Blueknight Energy Partners L.P. (BKEP) is Initiated by Janney to Neutral, Price Target at $6

Blueknight Energy Partners L.P. (BKEP) was Initiated by Janney to “Neutral” and the brokerage firm has set the Price Target at $6. Janney advised their investors in a research report released on May 19, 2016.

Blueknight Energy Partners L.P. opened for trading at $5.37 and hit $5.45 on the upside on Monday, eventually ending the session at $5.39, with a gain of 1.89% or 0.1 points. The heightened volatility saw the trading volume jump to 60,200 shares. Company has a market cap of $179 M.

In a different news, on Jan 7, 2016, Jeffrey A Speer (COO) purchased 1,179 shares at $0.00 per share price. According to the SEC, on Jan 7, 2016, Brian L Melton (VP PL Marketing & Business Dev) purchased 1,236 shares at $0.00 per share price. On Jan 7, 2016, Chris A Paul (Chief Legal Officer) purchased 1,751 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Blueknight Energy Partners L.P. is a master limited partnership company. The Company provides integrated terminalling storage gathering and transportation services for companies engaged in the production distribution and marketing of crude oil and liquid asphalt cement. It operates in four segments: crude oil terminalling and storage services which provides crude oil terminalling and storage services at its terminalling and storage facilities located in Oklahoma and Texas; crude oil pipeline services which owns and operates pipeline systems the Mid-Continent system the East Texas system and Eagle North system that gather crude oil purchased by its customers and transports it to refiners; crude oil trucking and producer field services which uses its owned and leased tanker trucks to gather crude oil for its customers and asphalt services which provides asphalt product and residual fuel terminalling storage and blending services at its terminalling and storage facilities.

Blueknight Energy Partners L.P.

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