About Penntex Midstream Partners LP (NASDAQ:PTXP)
PennTex 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/
- 200 Day Moving Avg: $18.08
- 52 Week Range: $14.56 - $20.17
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.65
- P/E Growth: 0.00
- Net Margins: 34.54%
- Return on Equity: 11.00%
- Return on Assets: 5.81%
- Debt-to-Equity Ratio: 0.72%
- Current Ratio: 3.64%
- Quick Ratio: 3.23%
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?
Some companies that are related to Penntex Midstream Partners LP include Enbridge (ENB), Enterprise Products Partners L.P. (EPD), TransCanada Corporation (TRP), Kinder Morgan (KMI), Williams Companies, Inc. (The) (WMB), ONEOK (OKE), Sunoco Logistics Partners LP (ETP), Magellan Midstream Partners L.P. (MMP), Plains All American Pipeline, L.P. (PAA), Mplx Lp (MPLX), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Pembina Pipeline Corp. (PBA), Spectra Energy Partners, LP (SEP), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL) and EQT Midstream Partners, LP (EQM).
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?
MarketBeat Community Rating for Penntex Midstream Partners LP (NASDAQ PTXP)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.
One share of Penntex Midstream Partners LP stock can currently be purchased for approximately $19.99.
Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
(Data available from 10/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/24/2017||Stifel Nicolaus||Set Price Target||Hold||$20.00||Low|
|5/22/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$21.00 -> $20.00||Low|
|5/19/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$19.00 -> $20.00||High|
|5/19/2017||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$19.00 -> $20.00||High|
|1/3/2017||Deutsche Bank AG||Downgrade||Buy -> Hold||$20.00 -> $17.00||N/A|
|11/29/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||$20.00 -> $18.00||N/A|
|11/17/2016||Drexel Hamilton||Initiated Coverage||Buy||N/A|
|8/4/2016||Wunderlich||Boost Price Target||Buy||$15.00 -> $17.00||N/A|
|6/20/2016||Barclays PLC||Downgrade||Overweight -> Equal Weight||$13.00 -> $18.00||N/A|
|5/17/2016||Raymond James Financial, Inc.||Reiterated Rating||Buy||N/A|
|4/1/2016||JP Morgan Cazenove||Downgrade||Overweight -> Neutral||$22.00 -> $11.00||N/A|
|3/30/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$22.00 -> $11.00||N/A|
|1/15/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for Penntex Midstream Partners LP (NASDAQ:PTXP)Earnings History by Quarter for Penntex Midstream Partners LP (NASDAQ PTXP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/6/2016||Q1||$0.21||$0.12||$20.00 million||$17.60 million||View||N/A|
|2/25/2016||Q4||$0.24||$0.17||$19.44 million||$19.07 million||View||Listen|
|11/6/2015||Q3||$0.07||$0.09||$9.94 million||$11.23 million||View||N/A|
|8/7/2015||Q215||($0.02)||$0.07||$3.26 million||$2.70 million||View||N/A|
Earnings Estimates for Penntex Midstream Partners LP (NASDAQ:PTXP)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Penntex Midstream Partners LP (NASDAQ:PTXP)
|Most Recent Dividend:||5/12/2017|
|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 History by Quarter for Penntex Midstream Partners LP (NASDAQ PTXP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/8/2017||Energy Transfer Partners, L.P.||Director||Buy||400,000||$16.10||$6,440,000.00|| |
|11/1/2016||Mrd Midstream Llc||Major Shareholder||Sell||2,127,704||$17.05||$36,277,353.20|| |
|8/14/2015||Stephen M Moore||Insider||Buy||1,500||$16.94||$25,410.00|| |
