Blueknight Energy Partners (NASDAQ:BKEP) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Shares of Blueknight Energy Partners, L.P. (NASDAQ:BKEP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.04. Blueknight Energy Partners shares last traded at $4.00, with a volume of 75,921 shares trading hands.

The company has a market cap of $165.04 million, a price-to-earnings ratio of 4.06 and a beta of 2.39. The firm’s 50 day moving average price is $3.56.

Blueknight Energy Partners (NASDAQ:BKEP) last posted its earnings results on Tuesday, May 4th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Blueknight Energy Partners had a negative return on equity of 10.62% and a net margin of 34.77%. The business had revenue of $27.08 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Friday, May 7th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 4.02%.

A number of hedge funds and other institutional investors have recently modified their holdings of BKEP. Private Advisor Group LLC acquired a new stake in Blueknight Energy Partners during the 1st quarter valued at approximately $32,000. Capital Asset Advisory Services LLC acquired a new stake in Blueknight Energy Partners during the 4th quarter valued at approximately $79,000. Citigroup Inc. grew its stake in Blueknight Energy Partners by 53,912.3% during the 1st quarter. Citigroup Inc. now owns 30,787 shares of the pipeline company’s stock valued at $100,000 after purchasing an additional 30,730 shares in the last quarter. Jane Street Group LLC grew its position in shares of Blueknight Energy Partners by 114.8% in the 1st quarter. Jane Street Group LLC now owns 42,799 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 22,872 shares in the last quarter. Finally, Blackstone Group Inc. acquired a new position in shares of Blueknight Energy Partners in the 1st quarter worth approximately $365,000. Hedge funds and other institutional investors own 29.15% of the company’s stock.

About Blueknight Energy Partners (NASDAQ:BKEP)

Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States. As of March 4, 2021, it had 53 terminals located in 26 states. Blueknight Energy Partners G.P., LLC operates as a general partner of the company.

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