One Reason JP Energy Partners (JPEP) Stock Finished Up Today

NEW YORK (TheStreet) -- Shares of JP Energy Partners LP (JPEP) closed up 2.41% to $17.88 after Barclays initiated coverage of the company with an "overweight" rating earlier on Tuesday.

The firm set the initial price target of $22 for crude oil, natural gas liquids, and refined products distribution and storage company.

Barclays said it assigned JP Energy Partners a positive initial rating and price target because the company offers stable cash flows, a valuation discount, and an attractive risk-reward value proposition.

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"Solid growth visibility, cash flow stability. JPEP has visible growth prospects from a $300-$400mm drop down inventory and strategically located assets in key production areas," said Barclays analyst Brian J. Zarahn.

JPEP Chart JPEP data by YCharts

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