Blueknight Energy Partners L.P. (BKEP) is Upgraded by SunTrust to Buy

Blueknight Energy Partners L.P. (BKEP) was Upgraded by SunTrust to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. SunTrust advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Blueknight Energy Partners L.P.. Janney Initiated Blueknight Energy Partners L.P. on May 19, 2016 to “Neutral”, Price Target of the shares are set at $6.

Blueknight Energy Partners L.P. opened for trading at $6.24 and hit $6.45 on the upside on Wednesday, eventually ending the session at $6.42, with a gain of 6.47% or 0.39 points. The heightened volatility saw the trading volume jump to 1,88,225 shares. Company has a market cap of $213 M.

In a different news, on Jul 7, 2016, Chris A Paul (Chief Legal Officer) purchased 1,169 shares at $0.00 per share price. According to the SEC, on Jul 6, 2016, Alex G Stallings (CFO) purchased 1,329 shares at $0.00 per share price. On Jul 6, 2016, Brian L Melton (VP PL Marketing & Business Dev) purchased 1,793 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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