|8/13/2015||Steven R Jones||Insider||Buy||8,000||$16.57||$132,560.00|| |
|6/9/2015||Kenneth E Hertel||Insider||Buy||2,000||$20.00||$40,000.00|| |
Headline Trends for Penntex Midstream Partners LP (NASDAQ:PTXP)
Latest Headlines for Penntex Midstream Partners LP (NASDAQ:PTXP)
|Contrasting Penntex Midstream Partners (PTXP) and Its Peers|
www.americanbankingnews.com - October 17 at 4:08 AM
|Penntex Midstream Partners (PTXP) vs. Its Rivals Critical Analysis|
www.americanbankingnews.com - October 11 at 2:20 PM
|Penntex Midstream Partners (PTXP) versus Its Competitors Critical Analysis|
www.americanbankingnews.com - October 8 at 12:28 PM
|Penntex Midstream Partners LP (PTXP) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - September 9 at 4:50 AM
|Comparing Enbridge Energy Management (EEQ) & Penntex Midstream Partners (PTXP)|
www.americanbankingnews.com - September 6 at 12:24 PM
|Analyzing EnLink Midstream (ENLC) & Penntex Midstream Partners (PTXP)|
www.americanbankingnews.com - August 27 at 6:20 AM
|Penntex Midstream Partners LP (NASDAQ:PTXP) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 15 at 4:32 AM
|Head to Head Survey: Penntex Midstream Partners (NASDAQ:PTXP) versus Targa Resources (TRGP)|
www.americanbankingnews.com - August 11 at 4:48 PM
|Penntex Midstream Partners LP (NASDAQ:PTXP) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - July 21 at 9:27 AM
|Energy Transfer Partners (ETP) Says Tender Offer for PennTex Midstream Partners (PTXP) Satisfies Non-Waivable Condition|
www.streetinsider.com - June 22 at 8:59 AM
|Citi Downgrades PennTex Midstream Partners, LP (PTXP) to Neutral Amid Tender Offer|
www.streetinsider.com - May 23 at 9:47 AM
|Energy Transfer Partners to Buy the Remaining PennTex Units|
www.nasdaq.com - May 22 at 9:30 AM
|RBC Capital Downgrades PennTex Midstream Partners, LP (PTXP) to Sector Perform|
www.streetinsider.com - May 20 at 10:43 AM
|Energy Transfer Partners (ETP) Announces Tender Offer to Purchase Common Units of PennTex Midstream Partners (PTXP)|
www.streetinsider.com - May 19 at 7:58 PM
|Everyone Wants A Piece Of PennTex Midstream|
seekingalpha.com - May 5 at 7:36 PM
|PENNTEX 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
|EARNINGS SUMMARY: Details of PennTex Midstream Partners, LP Q4 Earnings Report|
www.rttnews.com - February 4 at 1:18 AM
|Abraxas Petroleum Prices Upsized Common Shares Offering|
www.zacks.com - January 24 at 8:10 PM
|PENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - January 23 at 7:43 PM
|PTXP Stock Crowded With Sellers|
www.thestreet.com - December 7 at 12:03 AM
|UPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to Hold|
www.streetinsider.com - December 7 at 12:03 AM
|PennTex Midstream Partners, LP downgraded by Stifel|
us.rd.yahoo.com - December 6 at 7:02 PM
|Energy Transfer Partners' Results Drive Need For The SXL Merger|
seekingalpha.com - November 22 at 11:32 AM
|PENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Changes in Control or Registrant|
biz.yahoo.com - November 2 at 10:33 AM
|Q3 2016 Penntex Midstream Partners LP Earnings Release - Before Market Open|
biz.yahoo.com - October 28 at 10:44 AM
|PENNTEX 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
|PENNTEX MIDSTREAM PARTNERS, LP Files SEC form 8-K, Other Events|
biz.yahoo.com - October 25 at 12:05 PM
|Dakota Access pipeline parent co. to buy interest in Houston midstream co. for $640M|
www.bizjournals.com - October 25 at 12:05 PM
Penntex Midstream Partners LP (PTXP) Chart for Wednesday, October, 18, 2017