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: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Symbol: NASDAQ:PTXP
  • CUSIP: N/A
  • Web: www.penntex.com
Capitalization:
  • Market Cap: $810.21 million
  • Outstanding Shares: 40,714,000
Average Prices:
  • 50 Day Moving Avg: $17.28
  • 200 Day Moving Avg: $16.26
  • 52 Week Range: $14.24 - $19.95
P/E:
  • Trailing P/E Ratio: 77.13
  • Foreward P/E Ratio: 15.08
  • P/E Growth: 0.37
Sales & Book Value:
  • Annual Revenue: $76.78 million
  • Price / Sales: 10.55
  • Book Value: $5.21 per share
  • Price / Book: 3.82
Dividend:
  • Annual Dividend: $1.18
  • Dividend Yield: 5.9%
Profitability:
  • EBIDTA: $29.82 million
  • Net Margins: -0.27%
  • Return on Equity: -0.09%
  • Return on Assets: -0.05%
Debt:
  • Debt-to-Equity Ratio: 0.75%
  • Current Ratio: 6.57%
  • Quick Ratio: 5.98%
Misc:
  • Average Volume: 225,967 shs.
  • Beta: 0.94
  • Short Ratio: 0.4
 

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. Stockholders 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 5.93%. The ex-dividend date 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) issued its quarterly earnings data on Friday, May, 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.09. The company earned $17.60 million during the quarter, compared to the consensus estimate of $20 million. Penntex Midstream Partners LP had a negative return on equity of 0.09% and a negative net margin of 0.27%. View Penntex Midstream Partners LP's Earnings History.

When will Penntex Midstream Partners LP make its next earnings announcement?

Penntex Midstream Partners LP is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Penntex Midstream Partners LP.

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

9 equities research analysts have issued twelve-month price targets for Penntex Midstream Partners LP's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate Penntex Midstream Partners LP's share price to reach $18.25 in the next twelve months. View Analyst Ratings for Penntex Midstream Partners LP.

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

When did Penntex Midstream Partners LP IPO?

(PTXP) raised $226 million in an IPO on Thursday, June 4th 2015. The company issued 11,300,000 shares at a price of $19.00-$21.00 per share. Citigroup, Barclays, RBC Capital Markets and Wells Fargo Securities acted 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.

Who owns Penntex Midstream Partners LP stock?

Penntex Midstream Partners LP's stock is owned by many different of institutional and retail investors. Top institutional shareholders include ENERGY TRANSFER EQUITY, L.P. (65.58%), ENERGY TRANSFER EQUITY, L.P. (65.58%), OZ Management LP (4.02%), Whetstone Capital Advisors LLC (3.08%), Morgan Stanley (2.84%) and UBS Group AG (2.38%). Company insiders that own Penntex Midstream Partners LP stock include Energy Transfer Partners, LP, Kenneth E Hertel, Mrd Midstream Llc, Stephen M Moore and Steven R Jones. View Institutional Ownership Trends for Penntex Midstream Partners LP.

Who sold Penntex Midstream Partners LP stock? Who is selling Penntex Midstream Partners LP stock?

Penntex Midstream Partners LP's stock was sold by a variety of institutional investors in the last quarter, including HITE Hedge Asset Management LLC, Morgan Stanley, Credit Suisse AG, Goldman Sachs Group Inc., Atlantic Trust Group LLC and SG Americas Securities LLC. View Insider Buying and Selling for Penntex Midstream Partners LP.

Who bought Penntex Midstream Partners LP stock? Who is buying Penntex Midstream Partners LP stock?

Penntex Midstream Partners LP's stock was bought by a variety of institutional investors in the last quarter, including TPH Asset Management LLC, UBS Group AG, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Renaissance Technologies LLC, Chevy Chase Trust Holdings Inc. and Geode Capital Management LLC. Company insiders that have bought Penntex Midstream Partners LP stock in the last two years include Energy Transfer Partners, LP, Kenneth E Hertel, Stephen M Moore and Steven R Jones. View Insider Buying and Selling for Penntex Midstream Partners LP.

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.

How much does a share of Penntex Midstream Partners LP stock cost?

One share of Penntex Midstream Partners LP stock can currently be purchased for approximately $19.90.

Analyst Ratings

Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (?)
Ratings Breakdown: 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $18.25 (8.29% downside)

Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/22/2017Citigroup IncDowngradeBuy -> 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
5/10/2017Stifel NicolausReiterated RatingHold$15.00 -> $16.00LowView 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
3/30/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$22.00 -> $11.00N/AView Rating Details
1/15/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
6/29/2015Brean CapitalInitiated CoverageBuy$17.00N/AView Rating Details
(Data available from 5/27/2015 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
8/2/2017        
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:5.93%
Payout Ratio:513.07% (Trailing 12 Months of Earnings)
163.89% (Based on This Year's Estimates)
89.39% (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: 80.06%
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
streetinsider.com logoCiti Downgrades PennTex Midstream Partners, LP (PTXP) to Neutral Amid Tender Offer
www.streetinsider.com - May 23 at 9:47 AM
finance.yahoo.com logoPenntex Midstream Partners LP: Leads amongst peers with strong fundamentals
finance.yahoo.com - May 22 at 6:30 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Downgraded to "Neutral" at Citigroup Inc
www.americanbankingnews.com - May 22 at 9:38 AM
nasdaq.com logoEnergy Transfer Partners to Buy the Remaining PennTex Units
www.nasdaq.com - May 22 at 9:30 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Rating Lowered to Sector Perform at Royal Bank of Canada
www.americanbankingnews.com - May 20 at 11:21 AM
streetinsider.com logoRBC Capital Downgrades PennTex Midstream Partners, LP (PTXP) to Sector Perform
www.streetinsider.com - May 20 at 10:43 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Downgraded by Robert W. Baird
www.americanbankingnews.com - May 20 at 10:40 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
finance.yahoo.com logoPennTex’s Board of Directors to Review Unsolicited Tender Offer From Energy Transfer Partners
finance.yahoo.com - May 19 at 7:58 PM
finance.yahoo.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bullish Manner : PTXP-US : May 16, 2017
finance.yahoo.com - May 16 at 9:41 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - May 11 at 8:24 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Penntex Midstream Partners LP Lifted by SunTrust Banks (PTXP)
www.americanbankingnews.com - May 11 at 7:52 AM
americanbankingnews.com logoPenntex Midstream Partners' (PTXP) "Hold" Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - May 10 at 11:18 PM
americanbankingnews.com logoPenntex Midstream Partners LP to Post FY2017 Earnings of $1.03 Per Share, SunTrust Banks Forecasts (PTXP)
www.americanbankingnews.com - May 10 at 9:58 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 10 at 7:26 AM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) Receives Daily News Sentiment Score of 0.10
www.americanbankingnews.com - May 5 at 10:35 PM
seekingalpha.com logoEveryone Wants A Piece Of PennTex Midstream
seekingalpha.com - May 5 at 7:36 PM
finance.yahoo.com logoPenntex Midstream Partners LP – Value Analysis (NASDAQ:PTXP) : May 5, 2017
finance.yahoo.com - May 5 at 7:36 PM
finance.yahoo.com logoWhy ETP’s Midstream Segment Was Its Top Performer in 1Q17
finance.yahoo.com - May 5 at 8:23 AM
finance.yahoo.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bearish Manner : PTXP-US : May 4, 2017
finance.yahoo.com - May 4 at 7:36 PM
finance.yahoo.com logoPenntex Midstream misses Street 1Q forecasts
finance.yahoo.com - May 4 at 8:27 AM
finance.yahoo.com logoPenntex Midstream Partners LP : PTXP-US: Dividend Analysis : May 05th, 2017 (record date) : By the numbers : May 3, 2017
finance.yahoo.com - May 3 at 7:38 PM
finance.yahoo.com logoPennTex Midstream Partners, LP Reports First Quarter 2017 Results
finance.yahoo.com - May 3 at 7:38 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 3 at 11:36 AM
americanbankingnews.com logo Brokerages Anticipate Penntex Midstream Partners LP (PTXP) Will Post Quarterly Sales of $23.32 Million
www.americanbankingnews.com - April 29 at 7:58 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - April 28 at 12:50 AM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) Given News Sentiment Rating of 0.35
www.americanbankingnews.com - April 27 at 5:31 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Announces Dividend of $0.30
www.americanbankingnews.com - April 27 at 12:46 PM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) Receives Daily Coverage Optimism Rating of -0.06
www.americanbankingnews.com - April 21 at 9:18 PM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) Earns Daily Media Impact Rating of 0.19
www.americanbankingnews.com - April 18 at 9:17 PM
americanbankingnews.com logoRobert W. Baird Cuts Penntex Midstream Partners LP (PTXP) Price Target to $19.00
www.americanbankingnews.com - April 17 at 8:31 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 16 at 9:18 AM
americanbankingnews.com logoPenntex Midstream Partners (PTXP) Given News Impact Score of 0.31
www.americanbankingnews.com - April 15 at 4:51 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 12 at 7:31 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Lifted to Buy at Zacks Investment Research
www.americanbankingnews.com - April 12 at 7:14 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - April 8 at 10:28 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Penntex Midstream Partners LP (PTXP) Will Announce Quarterly Sales of $24.34 Million
www.americanbankingnews.com - April 8 at 8:50 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 7 at 5:54 PM
americanbankingnews.com logo$0.20 Earnings Per Share Expected for Penntex Midstream Partners LP (PTXP) This Quarter
www.americanbankingnews.com - April 6 at 8:22 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Director Acquires $6,440,000.00 in Stock
www.americanbankingnews.com - March 10 at 6:18 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
finance.yahoo.com logoEnergy Transfer Equity and Energy Transfer Partners File 2016 Annual Reports
finance.yahoo.com - February 24 at 8:36 PM
finance.yahoo.com logoEnergy Transfer to Construct Fifth Fractionation Facility at Mont Belvieu
finance.yahoo.com - February 23 at 8:42 AM
rttnews.com logoEARNINGS SUMMARY: Details of PennTex Midstream Partners, LP Q4 Earnings Report
www.rttnews.com - February 4 at 1:18 AM
finance.yahoo.com logoPennTex Midstream Partners, LP Announces Quarterly Cash Distribution
finance.yahoo.com - January 26 at 2:23 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

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Chart

Penntex Midstream Partners LP (PTXP) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff