Notable Mover: Could JP Energy Partners LP Change Direction After Today’s Huge Increase?

Notable Mover: Could JP Energy Partners LP Change Direction After Today's Huge Increase?

The stock of JP Energy Partners LP (NYSE:JPEP) is a huge mover today! The stock increased 4.94% or $0.4 on November 23, hitting $8.5. About 181,724 shares traded hands or 0.91% up from the average. JP Energy Partners LP (NYSE:JPEP) has risen 19.21% since April 22, 2016 and is uptrending. It has outperformed by 13.81% the S&P500.
The move comes after 8 months positive chart setup for the $317.46M company. It was reported on Nov, 24 by Barchart.com. We have $8.84 PT which if reached, will make NYSE:JPEP worth $12.70M more.

Analysts await JP Energy Partners LP (NYSE:JPEP) to report earnings on March, 6. They expect $-0.11 earnings per share, up 78.85% or $0.41 from last year’s $-0.52 per share. After $-0.18 actual earnings per share reported by JP Energy Partners LP for the previous quarter, Wall Street now forecasts -38.89% EPS growth.

JP Energy Partners LP (NYSE:JPEP) Ratings Coverage

Out of 7 analysts covering JP Energy Partners LP (NYSE:JPEP), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. JP Energy Partners LP has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, August 11 by RBC Capital Markets. The stock of JP Energy Partners LP (NYSE:JPEP) has “Buy” rating given on Friday, October 7 by DA Davidson. The company was maintained on Wednesday, November 11 by Barclays Capital. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, August 11. The stock of JP Energy Partners LP (NYSE:JPEP) earned “Equal-Weight” rating by Stephens on Monday, May 16. The rating was downgraded by Bank of America to “Underperform” on Friday, August 14. Barclays Capital downgraded the shares of JPEP in a report on Monday, January 11 to “Equal Weight” rating. Piper Jaffray reinitiated JP Energy Partners LP (NYSE:JPEP) on Friday, April 1 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, November 11. The stock of JP Energy Partners LP (NYSE:JPEP) has “Neutral” rating given on Friday, September 9 by Bank of America.

According to Zacks Investment Research, “JP Energy Partners LP owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company’s operations consist of four business segments: crude oil pipelines and storage; crude oil supply and logistics; refined products terminals and storage; NGL distribution and sales. It serves crude oil refineries, oil product distributors, and end consumers throughout the United States and internationally. JP Energy Partners LP is headquartered in Irving, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.58 in Q2 2016. Its down 0.04, from 0.62 in 2016Q1. The ratio dived, as 3 funds sold all JP Energy Partners LP shares owned while 10 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 10.31 million shares or 5.91% less from 10.96 million shares in 2016Q1.
Goldman Sachs Gp holds 0% or 347,872 shares in its portfolio. Ing Groep Nv reported 30,758 shares or 0% of all its holdings. Allen Invest Mgmt Limited Liability Company holds 0.04% of its portfolio in JP Energy Partners LP (NYSE:JPEP) for 61,909 shares. The California-based California Public Employees Retirement Sys has invested 0% in JP Energy Partners LP (NYSE:JPEP). Renaissance Techs Ltd holds 0% of its portfolio in JP Energy Partners LP (NYSE:JPEP) for 28,800 shares. Deutsche National Bank Ag holds 0% or 31,190 shares in its portfolio. Gsa Capital Limited Liability Partnership reported 24,648 shares or 0.01% of all its holdings. Bancorp Of America Corporation De accumulated 0% or 457 shares. Toronto Dominion Bancorp last reported 0% of its portfolio in the stock. Hite Hedge Asset Management Limited Liability Com holds 526,946 shares or 1.81% of its portfolio. Credit Suisse Ag accumulated 0% or 31,560 shares. Springbok Mgmt Ltd Llc holds 0.08% of its portfolio in JP Energy Partners LP (NYSE:JPEP) for 71,094 shares. Moreover, Jpmorgan Chase And has 0% invested in JP Energy Partners LP (NYSE:JPEP) for 7,580 shares. Creative Planning last reported 1,044 shares in the company. Whetstone Cap Advsrs Lc has invested 0.57% of its portfolio in JP Energy Partners LP (NYSE:JPEP).

More important recent JP Energy Partners LP (NYSE:JPEP) news were published by: Businesswire.com which released: “JP Energy Partners LP Announces Third Quarter 2016 Financial Results” on November 07, 2016, also Streetinsider.com published article titled: “American Midstream Partners (AMID), JP Energy Partners (JPEP) Enter ~$2B …”, Seekingalpha.com published: “JP Energy Partners LP: This Is Not Your Mother’s Pipeline Investment” on August 14, 2016. More interesting news about JP Energy Partners LP (NYSE:JPEP) was released by: Seekingalpha.com and their article: “JP Energy Partners: A Mixed Message Merger” with publication date: October 28, 2016.

JPEP Company Profile

JP Energy Partners LP, incorporated on May 5, 2010, owns, operates, develops and acquires a portfolio of midstream energy assets. The Firm provides midstream infrastructure solutions for the supply of crude oil, refined products and natural gas liquids (NGLs) in the United States. The Company’s divisions include crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. The Company’s crude oil businesses are situated in areas, including the Permian Basin and Eagle Ford shale. The Company’s crude oil pipelines and storage segment manages the physical movement of crude oil from origination to final destination through its network of owned and leased assets. The Company’s refined product terminals and storage segment consists of approximately two refined products terminals located in North Little Rock, Arkansas and Caddo Mills, Texas. The Company’s NGL distribution and sales segment involves the retail, commercial and wholesale sale of NGLs and other refined products.

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