JP Energy Partners LP (NYSE:JPEP) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 16, 2016
Yesterday JP Energy Partners LP (NYSE:JPEP) traded 1.39% higher at $7.78. The company’s 50-day moving average is $7.85 and its 200-day moving average is $7.22. With the last stock close up 1.35% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. Volume of trade was was down over the average, with 35,365 shares of JPEP changing hands under the typical 92,670 shares..
Zacks Investment Research has downgraded JP Energy Partners LP(NYSE:JPEP) to Sell in a report released Monday September 12 2016.
Recent Performance Graph:
Also covering JP Energy Partners LP’s price target, a total of 5 brokers have reported on the company. The consensus target price is $6.70 with one firm rating the stock a strong buy, 0 rating the company a buy, three firms rating the stock a hold, one analyst rating the stock to underperform, and lastly 0 firms rating the stock as sell.
With a market capitalization of $0.0, JP Energy Partners LP has a price-earnings of 0 with a one-year low of $1.89 and a one-year high of $10.08.
About JP Energy Partners LP (NYSE:JPEP)
JP Energy Partners LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure solutions for the supply of crude oil, refined products and natural gas liquids (NGLs) in the United States. The Company’s segments 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. Its 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. Its 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, and commercial and wholesale sale of NGLs and other refined products.
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