NEW YORK (TheStreet) -- Shares of JP Energy Partners LP 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. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "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 data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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