BlueKnight Energy Partners LP - Update
Posted: Thu Jan 18, 2018 12:17 pm
BlueKnight has common units (BKEP) and preferred units (BKEPP).
If your #1 goal is high yield, then I recommend the preferred units that have a locked in yield of approximately 9.2% at today's unit price. The common units offer higher yield (~10.9%), but come with more risk. BKEP is now trading at $5.40/unit. On 12-8-2017 RBC Capital published a new report on the company, with a price target of $6.00.
First Call's target price is $6.80.
I have updated my forecast/valuation model for the MLP and posted it to the EPG website. You can find our recent profile on BKEP under the new "High Yield" tab.
If your #1 goal is high yield, then I recommend the preferred units that have a locked in yield of approximately 9.2% at today's unit price. The common units offer higher yield (~10.9%), but come with more risk. BKEP is now trading at $5.40/unit. On 12-8-2017 RBC Capital published a new report on the company, with a price target of $6.00.
First Call's target price is $6.80.
I have updated my forecast/valuation model for the MLP and posted it to the EPG website. You can find our recent profile on BKEP under the new "High Yield" tab.