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Jonathan P. Carroll, CEO and President of Blue Dolphin Energy CO (OTC:BDCO), purchased 4,221 shares of common stock on September 11, 2025, at a price of $1.42 per share, totaling $5993. The purchase comes as the stock trades near its 52-week low of $1.08, having declined about 69% over the past year. According to InvestingPro analysis, the company appears undervalued at its current market cap of $17.7 million.
Following the transaction, Carroll directly owns 4,125,000 shares of Blue Dolphin Energy CO. He also indirectly owns 8,475,000 shares through his ownership interest in Lazarus Energy Holdings, LLC. With revenue of $297.1 million in the last twelve months and an overall Financial Health score rated as ’FAIR’ by InvestingPro, investors can access 8 additional exclusive insights about BDCO’s performance and outlook through the platform.
In other recent news, Blue Dolphin Energy Company held its annual meeting of stockholders, where several key decisions were made. Shareholders elected five directors to the board, ensuring continuity in leadership until the next annual meeting. The directors elected include Jonathan P. Carroll, Amitav Misra, Christopher T. Morris, Ryan A. Bailey, and Herbert N. Whitney. Additionally, the selection of UHY LLP as the company’s independent public accounting firm was ratified for the fiscal year ending December 31, 2025. These developments indicate strategic steps taken by Blue Dolphin Energy to maintain its governance and financial oversight. The decision to retain UHY LLP suggests a continued focus on reliable financial reporting. The outcomes of the meeting reflect shareholder confidence in the current board and management team. These recent developments are essential for investors monitoring the company’s governance and financial strategies.
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