RBC Capital Reiterates Their Hold Rating on Blueknight Energy

By Jason Carr

In a report released yesterday, Elvira Scotto from RBC Capital reiterated a Hold rating on Blueknight Energy (NASDAQ: BKEP), with a price target of $8. The company’s shares opened today at $6.

According to TipRanks.com, Scotto is a top 25 analyst with an average return of 20.7% and a 70.6% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Blueknight Energy has an analyst consensus of Hold, with a price target consensus of $8.

The company has a one year high of $7.55 and a one year low of $5.62. Currently, Blueknight Energy has an average volume of 59.46K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BKEP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blueknight Energy Partners LP LLC engages in the provision of integrated terminalling, storage, gathering, and transportation services. It operates through the following segments: Asphalt Terminalling Services, Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, and Crude Oil Trucking and Producer Field Services.