Penntex Midstream Partners LP Company Profile (NASDAQ:PTXP)

About Penntex Midstream Partners LP (NASDAQ:PTXP)

Penntex Midstream Partners LP logoPennTex Midstream Partners, LP, focuses on owning, operating, acquiring and developing midstream energy infrastructure assets in North America. The Company owns and operates midstream gathering, processing and transportation assets in northern Louisiana. The Company provides natural gas gathering and processing and residue gas and natural gas liquid (NGL) transportation services to producers focused on the Cotton Valley formation in northern Louisiana. The Company's assets primarily consisted of natural gas gathering pipeline, two 200 million cubic feet per day (MMcf/d) design-capacity cryogenic natural gas processing plants, and residue gas and NGL transportation pipelines, as of December 31, 2016. In addition to providing midstream services to its primary customer with its existing assets, the Company pursues other opportunities for organic development and growth as producers in its region continue to develop their acreage.

Industry, Sector and Symbol:
  • Sector: Energy
  • Industry: Oil & Gas Transportation Services
  • Sub-Industry: N/A
  • Symbol: NASDAQ:PTXP
  • CUSIP: N/A
  • Web: penntex.com/
Average Prices:
  • 200 Day Moving Avg: $18.08
  • 52 Week Range: $14.56 - $20.17
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.65
  • P/E Growth: 0.00
Profitability:
  • Net Margins: 34.54%
  • Return on Equity: 11.00%
  • Return on Assets: 5.81%
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 3.64%
  • Quick Ratio: 3.23%
Misc:
  • Beta: 1
 

Frequently Asked Questions for Penntex Midstream Partners LP (NASDAQ:PTXP)

What is Penntex Midstream Partners LP's stock symbol?

Penntex Midstream Partners LP trades on the NASDAQ under the ticker symbol "PTXP."

How often does Penntex Midstream Partners LP pay dividends? What is the dividend yield for Penntex Midstream Partners LP?

Penntex Midstream Partners LP declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.295 per share on Friday, May 12th. This represents a $1.18 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is an increase from Penntex Midstream Partners LP's previous quarterly dividend of $0.28. View Penntex Midstream Partners LP's Dividend History.

How were Penntex Midstream Partners LP's earnings last quarter?

Penntex Midstream Partners LP (NASDAQ:PTXP) announced its quarterly earnings results on Friday, May, 6th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.09. The business had revenue of $17.60 million for the quarter, compared to analyst estimates of $20 million. Penntex Midstream Partners LP had a return on equity of 11.00% and a net margin of 34.54%. View Penntex Midstream Partners LP's Earnings History.

Where is Penntex Midstream Partners LP's stock going? Where will Penntex Midstream Partners LP's stock price be in 2017?

7 analysts have issued 1 year price targets for Penntex Midstream Partners LP's stock. Their predictions range from $17.00 to $20.00. On average, they anticipate Penntex Midstream Partners LP's stock price to reach $19.17 in the next twelve months. View Analyst Ratings for Penntex Midstream Partners LP.

Who are some of Penntex Midstream Partners LP's key competitors?

Who are Penntex Midstream Partners LP's key executives?

Penntex Midstream Partners LP's management team includes the folowing people:

  • Matthew S. Ramsey J.D., Chairman of the Board, President, Chief Operating Officer
  • Kelcy L. Warren, Chief Executive Officer
  • Thomas E. Long, Chief Financial Officer, (Principal Financial Officer), Director
  • A. Troy Sturrock, Senior Vice President, Controller and Principal Accounting Officer
  • Stephen M. Moore, Vice President, General Counsel, Secretary
  • Thomas P. Mason, Director
  • Marshall S. McCrea III, Director
  • Robert W. Jordan, Independent Director
  • David C. Lawler, Independent Director
  • Richard S. Walker, Independent Director

When did Penntex Midstream Partners LP IPO?

