JP Energy Partners LP Common un (NYSE:JPEP):
JP ENERGY SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of JP Energy Partners LP (JPEP) Over the Proposed Sale of the Company to American Midstream Partners, LP.
In the market the company is trading up from yesterday’s close of $8.14.
Additionally JP Energy Partners LP Common un recently announced a dividend that was paid on Friday the 12th of August 2016. The dividend payment was $0.325 per share for the quarter or $1.30 annualized. The dividend yield was $15.29. The ex-dividend date was Wednesday the 3rd of August 2016.
Shares of the company are trading at $8.20 which is just over $7.64, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $7.71. The 50 day moving average went up by +7.33% whereas the 200 day average was up by +6.38%.
In the last earnings report the EPS was $-1.64 and is estimated to be $-0.30 for the current year with 36,654,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.03 and the next full year EPS is anticipated to be $0.03.
Wall Street investment firms have provided guidance on the company. On October 7, 2016 starting coverage on the stock with a rating of “Buy”. Equity analyst DA Davidson started covering the stock giving it an initial rating of “Buy”.
On September 9 the company was upgraded to “Neutral” from “Underperform” by analysts at Bank of America. On May 16, 2016 the stock rating was changed to a “Equal-weight” in a report from Stephens & Co. a cut from the previous “” rating.
On April 1 analysts at Piper Jaffray began coverage with an initial rating of “Neutral”. Barclays lowered the price target and downgraded the stock on January 11 cutting the price target from $9.00 to $6.00 and changing the rating from “Overweight” to “Equal-weight”.