Penntex Midstream Partners LP Company Profile (NASDAQ:PTXP)

About Penntex Midstream Partners LP

Penntex Midstream Partners LP logoPennTex Midstream Partners, LP focuses on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. The Company provides natural gas gathering and processing, and residue gas and natural gas liquids (NGL) transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation. Its assets include the Lincoln Parish plant, an approximately 200 million cubic feet per day (MMcf/d) design-capacity cryogenic natural gas processing plant located near Arcadia, Louisiana, and an approximately 40-mile natural gas liquid (NGL) pipeline that provides connections to the Mont Belvieu market for NGLs produced from its processing plants. PennTex Development is the parent company of the Company. Under its residue gas and NGL transportation agreements, it transports all of the residue gas and NGLs produced on behalf of Memorial Resource at its processing plants.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: PTXP
  • CUSIP:
Key Metrics:
  • Previous Close: $16.13
  • 50 Day Moving Average: $15.99
  • 200 Day Moving Average: $13.03
  • Trailing P/E Ratio: 36.87
  • Foreward P/E Ratio: 18.76
  • P/E Growth: 0.59
  • Market Cap: $638.52M
  • Outstanding Shares: 40,184,000
  • Beta: 1.08
Additional Links:
Companies Related to Penntex Midstream Partners LP:

Analyst Ratings

Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (?)
Ratings Breakdown: 4 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $14.90 (7.63% downside)

Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Show:
DateFirmActionRatingPrice TargetDetails
8/10/2016Citigroup Inc.Boost Price TargetBuy$18.00 -> $21.00View Rating Details
8/4/2016WunderlichBoost Price TargetBuy$15.00 -> $17.00View Rating Details
6/20/2016Barclays PLCDowngradeOverweight -> Equal Weight$13.00 -> $18.00View Rating Details
5/16/2016Robert W. BairdReiterated RatingBuyView Rating Details
5/17/2016Raymond James Financial Inc.Reiterated RatingBuyView Rating Details
5/9/2016Stifel NicolausBoost Price TargetBuy$11.00 -> $13.00View Rating Details
4/1/2016JP Morgan CazenoveDowngradeOverweight -> Neutral$22.00 -> $11.00View Rating Details
3/30/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$22.00 -> $11.00View Rating Details
3/10/2016Royal Bank Of CanadaLower Price TargetOutperform$16.00 -> $14.00View Rating Details
2/26/2016SunTrust Banks Inc.Lower Price TargetBuy$22.00 -> $12.00View Rating Details
1/15/2016Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
11/16/2015Deutsche Bank AGLower Price TargetBuy$22.00 -> $20.00View Rating Details
6/29/2015Brean CapitalInitiated CoverageBuy$17.00View Rating Details
(Data available from 8/26/2014 forward)

Earnings

Earnings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/4/2016        
8/4/2016Q2$0.16$0.13ViewN/AView Earnings Details
5/6/2016Q1$0.21$0.12$20.00 million$17.60 millionViewN/AView Earnings Details
2/25/2016Q4$0.24$0.17ViewListenView Earnings Details
11/6/2015Q3$0.07$0.09ViewN/AView Earnings Details
8/7/2015Q215($0.02)$0.07$3.26 million$2.70 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Penntex Midstream Partners LP (NASDAQ:PTXP)
Current Year EPS Consensus Estimate: $0.54 EPS
Next Year EPS Consensus Estimate: $0.86 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.16$0.16$0.16
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Penntex Midstream Partners LP (NASDAQ:PTXP)
Annual Dividend:$1.14
Dividend Yield:7.07%
Payout Ratio:223.53% (Based on Trailing 12 Months of Earnings)
211.11% (Based on Current Year Consensus EPS Estimate)
132.56% (Based on Next Year Consensus EPS Estimate)

