JP Energy Partners LP(JPEP) Declares Dividend of $0.3250.

JP Energy Partners LP (JPEP) had declared a cash dividend of $0.3250 on Jan 24, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 13.12%. The dividend payable date has been fixed on Feb 14, 2017.

JP Energy Partners LP (JPEP) shares turned negative on Tuesdays trading session with the shares closing down -0.32 points or -3.30% at a volume of 78,604. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.75. The peak price level was also seen at $9.75 while the days lowest was $9.28. Finally the shares closed at $9.38. The 52-week high of the shares is $10.58 while the 52-week low is $1.89. According to the latest information available, the market cap of the company is $344 M.

JP Energy Partners LP(JPEP) last announced its earnings results on Nov 7, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $122.81M. Analysts had an estimated revenue of $130.22M. Earnings per share were $-0.18. The reported EPS was above estimates by $0.06 or NaN%. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Patrick Joseph Welch (director officer ) purchased 5,000 shares at $7.46 per share price.Also, On Jan 22, 2016, Jason Patrick Barley (director officer ) sold 9,500 shares at $3.14 per share price.On Aug 17, 2015, Josh Sherman (director) purchased 3,000 shares at $9.10 per share price, according to the Form-4 filing with the securities and exchange commission.

JP Energy Partners LP (JP Energy Partners) 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.

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