July 26, 2016 - 7:04 PM EDT
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Blueknight Energy Partners L.P. L.L.C. (BKEP) Climbs 1.47% Gain on July 26 to Lead Basic Materials Sector

Blueknight Energy Partners L.P. L.L.C. (BKEP) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on July 26, climbing 1.47% to wrap the day at $6.21 after closing the day prior at $6.12. Throughout the trading session, shares of BKEP rose as high as $6.5 and dipped as low as $6.15. Today's advance came with about 100,301 shares changing hands, compared to an average 30-day volume of 100,873 for Blueknight Energy Partners L.P. L.L.C.. The price is currently below the 30-day volume weighted average price of $6.26 for BKEP. The share appreciation today gives the company a market capitalization of $206.19 million based upon 33.2 million shares outstanding. It also means that BKEP has a price-to-book ratio of 2.62:1. In the past 52 weeks, shares of BKEP have traded as low as $3.8085 and as high as $7.39. Technical traders will take note that at $6.21, shares of BKEP are trading above their 200-day MA at $5.11 and above their 50-day MA at $5.34. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is BKEP? Blueknight Energy Partners LP provides integrated terminalling, storage, gathering and transportation services for companies engaged in the production, distribution and marketing of crude oil and liquid asphalt cement. The company’s 480 employees are led by CEO Mark A. Hurley from the corporate headquarters at 201 NW 10th in Oklahoma City, OK. For more information on BKEP and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (July 26, 2016 - 7:04 PM EDT)

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