Is Blueknight Energy Partners LP (NASDAQ:BKEP)’s Fuel Running High? Reports Show Less Sellers

October 6, 2017 - By Nellie Frank

 Is Blueknight Energy Partners LP (NASDAQ:BKEP)’s Fuel Running High? Reports Show Less Sellers

Investors sentiment increased to 1 in 2017 Q2. Its up 0.09, from 0.91 in 2017Q1. It improved, as 3 investors sold Blueknight Energy Partners L.P. shares while 9 reduced holdings. 4 funds opened positions while 8 raised stakes. 21.72 million shares or 0.77% less from 21.89 million shares in 2017Q1 were reported.
Nuveen Asset Mngmt Limited Co holds 0% or 42,372 shares in its portfolio. Cushing Asset Mngmt L P holds 0.58% in Blueknight Energy Partners L.P. (NASDAQ:BKEP) or 2.76M shares. Avalon Advsrs Lc reported 0% in Blueknight Energy Partners L.P. (NASDAQ:BKEP). Clearbridge Investments owns 0.02% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 3.28 million shares. Fic Cap accumulated 17,275 shares. Taurus Asset Mngmt Llc has 0.06% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 60,200 shares. Wells Fargo & Mn owns 17,304 shares. Toronto Dominion Savings Bank accumulated 0% or 1,580 shares. California Pub Employees Retirement Sys accumulated 89,764 shares or 0% of the stock. Geode Ltd Liability invested in 24,490 shares. 409,408 are owned by Morgan Stanley. Neuberger Berman Ltd Llc holds 0.05% in Blueknight Energy Partners L.P. (NASDAQ:BKEP) or 6.33 million shares. Terril Brothers has invested 0.12% in Blueknight Energy Partners L.P. (NASDAQ:BKEP). Manufacturers Life The invested in 0% or 2,302 shares. Glenmede Na has 0% invested in Blueknight Energy Partners L.P. (NASDAQ:BKEP) for 61,250 shares.

Since May 9, 2017, it had 3 insider buys, and 1 insider sale for $310,036 activity. $53,600 worth of Blueknight Energy Partners L.P. (NASDAQ:BKEP) was sold by Stallings Alex G. $230,972 worth of Blueknight Energy Partners L.P. (NASDAQ:BKEP) was bought by Lampton Robert Howard. $61,845 worth of stock was bought by Lampton William Walter on Wednesday, June 14.

The stock of Blueknight Energy Partners LP (NASDAQ:BKEP) registered a decrease of 0.63% in short interest. BKEP’s total short interest was 31,500 shares in October as published by FINRA. Its down 0.63% from 31,700 shares, reported previously. With 61,500 shares average volume, it will take short sellers 1 days to cover their BKEP’s short positions. The short interest to Blueknight Energy Partners LP’s float is 0.11%.

About 29,726 shares traded. Blueknight Energy Partners L.P. (NASDAQ:BKEP) has risen 36.27% since October 6, 2016 and is uptrending. It has outperformed by 19.57% the S&P500.

Blueknight Energy Partners, L.P. is a master limited partnership company. The company has market cap of $223.86 million. The Firm manages its activities through four divisions: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. It currently has negative earnings. Asphalt terminaling services segment activities generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) Ratings Coverage

Among 6 analysts covering Blueknight Energy (NASDAQ:BKEP), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Blueknight Energy had 10 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 22 by Suntrust Robinson. As per Friday, October 7, the company rating was initiated by DA Davidson. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, November 6 report. On Thursday, May 19 the stock rating was initiated by Janney Capital with “Neutral”. The company was maintained on Sunday, July 30 by RBC Capital Markets. The stock of Blueknight Energy Partners L.P. (NASDAQ:BKEP) earned “Buy” rating by SunTrust on Friday, July 22. Barclays Capital maintained it with “Underweight” rating and $6.0 target in Tuesday, August 11 report.

More notable recent Blueknight Energy Partners L.P. (NASDAQ:BKEP) news were published by: Nasdaq.com which released: “Blueknight Energy Partners LP, LLC (BKEP) Ex-Dividend Date Scheduled for May …” on May 02, 2017, also Nasdaq.com with their article: “Blueknight Energy Partners LP, LLC (BKEP) Ex-Dividend Date Scheduled for …” published on January 31, 2017, Seekingalpha.com published: “Blueknight Energy Partners Is Headed For Higher Grounds” on April 03, 2015. More interesting news about Blueknight Energy Partners L.P. (NASDAQ:BKEP) were released by: Businesswire.com and their article: “Blueknight Energy Partners to Present at EnerCom’s Oil and Gas Conference and …” published on August 10, 2017 as well as Businesswire.com‘s news article titled: “Blueknight Energy Partners, LP Announces the Startup of the Oklahoma Arbuckle …” with publication date: October 07, 2013.

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