JP Energy Partners LP (NASDAQ:JPEP) announced a quarterly dividend on Wednesday, January 27th, MarketBeat Ratings reports. Stockholders of record on Friday, February 5th will be given a dividend of 0.325 per share on Friday, February 12th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 29.82%. The ex-dividend date of this dividend is Wednesday, February 3rd.

Shares of JP Energy Partners (NASDAQ:JPEP) opened at 4.36 on Thursday. The stock has a market cap of $159.54 million and a PE ratio of 68.12. JP Energy Partners has a 52 week low of $2.70 and a 52 week high of $15.52. The company’s 50-day moving average is $4.44 and its 200 day moving average is $7.39.

JP Energy Partners (NASDAQ:JPEP) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. The business had revenue of $259.60 million for the quarter, compared to the consensus estimate of $281.85 million. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. The business’s revenue was down 39.4% compared to the same quarter last year. Analysts forecast that JP Energy Partners will post ($0.34) earnings per share for the current fiscal year.

In other JP Energy Partners news, insider Jason Patrick Barley sold 9,500 shares of the firm’s stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $3.07, for a total transaction of $29,165.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of analysts have recently commented on the stock. RBC Capital cut their target price on shares of JP Energy Partners from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 11th. Barclays cut shares of JP Energy Partners from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $9.00 to $6.00 in a research note on Monday, January 11th. Finally, Zacks Investment Research raised shares of JP Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, December 2nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.00.

JP Energy Partners LP (NASDAQ:JPEP) owns, operates, develops and acquires a portfolio of midstream energy assets in the United States. The Company operates through four segments: Crude Oil Pipelines and Storage, Crude Oil Supply and Logistics, Refined Product Terminals and Storage, and NGL Distribution and Sales. The Company’s crude oil businesses are situated in areas, including the Permian Basin, Mid-Continent and Eagle Ford shale. The Crude Oil Supply and Logistics segment manages the physical movement of crude oil origination to final destination. The Refined Product Terminals and Storage segment consists of two refined products terminals located in North Little Rock, Arkansas and Caddo Mills, Texas. The NGL Distribution and Sales segment includes its propane cylinder exchange business and the retail, commercial and wholesale sale of NGLs and other refined products. The Company markets its propane cylinder exchange business under the Pinnacle Propane Express.

12 Month Chart for NASDAQ:JPEP

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