Is PennTex Midstream Partners a good dividend stock?

PennTex Midstream Partners (NASDAQ:PTXP) pays an annual dividend of $1.18 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 85.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for PTXP .

What other stocks do shareholders of PennTex Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PennTex Midstream Partners investors own include Allena Pharmaceuticals (ALNA) , Arbutus Biopharma (ABUS) , Ampliphi Biosciences (APHB) , Aurora Cannabis (ACBFF) , AcelRx Pharmaceuticals (ACRX) , Aldeyra Therapeutics (ALDX) , Apellis Pharmaceuticals (APLS) , Aquinox Pharmaceuticals (AQXP) .

When did PennTex Midstream Partners IPO?

PennTex Midstream Partners (PTXP) raised $226 million in an initial public offering (IPO) 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 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.

NASDAQ:PTXP

PennTex Midstream Partners (PTXP) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Today's Range: $20.00
▼
$20.00
50-Day Range: N/A
52-Week Range: $14.56
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$20.17

Volume: N/A
Average Volume: 163,825 shs
Market Capitalization: N/A

P/E Ratio: 14.49
Dividend Yield: N/A
Price Target: N/A

Stock Analysis

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About PennTex Midstream Partners Stock (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.

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PTXP Stock News Headlines

November 20, 2023 | morningstar.com

Hess Midstream LP Class A HESM

June 8, 2022 | investing.com

Penntex Midstream Partners LP (PTXP)

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: N/A
Industry: N/A
Sub-Industry: N/A
Current Symbol: NASDAQ:PTXP
CUSIP: N/A
CIK: 1617798
Web: penntex.com
Phone: +1-713-9897560
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 14.49
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

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

PTXP Stock Analysis - Frequently Asked Questions

Is PennTex Midstream Partners a good dividend stock?: PennTex Midstream Partners (NASDAQ:PTXP) pays an annual dividend of $1.18 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 85.51%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for PTXP.
What other stocks do shareholders of PennTex Midstream Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PennTex Midstream Partners investors own include Allena Pharmaceuticals (ALNA), Arbutus Biopharma (ABUS), Ampliphi Biosciences (APHB), Aurora Cannabis (ACBFF), AcelRx Pharmaceuticals (ACRX), Aldeyra Therapeutics (ALDX), Apellis Pharmaceuticals (APLS), Aquinox Pharmaceuticals (AQXP).
When did PennTex Midstream Partners IPO?: PennTex Midstream Partners (PTXP) raised $226 million in an initial public offering (IPO) 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 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.

This page (NASDAQ:PTXP) was last updated on 4/17/2024 by MarketBeat.com Staff

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PennTex Midstream Partners (PTXP) Stock Price, News & Analysis

About PennTex Midstream Partners Stock (NASDAQ:PTXP)

PTXP Stock News Headlines

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

PTXP Stock Analysis - Frequently Asked Questions

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