Dividend History for Penntex Midstream Partners LP (NASDAQ:PTXP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2016$0.287/28/20168/1/20168/12/2016
4/21/2016Quarterly$0.284/28/20165/2/20165/13/2016
1/21/2016Quarterly$0.281/29/20162/2/20162/12/2016
10/23/2015Quarterly$0.2810/30/201511/3/201511/13/2015
7/23/2015$0.077/31/20158/4/20158/14/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/14/2015Stephen M MooreInsiderBuy1,500$16.94$25,410.00View SEC Filing  
8/13/2015Steven R JonesInsiderBuy8,000$16.57$132,560.00View SEC Filing  
6/9/2015Kenneth E HertelInsiderBuy2,000$20.00$40,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Penntex Midstream Partners LP (NASDAQ:PTXP)
DateHeadline
News IconAvoid This Sneaky MLP Tax (NASDAQ:PTXP)
www.investingdaily.com - August 18 at 7:10 PM
finance.yahoo.com logoPennTex Midstream Partners, LP to Participate in Citi MLP/Midstream Infrastructure Conference (NASDAQ:PTXP)
finance.yahoo.com - August 16 at 10:14 AM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bullish Manner : PTXP-US : August 16, 2016 (NASDAQ:PTXP)
www.capitalcube.com - August 16 at 10:14 AM
capitalcube.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:PTXP)
www.capitalcube.com - August 5 at 7:11 PM
finance.yahoo.com logoEdited Transcript of PTXP earnings conference call or presentation 4-Aug-16 1:00pm GMT (NASDAQ:PTXP)
finance.yahoo.com - August 5 at 10:00 AM
finance.yahoo.com logoPenntex Midstream misses 2Q profit forecasts (NASDAQ:PTXP)
finance.yahoo.com - August 4 at 10:10 AM
nasdaq.com logoPennTex Midstream Partners, LP Reports Second Quarter 2016 Results (NASDAQ:PTXP)
www.nasdaq.com - August 4 at 10:10 AM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bearish Manner : PTXP-US : August 3, 2016 (NASDAQ:PTXP)
www.capitalcube.com - August 3 at 7:22 PM
reuters.com logoBRIEF-Penntex Midstream Partners LP increases quarterly distribution (NASDAQ:PTXP)
www.reuters.com - July 22 at 6:49 PM
streetinsider.com logoPennTex Midstream Partners (PTXP) Declares $0.2846 Quarterly Dividend; 7% Yield (NASDAQ:PTXP)
www.streetinsider.com - July 22 at 6:49 PM
nasdaq.com logoPennTex Midstream Partners, LP Increases Quarterly Distribution (NASDAQ:PTXP)
www.nasdaq.com - July 22 at 6:49 PM
breakingfinancenews.com logoPennTex Midstream Partners LP (NASDAQ:PTXP) price target upped to $18 as disclosed today by Barclays Capital (NASDAQ:PTXP)
breakingfinancenews.com - June 23 at 7:35 PM
publicnow.com logoPennTex Midstream Partners, LP Announces Date for Second Quarter 2016 Earnings Conference Call (NASDAQ:PTXP)
www.publicnow.com - June 21 at 6:49 AM
News IconIOS 10 - All the big features you should know about (NASDAQ:PTXP)
portalemdia.com - June 16 at 11:12 AM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:PTXP)
biz.yahoo.com - June 15 at 6:07 AM
publicnow.com logoPennTex Midstream Partners, LP to Present at the 2016 MLP Investor Conference (NASDAQ:PTXP)
www.publicnow.com - May 31 at 6:42 AM
News IconTarget Check and Stock Performance Recap Penntex Midstream Partners LP (NASDAQ:PTXP) - Wall Street Hints and News (NASDAQ:PTXP)
hintsnewsnetwork.com - May 27 at 2:22 PM
News IconStock Rating Review for Penntex Midstream Partners LP (NASDAQ:PTXP) - Wall Street Hints and News (NASDAQ:PTXP)
hintsnewsnetwork.com - May 27 at 2:22 PM
capitalcube.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:PTXP)
www.capitalcube.com - May 12 at 11:29 AM
publicnow.com logoPennTex Midstream Partners, LP to Participate in Deutsche Bank MLP, Midstream & Natural Gas Conference (NASDAQ:PTXP)
www.publicnow.com - May 9 at 6:46 AM
4-traders.com logoPENNTEX MIDSTREAM PARTNERS, LP : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) (NASDAQ:PTXP)
www.4-traders.com - May 7 at 2:42 PM
seekingalpha.com logoPennTex Midstream Partners' (PTXP) CEO Thomas Karam on Q1 2016 Results - Earnings Call Transcript (NASDAQ:PTXP)
seekingalpha.com - May 7 at 2:42 PM
finance.yahoo.com logoEdited Transcript of PTXP earnings conference call or presentation 6-May-16 1:00pm GMT (NASDAQ:PTXP)
finance.yahoo.com - May 6 at 12:18 PM
biz.yahoo.com logoQ1 2016 Penntex Midstream Partners LP Earnings Release - Before Market Open (NASDAQ:PTXP)
biz.yahoo.com - May 6 at 7:07 AM
publicnow.com logoPennTex Midstream Partners, LP Reports First Quarter 2016 Results (NASDAQ:PTXP)
www.publicnow.com - May 6 at 6:44 AM
sg.finance.yahoo.com logoPenntex Midstream misses Street 1Q forecasts (NASDAQ:PTXP)
sg.finance.yahoo.com - May 6 at 6:39 AM
News IconPenntex Midstream Partners LP (NASDAQ:PTXP) Short Interest Decreased By 13.85% (NASDAQ:PTXP)
www.bibeypost.com - April 23 at 2:50 PM
publicnow.com logoPennTex Midstream Partners, LP Declares First Quarter 2016 Distribution (NASDAQ:PTXP)
www.publicnow.com - April 21 at 6:50 AM
publicnow.com logoPennTex Midstream Partners, LP Announces Date for First Quarter 2016 Earnings Conference Call (NASDAQ:PTXP)
www.publicnow.com - April 14 at 6:44 AM
News IconVenezuela's high court rejects amnesty law for opposition (NASDAQ:PTXP)
abruzzo.tv - April 12 at 2:51 PM
News IconCompany Shares of Summit Midstream Partners LP (NYSE:SMLP) Rally 5.13% (NASDAQ:PTXP)
wwntradio.com - April 6 at 2:46 PM
News IconMagellan Midstream and TransMontaigne mull refined products pipeline (NASDAQ:PTXP)
thedailycroton.com - April 6 at 2:46 PM
News IconSummit Midstream Partners LP (SMLP) Shares Sold by Atlantic Trust Group LLC (NASDAQ:PTXP)
gosporttimes.com - April 6 at 2:46 PM
News IconAtlantic Trust Group LLC Increases Position in Rice Midstream Partners LP (RMP) (NASDAQ:PTXP)
fayetteadvocate.com - April 6 at 2:46 PM
bilbaoya.com logoResearch Analysts' Recent Ratings Changes for EnLink Midstream Partners (ENLK) (NASDAQ:PTXP)
bilbaoya.com - April 5 at 2:31 PM
bilbaoya.com logoResearch Analysts' Recent Ratings Changes for EnLink Midstream Partners (ENLK) (NASDAQ:PTXP)
bilbaoya.com - April 5 at 2:31 PM
News IconPatrick Kane reaches 100 points this season after hat trick (NASDAQ:PTXP)
ecommerce-journal.com - April 4 at 2:24 PM
News IconHow Analysts Rated Enable Midstream Partners LP (NYSE:ENBL) Last Week? (NASDAQ:PTXP)
vyatkaarbat.ru - April 4 at 2:24 PM
News IconMagellan Midstream Partners, LP's (MMP) Underperform Rating Reiterated at Credit Suisse (NASDAQ:PTXP)
equilibrioinformativo.com - April 4 at 2:24 PM
News IconPenntex Midstream Partners LP (PTXP) Lowered to "Neutral" at JP Morgan Cazenove (NASDAQ:PTXP)
wingatewire.com - April 2 at 2:36 PM
News IconEnLink Midstream Partners LP (ENLK) Trading 3.7% Higher After Analyst Upgrade (NASDAQ:PTXP)
www.huewire.com - March 31 at 2:38 PM
News IconAzure Midstream Partners, LP Common Units Limited Partnership (NYSE:AZUR) (NASDAQ:PTXP)
quadrangleonline.com - March 31 at 2:38 PM
News IconBrokerage Firm Rating on Antero Midstream Partners LP (NASDAQ:PTXP)
www.tjcnewspaper.com - March 31 at 2:38 PM
News IconWere Analysts Bullish Penntex Midstream Partners LP (NASDAQ:PTXP) This Week? (NASDAQ:PTXP)
la-kabylie.com - March 28 at 2:48 PM
News IconHow Many Rice Midstream Partners LP (NYSE:RMP)'s Analysts Are Bullish? (NASDAQ:PTXP)
senegal-actu.com - March 23 at 1:50 PM
bilbaoya.com logoWill Penntex Midstream Partners LP (NASDAQ:PTXP) Surprise Analysts This Quarter? (NASDAQ:PTXP)
bilbaoya.com - March 5 at 12:55 PM
finance.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Financials (NASDAQ:PTXP)
finance.yahoo.com - March 4 at 1:04 PM
News IconHow Analysts Feel About Summit Midstream Partners LP After Today's Huge Increase? (NASDAQ:PTXP)
abruzzo.tv - March 2 at 1:25 PM
finance.yahoo.com logoPennTex Midstream Partners, LP to Participate in Barclays MLP Corporate Access Day (NASDAQ:PTXP)
finance.yahoo.com - February 29 at 8:00 AM
capitalcube.com logoPenntex Midstream Partners LP Earnings Analysis: 2015 By the Numbers (NASDAQ:PTXP)
www.capitalcube.com - February 26 at 9:28 AM

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Penntex Midstream Partners LP (NASDAQ:PTXP) Chart for Friday, August, 26, 2016


Last Updated on 8/26/2016 by MarketBeat.com Staff