NASDAQ:BKEP

Blueknight Energy Partners Stock Forecast, Price & News

$3.16
-0.02 (-0.63 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$3.14
Now: $3.16
$3.20
50-Day Range
$2.22
MA: $3.02
$3.72
52-Week Range
$0.95
Now: $3.16
$3.80
Volume172,151 shs
Average Volume419,646 shs
Market Capitalization$131.04 million
P/E RatioN/A
Dividend Yield5.06%
Beta2.21
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

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
Current SymbolNASDAQ:BKEP
CUSIPN/A
Phone918-237-4000
Employees270
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$371.07 million
Cash Flow$1.73 per share
Book Value($6.74) per share

Profitability

Net Income$18.41 million

Miscellaneous

Market Cap$131.04 million
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

Headlines

Earnings Preview: Blueknight Energy
March 8, 2021 |  finance.yahoo.com
Blueknight to Participate at Upcoming Investor Conferences
November 12, 2020 |  finance.yahoo.com
A Preview Of Blueknight Energy's Earnings
November 3, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.23 out of 5 stars

Oils/Energy Sector

202nd out of 668 stocks

Pipelines, Except Natural Gas Industry

17th out of 19 stocks

Analyst Opinion: 1.0Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
$3.16
-0.02 (-0.63 %)
(As of 04/16/2021 12:00 AM ET)
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Blueknight Energy Partners (NASDAQ:BKEP) Frequently Asked Questions

Is Blueknight Energy Partners a buy right now?

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. The consensus among Wall Street analysts is that investors should "hold" Blueknight Energy Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BKEP, but not buy additional shares or sell existing shares.
View analyst ratings for Blueknight Energy Partners
or view top-rated stocks.

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 past winning trading ideas 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.

Are investors shorting Blueknight Energy Partners?

Blueknight Energy Partners saw a increase in short interest in March. As of March 15th, there was short interest totaling 111,200 shares, an increase of 53.4% from the February 28th total of 72,500 shares. Based on an average daily volume of 487,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.
View Blueknight Energy Partners' Short Interest
.

When is Blueknight Energy Partners' next earnings date?

Blueknight Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Blueknight Energy Partners
.

How were Blueknight Energy Partners' earnings last quarter?

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) released its quarterly earnings data on Tuesday, March, 9th. The pipeline company reported $0.05 EPS for the quarter. The pipeline company had revenue of $29.81 million for the quarter. Blueknight Energy Partners had a negative trailing twelve-month return on equity of 7.10% and a net margin of 6.48%.
View Blueknight Energy Partners' earnings history
.

How has Blueknight Energy Partners' stock 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 shares have increased by 267.4% and is now trading at $3.16.
View which stocks have been most impacted by COVID-19
.

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

Blueknight Energy Partners announced a quarterly dividend on Tuesday, January 26th. Investors of record on Friday, February 5th will be given a dividend of $0.04 per share on Friday, February 12th. This represents a $0.16 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Thursday, February 4th.
View Blueknight Energy Partners' dividend history
.

Is Blueknight Energy Partners a good dividend stock?

Blueknight Energy Partners pays an annual dividend of $0.16 per share and currently has a dividend yield of 5.06%. BKEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Blueknight Energy Partners' dividend history.

What price target have analysts set for BKEP?

1 Wall Street analysts have issued 12-month price objectives for Blueknight Energy Partners' shares. Their forecasts range from $2.00 to $2.00. On average, they anticipate Blueknight Energy Partners' share price to reach $2.00 in the next year. This suggests that the stock has a possible downside of 36.7%.
View analysts' price targets for Blueknight Energy Partners
or view top-rated stocks among Wall Street analysts.

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 39, Pay $736.84k)
  • Mr. Jeffery A. Speer, Chief Operating Officer of Blueknight Energy Partners G.P., L.L.C. (Age 54, Pay $498.68k)
  • Mr. Matthew R. Lewis, Chief Financial Officer of Blueknight Energy Partners G.P., L.L.C. (Age 35)
  • Mr. Michael G. McLanahan, Chief Accounting Officer of Blueknight Energy Partners G.P., L.L.C. (Age 38)
  • Mr. Joel W. Kanvik J.D., Chief Legal Officer & Sec. of Blueknight Energy Partners G.P., L.L.C. (Age 52)

What is Mark Hurley's approval rating as Blueknight Energy Partners' CEO?

13 employees have rated Blueknight Energy Partners CEO Mark Hurley on Glassdoor.com. Mark Hurley has an approval rating of 79% among Blueknight Energy Partners' employees.

Who are some of Blueknight Energy Partners' key competitors?

What other stocks do shareholders of Blueknight Energy Partners own?

What is Blueknight Energy Partners' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Blueknight Energy Partners' stock price today?

One share of BKEP stock can currently be purchased for approximately $3.16.

How much money does Blueknight Energy Partners make?

Blueknight Energy Partners has a market capitalization of $131.04 million and generates $371.07 million in revenue each year.

How many employees does Blueknight Energy Partners have?

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.

Where are Blueknight Energy Partners' headquarters?

Blueknight Energy Partners is headquartered at 6060 AMERICAN PLAZA SUITE 600, TULSA OK, 74135.

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 4/16/2021 by MarketBeat.com Staff
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