Zacks: Brokerages Expect Blueknight Energy Partners LP (BKEP) to Announce -$0.13 EPS

Equities analysts expect that Blueknight Energy Partners LP (NASDAQ:BKEP) will announce ($0.13) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Blueknight Energy Partners’ earnings. Blueknight Energy Partners posted earnings per share of ($0.09) in the same quarter last year, which would indicate a negative year-over-year growth rate of 44.4%. The company is expected to announce its next quarterly earnings results on Wednesday, March 6th.

According to Zacks, analysts expect that Blueknight Energy Partners will report full year earnings of ($0.39) per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.07) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Blueknight Energy Partners.

Blueknight Energy Partners (NASDAQ:BKEP) last issued its quarterly earnings data on Wednesday, October 31st. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.11). The business had revenue of $133.16 million for the quarter, compared to analysts’ expectations of $52.92 million. Blueknight Energy Partners had a net margin of 0.83% and a negative return on equity of 2.01%.

Separately, Zacks Investment Research raised shares of Blueknight Energy Partners from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Monday, November 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2.88.

BKEP stock traded up $0.03 during trading on Friday, hitting $1.79. 153,677 shares of the company’s stock traded hands, compared to its average volume of 313,924. The firm has a market cap of $72.37 million, a price-to-earnings ratio of -19.91 and a beta of 0.83. Blueknight Energy Partners has a 1 year low of $1.06 and a 1 year high of $5.60.

Blueknight Energy Partners Company Profile

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company's Asphalt Terminalling Services segment offers asphalt terminalling services, including storage, blending, processing, and throughput services for asphalt product and residual fuel oil.

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