Brokerages Expect Blueknight Energy Partners L.P. (BKEP) Will Announce Earnings of -$0.02 Per Share

Equities analysts expect Blueknight Energy Partners L.P. (NASDAQ:BKEP) to post ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Blueknight Energy Partners L.P.’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at $0.04. Blueknight Energy Partners L.P. posted earnings of ($0.13) per share during the same quarter last year, which would suggest a positive year over year growth rate of 84.6%. The company is scheduled to report its next earnings report on Wednesday, May 3rd.

According to Zacks, analysts expect that Blueknight Energy Partners L.P. will report full-year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.09. For the next financial year, analysts anticipate that the business will post earnings of $0.10 per share, with EPS estimates ranging from ($0.04) to $0.19. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Blueknight Energy Partners L.P..

Blueknight Energy Partners L.P. (NASDAQ:BKEP) last released its earnings results on Wednesday, March 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.14. Blueknight Energy Partners L.P. had a negative net margin of 13.49% and a negative return on equity of 15.87%.

A number of brokerages recently commented on BKEP. Zacks Investment Research downgraded Blueknight Energy Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Thursday, March 16th. TheStreet raised Blueknight Energy Partners L.P. from a “sell” rating to a “hold” rating in a report on Monday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Blueknight Energy Partners L.P. presently has an average rating of “Hold” and a consensus target price of $7.36.

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Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded down 2.21% on Monday, hitting $6.65. The stock had a trading volume of 30,252 shares. Blueknight Energy Partners L.P. has a 12-month low of $4.71 and a 12-month high of $7.55. The company’s 50 day moving average price is $6.87 and its 200-day moving average price is $6.66. The company’s market cap is $253.73 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Terril Brothers Inc. increased its position in shares of Blueknight Energy Partners L.P. by 1.8% in the fourth quarter. Terril Brothers Inc. now owns 55,900 shares of the company’s stock worth $383,000 after buying an additional 1,000 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Blueknight Energy Partners L.P. by 28.5% in the third quarter. Wells Fargo & Company MN now owns 22,289 shares of the company’s stock worth $135,000 after buying an additional 4,950 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Blueknight Energy Partners L.P. by 20.0% in the fourth quarter. Brown Advisory Inc. now owns 30,000 shares of the company’s stock worth $205,000 after buying an additional 5,000 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Blueknight Energy Partners L.P. during the fourth quarter worth approximately $110,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Blueknight Energy Partners L.P. during the fourth quarter worth approximately $736,000. 61.81% of the stock is owned by hedge funds and other institutional investors.

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