Published Sun, 27 May 2018 15:12:57 -0400 on Seeking Alpha
Blueknight Energy Partners (Nasdaq: BKEP) has been a good dividend stock since 2012 and the management has been extremely generous in paying out most of its distributable profits to the shareholders. If we look at the institutional shareholding of the stock, we see that there has been a recent sell-off which justifies the fall in the stock price.
The company’s fundamentals continue to be solid and it checks all the boxes for an ideal dividend stock in the long term. Our analysis of BKEP’s recent results and the management’s future strategy indicates that the current dip looks like an interesting opportunity for investors to enter and maximize their yield.
Company Overview BKEP provides terminalling, transportation, storage, trucking, and piping solutions for products such as crude oil and asphalt. Its main client base includes companies engaged in the production, distribution, and marketing of crude oil and liquid asphalt cement. BKEP is an Oklahoma-based company operating multiple crude oil pipelines which gather the crude oil purchased by its clients and supply it to refineries. It operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, and Crude Oil Trucking and Producer Field Services. The company is a little over a decade old and was founded in 2007 in Oklahoma City, OK.
A Strong Q1 Result Reassuring Us Of The Financial Stability BKEP recently announced the result of... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|BLUEKNIGHT ENERGY PARTNERS LP||1.76||0.0||0.00||0.32||18.93|
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