RBC Capital analyst T J Schultz reiterated a Hold rating on Blueknight Energy (NASDAQ: BKEP) on July 13 and set a price target of $5. The company’s shares closed yesterday at $3.10, equals to its 52-week low of $3.10.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 20.9% and a 70.2% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enbridge Energy Management, EnLink Midstream Partners, and Andeavor Logistics LP.
Currently, the analyst consensus on Blueknight Energy is a Moderate Buy with an average price target of $4.50.
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The company has a one-year high of $6.25 and a one-year low of $3.10. Currently, Blueknight Energy has an average volume of 194.6K.
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BlueKnight Energy Partners LP engages in the provision of integrated terminalling, gathering, and transportation services. It operates through the following business segments; Asphalt Terminalling Services, Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, and Crude Oil Trucking and Producer Field Services.
