As volatility creeps into Blueknight Energy Partners, L.P. (NASDAQ:BKEP), investors need to pay close attention to to the factors affecting stock today as its shares are trading 6.34% or 0.084 points down from last closing price of $1.32, reaching $1.2363 at last check. The BKEP share price has dropped in 2 of the last 5 days and is up 20.01% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 268,575 shares, and in total 441475 shares valued at $545796 were seen changing hands compared with 172900 shares valued at $228228 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the BKEP stock.
Blueknight Energy Partners, L.P. (BKEP) shares have notched a 3-month gain of about 20.01%, but has still advanced 14.78% year to date. By comparison, the stock sank -44.42% over the past 12 months, while it jumped 1.54% over the 1 month. The company’s market cap is around $53.5M, with its short interest ratio standing at 1.35%.
In the current trading session for BKEP, the stock witnessed two major price actions, it rose to a high of $1.33 and was down as much as $1.2111 at one point. The high recorded is very low when compared to their 52-week high which is $1. The 52-week high is now at -50.55 distance from current price. Their recent low of $2.5 represents a 23.63% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for BKEP is $1.5, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Blueknight Energy Partners, L.P. earned $-1.62 per share in the trailing 12 months and has a P/E ratio of -0.76. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 22.07 and lower compared to the sector’s average of 15.59. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. BKEP also has P/S multiple of 0.11. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.41x.
The company recorded an interesting insider purchase transaction by the CEO on Sep 14, 2018. A Securities and Exchanges Commission filings show that Mark A Hurley bought a total of 20,394 BKEP shares that day for a sum of around $49,965. The filings show that the insider stake has now grown to 453,066 shares, currently worth $560,126. Blueknight Energy Partners, L.P. (BKEP) insiders have acquired 26,560 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded 26,560 shares in the business, which makes up 7.704% of 344,770 shares that were traded over a year. In the past 12 months, insiders have purchased 281,591 shares while the seller parted with 63,179 shares.
BKEP‘s last price was down -8.76% as compared to the average trading price of 50 days recorded at $1.35 while enlarging the period to 200 trading days, the average closing price was $1.29. At present, there are 40.53 million in the total number of common shares owned by the public and among those 1.64 million shares have been available to trade. The percentage of shares being held by the company management was 2.4% while institutions stake was 29.2%. The company has generated negative returns on equity over the last 12 months (-17.2%). It managed to keep its gross profit margin at 33.6% over the past 12 months.
When assessing the full upside of the BKEP stock, there is another set of technicals that should be looked into and considered. Its -2.77% decline from moving average of $1.27 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.86 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Blueknight Energy Partners, L.P. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $1 on shares of Blueknight Energy Partners, L.P. (NASDAQ:BKEP), which corresponds to 19.35% downside potential than its current market price of $1.2363 and implies potential despite the recent drop in the price. However, their current target price has fallen from $1 a month ago and is down handily from the consensus target of $2.6667 a quarter ago.
In the last five years, the EPS of the company has been roughly -43.4%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 4%. The revenue of the company has risen at an average annualized rate of about 14.6 over the last five years. The company recently recorded an increase of 12.7%, but this figure is rather attractive.