(PTXP) raised $226 million in an initial public offering on Thursday, June 4th 2015. The company issued 11,300,000 shares at $19.00-$21.00 per share. Citigroup, Barclays, RBC Capital Markets and Wells Fargo Securities served as the underwriters for the IPO and Deutsche Bank Securities, J.P. Morgan, SunTrust Robinson Humphrey, Tudor, Pickering, Holt & Co., Raymond James, Baird, Stifel and Wunderlich were co-managers.

How do I buy Penntex Midstream Partners LP stock?

Shares of Penntex Midstream Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Penntex Midstream Partners LP's stock price today?

One share of Penntex Midstream Partners LP stock can currently be purchased for approximately $19.99.


MarketBeat Community Rating for Penntex Midstream Partners LP (NASDAQ PTXP)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  144 (Vote Underperform)
Total Votes:  302
MarketBeat's community ratings are surveys of what our community members think about Penntex Midstream Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $19.17 (4.12% downside)
Consensus Price Target History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Price Target History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/24/2017Stifel NicolausSet Price TargetHold$20.00LowView Rating Details
5/22/2017Citigroup Inc.DowngradeBuy -> Neutral$21.00 -> $20.00LowView Rating Details
5/19/2017Robert W. BairdDowngradeOutperform -> Neutral$19.00 -> $20.00HighView Rating Details
5/19/2017Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$19.00 -> $20.00HighView Rating Details
1/3/2017Deutsche Bank AGDowngradeBuy -> Hold$20.00 -> $17.00N/AView Rating Details
11/29/2016SunTrust Banks, Inc.DowngradeBuy -> Hold$20.00 -> $18.00N/AView Rating Details
11/17/2016Drexel HamiltonInitiated CoverageBuyN/AView Rating Details
8/4/2016WunderlichBoost Price TargetBuy$15.00 -> $17.00N/AView Rating Details
6/20/2016Barclays PLCDowngradeOverweight -> Equal Weight$13.00 -> $18.00N/AView Rating Details
5/17/2016Raymond James Financial, Inc.Reiterated RatingBuyN/AView Rating Details
4/1/2016JP Morgan CazenoveDowngradeOverweight -> Neutral$22.00 -> $11.00N/AView Rating Details
3/30/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$22.00 -> $11.00N/AView Rating Details
1/15/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 10/18/2015 forward)

Earnings

Earnings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Earnings by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)
Earnings History by Quarter for Penntex Midstream Partners LP (NASDAQ PTXP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/6/2016Q1$0.21$0.12$20.00 million$17.60 millionViewN/AView Earnings Details
2/25/2016Q4$0.24$0.17$19.44 million$19.07 millionViewListenView Earnings Details
11/6/2015Q3$0.07$0.09$9.94 million$11.23 millionViewN/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)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171$0.29$0.29$0.29
Q3 20171$0.30$0.30$0.30
Q4 20171$0.30$0.30$0.30
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Penntex Midstream Partners LP (NASDAQ:PTXP)
Most Recent Dividend:5/12/2017
Annual Dividend:$1.18
Dividend Yield:5.90%
Payout Ratio:472.02% (Trailing 12 Months of Earnings)
135.63% (Based on This Year's Estimates)
74.68% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)

Dividend History by Quarter for Penntex Midstream Partners LP (NASDAQ PTXP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/26/2017quarterly$0.306.94%5/3/20175/5/20175/12/2017
1/26/2017quarterly$0.307.42%2/3/20172/7/20172/14/2017
10/26/2016Quarterly$0.3011/3/201611/7/201611/14/2016
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 and Institutional Ownership History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Institutional Ownership Percentage: 55.01%
Insider Trades by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)
Institutional Ownership by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)
Insider Trades by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/8/2017Energy Transfer Partners, L.P.DirectorBuy400,000$16.10$6,440,000.00View SEC Filing  
11/1/2016Mrd Midstream LlcMajor ShareholderSell2,127,704$17.05$36,277,353.20View SEC Filing  
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

