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 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
  • Exchange: NASDAQ
  • Symbol: PTXP
  • CUSIP:
Key Metrics:
  • Previous Close: $16.00
  • 50 Day Moving Average: $15.76
  • 200 Day Moving Average: $16.18
  • 52-Week Range: $8.91 - $18.00
  • Trailing P/E Ratio: 70.48
  • Foreward P/E Ratio: 14.37
  • P/E Growth: 0.25
  • Market Cap: $651.42M
  • Outstanding Shares: 40,714,000
  • Beta: 0.94
Profitability:
  • 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%
Additional Links:
Companies Related to Penntex Midstream Partners LP:

Analyst Ratings

Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (?)
Ratings Breakdown: 6 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $16.09 (0.88% upside)

Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Show:
DateFirmActionRatingPrice TargetDetails
1/3/2017Deutsche Bank AGDowngradeBuy -> Hold$20.00 -> $17.00View Rating Details
12/7/2016Robert W. BairdReiterated RatingOutperform$23.00View Rating Details
12/6/2016Stifel NicolausDowngradeBuy -> Hold$18.00 -> $15.00View Rating Details
11/29/2016SunTrust Banks, Inc.DowngradeBuy -> Hold$20.00 -> $18.00View Rating Details
11/17/2016Drexel HamiltonInitiated CoverageBuyView Rating Details
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
5/17/2016Raymond James Financial, Inc.Reiterated RatingBuyView Rating Details
4/1/2016JP Morgan CazenoveDowngradeOverweight -> Neutral$22.00 -> $11.00View Rating Details
3/30/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$22.00 -> $11.00View Rating Details
3/10/2016Royal Bank of CanadaLower Price TargetOutperform$16.00 -> $14.00View Rating Details
1/15/2016Wells Fargo & CoDowngradeOutperform -> Market PerformView Rating Details
6/29/2015Brean CapitalInitiated CoverageBuy$17.00View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017        
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: $0.82 EPS
Next Year EPS Consensus Estimate: $1.11 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:$1.18
Dividend Yield:7.40%
Payout Ratio:513.07% (Based on Trailing 12 Months of Earnings)
143.90% (Based on Current Year Consensus EPS Estimate)
106.31% (Based on Next Year Consensus EPS Estimate)

