November 16, 2016 - By Darrin Black · 0 Comments
JP Energy Partners LP (NYSE:JPEP) institutional sentiment decreased to 0.62 in 2016 Q2. Its down -0.19, from 0.81 in 2016Q1. The ratio dived, as 8 hedge funds increased or started new positions, while 13 reduced and sold equity positions in JP Energy Partners LP. The hedge funds in our partner’s database now hold: 10.31 million shares, down from 10.96 million shares in 2016Q1. Also, the number of hedge funds holding JP Energy Partners LP in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 10 Increased: 5 New Position: 3.
JP Energy Partners LP owns, operates, develops and acquires a portfolio of midstream energy assets. The company has a market cap of $291.60 million. The Firm provides midstream infrastructure solutions for the supply of crude oil, refined products and natural gas liquids in the United States. It currently has negative earnings. The Company’s divisions include crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales.
About 44,808 shares traded hands. JP Energy Partners LP (NYSE:JPEP) has risen 32.04% since April 14, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.
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.”
Arclight Capital Partners Llc holds 3.69% of its portfolio in JP Energy Partners LP for 3.67 million shares. Hite Hedge Asset Management Llc owns 526,946 shares or 1.81% of their US portfolio. Moreover, Whetstone Capital Advisors Llc has 0.57% invested in the company for 114,721 shares. The New York-based Geduld E E has invested 0.44% in the stock. Price Michael F, a New York-based fund reported 245,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $37,300 net activity.
Ratings analysis reveals 29% of JP Energy Partners LP’s analysts are positive. Out of 7 Wall Street analysts rating JP Energy Partners LP, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $6 while the high is $12. The stock’s average target of $7.67 is 0.26% above today’s ($7.65) share price. JPEP was included in 12 notes of analysts from August 11, 2015. The stock of JP Energy Partners LP (NYSE:JPEP) earned “Outperform” rating by RBC Capital Markets on Tuesday, August 11. RBC Capital Markets maintained the shares of JPEP in a report on Wednesday, November 11 with “Sector Perform” rating. The rating was maintained by Barclays Capital on Wednesday, November 11 with “Overweight”. The firm has “Neutral” rating by Piper Jaffray given on Friday, April 1. The firm earned “Equal-Weight” rating on Monday, May 16 by Stephens. As per Friday, August 14, the company rating was downgraded by Bank of America. Barclays Capital downgraded it to “Equal Weight” rating and $6 target price in Monday, January 11 report. The firm earned “Neutral” rating on Friday, September 9 by Bank of America. The company was downgraded on Tuesday, August 11 by Robert W. Baird. The rating was initiated by DA Davidson on Friday, October 7 with “Buy”.
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.
More notable 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 Businessinsider.com with their article: “Two oil pipeline companies are combining in a $2 billion deal” published on October 24, 2016, Seekingalpha.com published: “JP Energy Partners: A Mixed Message Merger” on October 28, 2016. More interesting news about JP Energy Partners LP (NYSE:JPEP) were released by: Seekingalpha.com and their article: “JP Energy Partners LP: This Is Not Your Mother’s Pipeline Investment” published on August 14, 2016 as well as Seekingalpha.com‘s news article titled: “JP Energy Partners’ (JPEP) CEO Patrick Barley on Q3 2016 Results – Earnings …” with publication date: November 09, 2016.
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By Darrin Black