What other stocks do shareholders of Blueknight Energy Partners own?

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).

Who are Blueknight Energy Partners' key executives?

Blueknight Energy Partners' management team includes the following people:
  • Mr. D. Andrew Woodward, Chief Exec. Officer of Blueknight Energy Partners G.P., L.L.C. (Age 38, Pay $736.84k)
  • Mr. Jeffery A. Speer, Chief Operating Officer of Blueknight Energy Partners G.P., L.L.C. (Age 53, Pay $498.68k)
  • Mr. Matthew R. Lewis, Chief Financial Officer of Blueknight Energy Partners G.P., L.L.C. (Age 34)
  • Mr. Michael G. McLanahan, Chief Accounting Officer of Blueknight Energy Partners G.P., L.L.C. (Age 37)
  • Mr. Joel W. Kanvik J.D., Chief Legal Officer & Sec. of Blueknight Energy Partners G.P., L.L.C. (Age 51)

What is Blueknight Energy Partners' stock symbol?

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

Who are Blueknight Energy Partners' major shareholders?

Blueknight Energy Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Zazove Associates LLC (6.31%). Company insiders that own Blueknight Energy Partners stock include D Andrew Woodward and Robert Howard Lampton.
View institutional ownership trends for Blueknight Energy Partners.

Which institutional investors are selling Blueknight Energy Partners stock?

BKEP stock was sold by a variety of institutional investors in the last quarter, including Zazove Associates LLC.
View insider buying and selling activity for Blueknight Energy Partners.

How do I buy shares of Blueknight Energy Partners?

Shares of BKEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Blueknight Energy Partners' stock price today?

One share of BKEP stock can currently be purchased for approximately $1.74.

How big of a company is Blueknight Energy Partners?

Blueknight Energy Partners has a market capitalization of $71.68 million and generates $371.07 million in revenue each year. Blueknight Energy Partners employs 270 workers across the globe.

What is Blueknight Energy Partners' official website?

The official website for Blueknight Energy Partners is www.bkep.com.

How can I contact Blueknight Energy Partners?

Blueknight Energy Partners' mailing address is 6060 AMERICAN PLAZA SUITE 600, TULSA OK, 74135. The pipeline company can be reached via phone at 918-237-4000 or via email at [email protected]

This page was last updated on 12/2/2020 by MarketBeat.com Staff
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