Dividend History for Penntex Midstream Partners LP (NASDAQ:PTXP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Institutional Ownership Percentage: 80.06%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Penntex Midstream Partners LP (NASDAQ:PTXP)
DateHeadline
finance.yahoo.com logoEnergy Transfer Equity and Energy Transfer Partners File 2016 Annual Reports (NASDAQ:PTXP)
finance.yahoo.com - February 24 at 8:36 PM
finance.yahoo.com logoEnergy Transfer to Construct Fifth Fractionation Facility at Mont Belvieu (NASDAQ:PTXP)
finance.yahoo.com - February 23 at 8:42 AM
capitalcube.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: Q4, 2016 By the Numbers : February 15, 2017 (NASDAQ:PTXP)
www.capitalcube.com - February 16 at 6:59 PM
News IconRice Midstream Partners LP (RMP) Cut to "C+" at TheStreet (NASDAQ:PTXP)
hoyentv.com - February 10 at 3:11 AM
capitalcube.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: 2016 By the Numbers : February 9, 2017 (NASDAQ:PTXP)
www.capitalcube.com - February 9 at 10:10 PM
rttnews.com logoEARNINGS SUMMARY: Details of PennTex Midstream Partners, LP Q4 Earnings Report (NASDAQ:PTXP)
www.rttnews.com - February 4 at 1:18 AM
sg.finance.yahoo.com logoPenntex Midstream reports 4Q loss (NASDAQ:PTXP)
sg.finance.yahoo.com - February 3 at 8:17 PM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bearish Manner : PTXP-US : January 31, 2017 (NASDAQ:PTXP)
www.capitalcube.com - January 31 at 9:18 PM
News IconAs QEP Midstream Partners, LP Trades Do Analysts Recommend You Sell? (NASDAQ:PTXP)
xboxonezone.com - January 29 at 12:32 AM
finance.yahoo.com logoPennTex Midstream Partners, LP Announces Quarterly Cash Distribution (NASDAQ:PTXP)
finance.yahoo.com - January 26 at 2:23 AM
zacks.com logoAbraxas Petroleum Prices Upsized Common Shares Offering (NASDAQ:PTXP)
www.zacks.com - January 24 at 8:10 PM
4-traders.com logoPENNTEX MIDSTREAM PARTNERS, LP : Change in Directors or Principal Officers (form 8-K) (NASDAQ:PTXP)
www.4-traders.com - January 23 at 7:43 PM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:PTXP)
biz.yahoo.com - January 23 at 7:43 PM
capitalcube.com logoPenntex Midstream Partners LP – Value Analysis (NASDAQ:PTXP) : January 19, 2017 (NASDAQ:PTXP)
www.capitalcube.com - January 20 at 6:21 AM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bullish Manner : PTXP-US : January 18, 2017 (NASDAQ:PTXP)
www.capitalcube.com - January 18 at 8:23 AM
capitalcube.com logoPenntex Midstream Partners LP : PTXP-US: Dividend Analysis : November 07th, 2016 (record date) : By the numbers : January 6, 2017 (NASDAQ:PTXP)
www.capitalcube.com - January 6 at 8:08 PM
marketexclusive.com logoAnalyst Downgrades – PennTex Midstream Partners, LP (NASDAQ:PTXP) Stock Gets Downgraded By Deutsche Bank AG from Buy to Hold (NASDAQ:PTXP)
marketexclusive.com - January 4 at 12:05 AM
News IconNext Weeks Broker Price Targets For PennTex Midstream Partners, LP (NASDAQ:PTXP) (NASDAQ:PTXP)
baddgoddess.com - January 2 at 7:10 PM
News IconInvestor Monitor: Narrowing in on CONE Midstream Partners LP (NYSE:CNNX) (NASDAQ:PTXP)
larampadinapoli.com - December 29 at 8:56 AM
News IconMagellan Midstream Partners LP (NYSE:MMP) Ratings in Focus (NASDAQ:PTXP)
itapunta.com - December 14 at 8:18 AM
thestreet.com logoPTXP Stock Crowded With Sellers (NASDAQ:PTXP)
www.thestreet.com - December 7 at 12:03 AM
streetinsider.com logoUPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to Hold (NASDAQ:PTXP)
www.streetinsider.com - December 7 at 12:03 AM
us.rd.yahoo.com logoPennTex Midstream Partners, LP downgraded by Stifel (NASDAQ:PTXP)
us.rd.yahoo.com - December 6 at 7:02 PM
finance.yahoo.com logoPennTex Midstream Partners, LP downgraded by SunTrust (NASDAQ:PTXP)
finance.yahoo.com - November 29 at 1:57 PM
seekingalpha.com logoEnergy Transfer Partners' Results Drive Need For The SXL Merger (NASDAQ:PTXP)
seekingalpha.com - November 22 at 11:32 AM
News IconPenntex Midstream Partners LP (PTXP) Research Coverage Started at Drexel Hamilton (NASDAQ:PTXP)
flapship.com - November 22 at 11:32 AM
News IconPennTex Midstream Partners, LP (NASDAQ:PTXP) Receives An Update From Brokers (NASDAQ:PTXP)
discover-usa.net - November 22 at 11:32 AM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bullish Manner : PTXP-US : November 17, 2016 (NASDAQ:PTXP)
www.capitalcube.com - November 17 at 10:56 AM
News IconPenntex Midstream Partners LP (NASDAQ:PTXP) Expects Sales Of $115.21 (NASDAQ:PTXP)
myhealthbowl.com - November 14 at 7:19 PM
publicnow.com logoEnergy Transfer Equity Reports Third Quarter Results (NASDAQ:PTXP)
www.publicnow.com - November 9 at 6:58 PM
publicnow.com logoEnergy Transfer Partners Reports Third Quarter Results (NASDAQ:PTXP)
www.publicnow.com - November 9 at 6:58 PM
News IconInvestors Recap - CONE Midstream Partners LP's (CNNX) (NASDAQ:PTXP)
myhealthbowl.com - November 8 at 10:31 AM
News IconPennTex Midstream Partners, LP (NASDAQ:PTXP) Updated Broker Price Targets (NASDAQ:PTXP)
avauncer.com - November 5 at 9:22 AM
finance.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Financials (NASDAQ:PTXP)
finance.yahoo.com - November 3 at 7:00 PM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Changes in Control or Registrant (NASDAQ:PTXP)
biz.yahoo.com - November 2 at 10:33 AM
publicnow.com logoEnergy Transfer Partners Closes on Previously Announced Acquisition of Certain Interests in PennTex Midstream Partners (NASDAQ:PTXP)
www.publicnow.com - November 2 at 10:33 AM
publicnow.com logoPennTex Midstream Partners, LP Announces Completion of Sale of General Partner to Energy Transfer Partners, L.P. (NASDAQ:PTXP)
www.publicnow.com - November 2 at 10:33 AM
capitalcube.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: Q3, 2016 By the Numbers : November 1, 2016 (NASDAQ:PTXP)
www.capitalcube.com - November 1 at 11:31 AM
4-traders.com logoPenntex Midstream Partners LP : misses 3Q profit forecasts (NASDAQ:PTXP)
www.4-traders.com - October 28 at 6:43 PM
sg.finance.yahoo.com logoPenntex Midstream misses 3Q profit forecasts (NASDAQ:PTXP)
sg.finance.yahoo.com - October 28 at 10:44 AM
finance.yahoo.com logo6:45 am PennTex Midstream Partners, LP reports Q3 results (NASDAQ:PTXP)
finance.yahoo.com - October 28 at 10:44 AM
publicnow.com logoPennTex Midstream Partners, LP Reports Third Quarter 2016 Results (NASDAQ:PTXP)
www.publicnow.com - October 28 at 10:44 AM
biz.yahoo.com logoQ3 2016 Penntex Midstream Partners LP Earnings Release - Before Market Open (NASDAQ:PTXP)
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 (NASDAQ:PTXP)
biz.yahoo.com - October 28 at 10:44 AM
marketrealist.com logoETP Continues to Pursue Inorganic Expansions (NASDAQ:PTXP)
marketrealist.com - October 28 at 10:44 AM
News IconBlog Coverage Energy Transfer Partners to Acquire Interests in PennTex Midstream Partners (NASDAQ:PTXP)
www.ssuchronicle.com - October 26 at 10:24 AM
capitalcube.com logoPenntex Midstream Partners LP breached its 50 day moving average in a Bearish Manner : PTXP-US : October 26, 2016 (NASDAQ:PTXP)
www.capitalcube.com - October 26 at 10:24 AM
biz.yahoo.com logoPENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Other Events (NASDAQ:PTXP)
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 (NASDAQ:PTXP)
www.bizjournals.com - October 25 at 12:05 PM
capitalcube.com logoPenntex Midstream Partners LP : PTXP-US: Dividend Analysis : August 01st, 2016 (record date) : By the numbers : October 14, 2016 (NASDAQ:PTXP)
www.capitalcube.com - October 14 at 6:40 PM