Headline Trends for Penntex Midstream Partners LP (NASDAQ:PTXP)
Latest Headlines for Penntex Midstream Partners LP (NASDAQ:PTXP)
Source:
DateHeadline
americanbankingnews.com logoContrasting Penntex Midstream Partners (PTXP) and Its Peers
www.americanbankingnews.com - October 17 at 4:08 AM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) vs. Its Rivals Critical Analysis
www.americanbankingnews.com - October 11 at 2:20 PM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) versus Its Competitors Critical Analysis
www.americanbankingnews.com - October 8 at 12:28 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - September 9 at 4:50 AM
americanbankingnews.com logoComparing Enbridge Energy Management (EEQ) & Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - September 6 at 12:24 PM
americanbankingnews.com logoAnalyzing EnLink Midstream (ENLC) & Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - August 27 at 6:20 AM
americanbankingnews.com logoPenntex Midstream Partners LP (NASDAQ:PTXP) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 15 at 4:32 AM
americanbankingnews.com logoHead to Head Survey: Penntex Midstream Partners (NASDAQ:PTXP) versus Targa Resources (TRGP)
www.americanbankingnews.com - August 11 at 4:48 PM
americanbankingnews.com logoPenntex Midstream Partners LP (NASDAQ:PTXP) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 21 at 9:27 AM
streetinsider.com logoEnergy Transfer Partners (ETP) Says Tender Offer for PennTex Midstream Partners (PTXP) Satisfies Non-Waivable Condition
www.streetinsider.com - June 22 at 8:59 AM
streetinsider.com logoCiti Downgrades PennTex Midstream Partners, LP (PTXP) to Neutral Amid Tender Offer
www.streetinsider.com - May 23 at 9:47 AM
nasdaq.com logoEnergy Transfer Partners to Buy the Remaining PennTex Units
www.nasdaq.com - May 22 at 9:30 AM
streetinsider.com logoRBC Capital Downgrades PennTex Midstream Partners, LP (PTXP) to Sector Perform
www.streetinsider.com - May 20 at 10:43 AM
streetinsider.com logoEnergy Transfer Partners (ETP) Announces Tender Offer to Purchase Common Units of PennTex Midstream Partners (PTXP)
www.streetinsider.com - May 19 at 7:58 PM
seekingalpha.com logoEveryone Wants A Piece Of PennTex Midstream
seekingalpha.com - May 5 at 7:36 PM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statement
biz.yahoo.com - February 28 at 4:22 PM
rttnews.com logoEARNINGS SUMMARY: Details of PennTex Midstream Partners, LP Q4 Earnings Report
www.rttnews.com - February 4 at 1:18 AM
zacks.com logoAbraxas Petroleum Prices Upsized Common Shares Offering
www.zacks.com - January 24 at 8:10 PM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - January 23 at 7:43 PM
thestreet.com logoPTXP Stock Crowded With Sellers
www.thestreet.com - December 7 at 12:03 AM
streetinsider.com logoUPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to Hold
www.streetinsider.com - December 7 at 12:03 AM
us.rd.yahoo.com logoPennTex Midstream Partners, LP downgraded by Stifel
us.rd.yahoo.com - December 6 at 7:02 PM
seekingalpha.com logoEnergy Transfer Partners' Results Drive Need For The SXL Merger
seekingalpha.com - November 22 at 11:32 AM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Changes in Control or Registrant
biz.yahoo.com - November 2 at 10:33 AM
biz.yahoo.com logoQ3 2016 Penntex Midstream Partners LP Earnings Release - Before Market Open
biz.yahoo.com - October 28 at 10:44 AM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement
biz.yahoo.com - October 28 at 10:44 AM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Other Events
biz.yahoo.com - October 25 at 12:05 PM
bizjournals.com logoDakota Access pipeline parent co. to buy interest in Houston midstream co. for $640M
www.bizjournals.com - October 25 at 12:05 PM

Social

Chart

Penntex Midstream Partners LP (PTXP) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.