A statement released earlier today by DA Davidson about Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units (NASDAQ:BKEPP) bumps the target price to $7.00
- Updated: October 7, 2016
Having a price of $8.00, Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units (NASDAQ:BKEPP) traded 1.14% higher on the day. The last closing price is up 9.33% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units has recorded a 50-day average of $7.90 and a two hundred day average of $7.32. Trade Volume was down over the average, with 4,395 shares of BKEPP changing hands under the typical 39,017
DA Davidson raised the target price of Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units (NASDAQ:BKEPP) to $7.00 indicating a possible downside of -0.12%.
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Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units has 52 week low of $5.71 and a 52 week high of $8.75 and has a market cap of $0.
More About Blueknight Energy Partners L.P., L.L.C. – Series A Preferred Units (NASDAQ:BKEPP)
Blueknight Energy Partners, L.P. provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. Its Asphalt Terminalling Services segment offers asphalt product and residual fuel oil storage services that enable its customers to manage their asphalt product storage, processing, and marketing activities. As of March 3, 2016, this segment had 45 terminals located in 23 states. The companyÂ’s Crude Oil Terminalling and Storage Services segment offers oil terminalling facilities and storage tanks with approximately 7.4 million barrels of storage capacity to manage its customerÂ’s crude oil inventories and enhance flexibility in their marketing and operating activities. Its Crude Oil Pipeline Services segment owns and operates crude oil transportation system in the Mid-Continent region of the United States with a combined length of approximately 515 miles; and a 220 mile tariff-regulated crude oil gathering and transportation pipeline in the Longview, Texas, as well as Eagle North system in the Mid-Continent region of the United States with a length of approximately 250 miles. The companyÂ’s Crude Oil Trucking and Producer Field Services segment offers crude oil producer field services comprising gathering condensates from natural gas companies and hauling produced water to disposal wells. This segment owns or leases 152 tanker trucks to gather crude oil in Kansas, Oklahoma, Texas, New Mexico, and Colorado. Blueknight Energy Partners G.P., L.L.C. operates as a general partner of the company. The company was formerly known as SemGroup Energy Partners, L.P. and changed its name to Blueknight Energy Partners, L.P. in December 2009. Blueknight Energy Partners, L.P. was founded in 2007 and is headquartered in Oklahoma City, Oklahoma.
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