Social

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 announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.295 per share on Tuesday, February 14th. This represents a $1.18 annualized dividend and a yield of 7.40%. The ex-dividend date is Friday, February 3rd.

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

12 equities research analysts have issued 12-month price targets for Penntex Midstream Partners LP's stock. Their predictions range from $11.00 to $23.00. On average, they expect Penntex Midstream Partners LP's share price to reach $16.09 in the next twelve months.

When will Penntex Midstream Partners LP announce their earnings?

Penntex Midstream Partners LP is scheduled to release their next quarterly earnings announcement on Thursday, May, 4th 2017.

Who owns Penntex Midstream Partners LP stock?

Penntex Midstream Partners LP's stock is owned by many different of retail and institutional investors. Top institutional investors include Whetstone Capital Advisors LLC (3.12%), Advisory Research Inc. (0.91%), Renaissance Technologies LLC (0.10%), Quinn Opportunity Partners LLC (0.06%) and Texas Yale Capital Corp. (0.02%). Company insiders that own Penntex Midstream Partners LP stock include Kenneth E Hertel, Mrd Midstream Llc, Stephen M Moore and Steven R Jones.

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

Penntex Midstream Partners LP's stock was acquired by a variety of institutional investors in the last quarter, including Whetstone Capital Advisors LLC, Renaissance Technologies LLC and Quinn Opportunity Partners LLC. Company insiders that have bought Penntex Midstream Partners LP stock in the last two years include Kenneth E Hertel, Stephen M Moore and Steven R Jones.

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 $15.95.

Penntex Midstream Partners LP (NASDAQ:PTXP) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)

Earnings History Chart

Earnings by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)

Dividend History Chart

Dividend Payments by Quarter for Penntex Midstream Partners LP (NASDAQ:PTXP)

Last Updated on 2/27/2017 by MarketBeat.com Staff