BKEP Stock Overview
Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States.
Blueknight Energy Partners Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$4.53|
|52 Week High||US$4.60|
|52 Week Low||US$3.00|
|1 Month Change||0%|
|3 Month Change||36.45%|
|1 Year Change||19.21%|
|3 Year Change||287.18%|
|5 Year Change||-26.94%|
|Change since IPO||-84.55%|
Recent News & Updates
Blueknight Energy Partners Is Being Acquired By Ergon
Ergon is making a cash offer of $4.65 per common unit and $8.75 per Series A Preferred Unit. This appears to be a fair valuation based on Blueknight's expected 2022 adjusted EBITDA. Previous offers appeared to undervalue the common units. Support from only 28% of non-Ergon units is needed for the transaction to be approved. The closing date is expected to be in mid-2022 with an outside date of October 21.
|BKEP||US Oil and Gas||US Market|
Return vs Industry: BKEP underperformed the US Oil and Gas industry which returned 34.2% over the past year.
Return vs Market: BKEP exceeded the US Market which returned -18.8% over the past year.
|BKEP Average Weekly Movement||11.0%|
|Oil and Gas Industry Average Movement||8.8%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: BKEP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: BKEP's weekly volatility (11%) has been stable over the past year.
About the Company
Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States. As of March 1, 2022, it had 54 terminals located in 26 states. Blueknight Energy Partners G.P., L.L.C. operates as a general partner of Blueknight Energy Partners, L.P.
Blueknight Energy Partners Fundamentals Summary
|BKEP fundamental statistics|
Is BKEP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BKEP income statement (TTM)|
|Cost of Revenue||US$63.86m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||8.65%|
How did BKEP perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is BKEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BKEP?
Other financial metrics that can be useful for relative valuation.
|What is BKEP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BKEP's PE Ratio compare to its peers?
|BKEP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
USDP USD Partners
GPP Green Plains Partners
MMLP Martin Midstream Partners
DLNG Dynagas LNG Partners
BKEP Blueknight Energy Partners
Price-To-Earnings vs Peers: BKEP is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (8.8x).
Price to Earnings Ratio vs Industry
How does BKEP's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Earnings vs Industry: BKEP is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the US Oil and Gas industry average (11.9x)
Price to Earnings Ratio vs Fair Ratio
What is BKEP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.8x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BKEP's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of BKEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BKEP ($4.53) is trading below our estimate of fair value ($7.03)
Significantly Below Fair Value: BKEP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BKEP's PEG Ratio to determine if it is good value.
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How is Blueknight Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blueknight Energy Partners has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Check out Blueknight Energy Partners's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
How has Blueknight Energy Partners performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKEP has high quality earnings.
Growing Profit Margin: BKEP's current net profit margins (8.6%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: BKEP has become profitable over the past 5 years, growing earnings by 36.4% per year.
Accelerating Growth: BKEP's earnings growth over the past year (234.1%) exceeds its 5-year average (36.4% per year).
Earnings vs Industry: BKEP earnings growth over the past year (234.1%) exceeded the Oil and Gas industry 98.5%.
Return on Equity
High ROE: Whilst BKEP's Return on Equity (595.13%) is outstanding, this metric is skewed due to their high level of debt.
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How is Blueknight Energy Partners's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BKEP's short term assets ($12.4M) do not cover its short term liabilities ($18.2M).
Long Term Liabilities: BKEP's short term assets ($12.4M) do not cover its long term liabilities ($126.0M).
Debt to Equity History and Analysis
Debt Level: BKEP's net debt to equity ratio (1921.2%) is considered high.
Reducing Debt: BKEP's debt to equity ratio has reduced from 1961.4% to 1939% over the past 5 years.
Debt Coverage: BKEP's debt is well covered by operating cash flow (39.1%).
Interest Coverage: BKEP's interest payments on its debt are well covered by EBIT (8.4x coverage).
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What is Blueknight Energy Partners's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BKEP's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: BKEP's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Stability and Growth of Payments
Stable Dividend: BKEP's dividend payments have been volatile in the past 10 years.
Growing Dividend: BKEP's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.9%), BKEP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.3%), BKEP's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Woodward (38 yo)
Mr. D. Andrew Woodward, also known as Andy, serves as Chief Executive Officer of Blueknight Energy Partners G.P., L.L.C. at Blueknight Energy Partners, L.P. since June 22, 2020. He served as Interim Chief...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD1.50M) is about average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Andy's compensation has increased by more than 20% in the past year.
Experienced Management: BKEP's management team is considered experienced (3.2 years average tenure).
Experienced Board: BKEP's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Blueknight Energy Partners, L.P.'s employee growth, exchange listings and data sources
- Name: Blueknight Energy Partners, L.P.
- Ticker: BKEP
- Exchange: NasdaqGM
- Founded: 2007
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$195.287m
- Market Cap: US$189.749m
- Shares outstanding: 43.11m
- Website: https://www.bkep.com
Number of Employees
- Blueknight Energy Partners, L.P.
- 6060 American Plaza
- Suite 600
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.