Penntex Midstream Partners Stock Price, News & Analysis (NASDAQ:PTXP)

$20.00 0.00 (0.00 %)
(As of 01/24/2018 06:39 AM ET)
Previous Close$20.00
Today's Range$19.97 - $20.00
52-Week Range$14.56 - $20.17
Volume13,200 shs
Average Volume163,825 shs
Market Capitalization$814.29 million
P/E Ratio76.92
Dividend Yield5.90%
BetaN/A

About Penntex Midstream Partners (NASDAQ:PTXP)

Penntex Midstream Partners 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.

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Industry, Sector and Symbol

Industry Oil & Gas Transportation Services
Sub-IndustryN/A
SectorEnergy
SymbolNASDAQ:PTXP
CUSIPN/A
Phone+1-713-9897560

Debt

Debt-to-Equity Ratio0.72%
Current Ratio3.64%
Quick Ratio3.23%

Price-To-Earnings

Trailing P/E Ratio76.9230769230769
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

Trailing EPS$0.26
Net IncomeN/A
Net Margins34.54%
Return on Equity11.00%
Return on Assets5.81%

Miscellaneous

EmployeesN/A
Outstanding Shares20,710,000

Penntex Midstream Partners (NASDAQ:PTXP) Frequently Asked Questions

What is Penntex Midstream Partners' stock symbol?

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

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

Penntex Midstream Partners declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, May 5th will be given 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 a boost from Penntex Midstream Partners's previous quarterly dividend of $0.28. View Penntex Midstream Partners' Dividend History.

How were Penntex Midstream Partners' earnings last quarter?

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

Where is Penntex Midstream Partners' stock going? Where will Penntex Midstream Partners' stock price be in 2018?

4 analysts have issued 1-year price targets for Penntex Midstream Partners' stock. Their predictions range from $20.00 to $20.00. On average, they expect Penntex Midstream Partners' share price to reach $20.00 in the next twelve months. View Analyst Ratings for Penntex Midstream Partners.

Who are some of Penntex Midstream Partners' key competitors?

Who are Penntex Midstream Partners' key executives?

Penntex Midstream Partners' 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 IPO?

(PTXP) raised $226 million in an 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.

How do I buy Penntex Midstream Partners stock?

Shares of Penntex Midstream Partners can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Penntex Midstream Partners' stock price today?

One share of Penntex Midstream Partners stock can currently be purchased for approximately $20.00.

How big of a company is Penntex Midstream Partners?

Penntex Midstream Partners has a market capitalization of $814.29 million.

How can I contact Penntex Midstream Partners?

Penntex Midstream Partners' mailing address is 8111 Westchester Dr Ste 600, DALLAS, TX 75225-6142, United States. The pipeline company can be reached via phone at +1-713-9897560.


MarketBeat Community Rating for Penntex Midstream Partners (PTXP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  193 (Vote Outperform)
Underperform Votes:  171 (Vote Underperform)
Total Votes:  364
MarketBeat's community ratings are surveys of what our community members think about Penntex Midstream Partners 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

Penntex Midstream Partners (NASDAQ:PTXP) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 2.002.002.142.25
Ratings Breakdown: 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $20.00$19.40$19.17$18.86
Price Target Upside: 0.15% upside2.85% downside4.02% downside5.57% downside

Penntex Midstream Partners (NASDAQ:PTXP) Consensus Price Target History

Price Target History for Penntex Midstream Partners (NASDAQ:PTXP)

Penntex Midstream Partners (NASDAQ:PTXP) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/24/2017Stifel NicolausSet Price TargetHold$20.00LowView Rating Details
5/22/2017CitigroupDowngradeBuy -> 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 BankDowngradeBuy -> Hold$20.00 -> $17.00N/AView Rating Details
11/29/2016SunTrust BanksDowngradeBuy -> 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
6/20/2016BarclaysDowngradeOverweight -> Equal Weight$13.00 -> $18.00N/AView Rating Details
5/17/2016Raymond James FinancialReiterated 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
(Data available from 1/24/2016 forward)

Earnings

Penntex Midstream Partners (NASDAQ:PTXP) Earnings History and Estimates Chart

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

Penntex Midstream Partners (NASDAQ PTXP) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017Q1 2017$0.20$0.14ViewN/AView Earnings Details
2/3/2017Q4 2016$0.20($0.18)ViewN/AView Earnings Details
10/28/2016Q3 2016$0.20$0.16ViewN/AView Earnings Details
8/4/2016Q2 2016$0.14$0.13ViewN/AView Earnings Details
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
(Earnings results data provided by Zacks Investment Research)

Estimates

Penntex Midstream Partners (NASDAQ:PTXP) Earnings Estimates

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Penntex Midstream Partners (NASDAQ:PTXP) Dividend Information

Most Recent Dividend:5/12/2017
Annual Dividend:$1.18
Dividend Yield:5.90%
Payout Ratio:453.85% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for Penntex Midstream Partners (NASDAQ:PTXP)

Penntex Midstream Partners (NASDAQ:PTXP) Dividend History by Quarter

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

Penntex Midstream Partners (NASDAQ PTXP) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 55.01%
Insider Trades by Quarter for Penntex Midstream Partners (NASDAQ:PTXP)
Insider Trades by Quarter for Penntex Midstream Partners (NASDAQ:PTXP)

Penntex Midstream Partners (NASDAQ PTXP) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/8/2017Energy Transfer Partners, L.P.DirectorBuy400,000$16.10$6,440,000.003,439,577View 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

Penntex Midstream Partners (NASDAQ PTXP) News Headlines

Source:
DateHeadline
Analyzing QEP Midstream Partners (QEPM) and Penntex Midstream Partners (PTXP)Analyzing QEP Midstream Partners (QEPM) and Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - December 30 at 7:46 AM
Critical Contrast: Frontline (FRO) and Penntex Midstream Partners (PTXP)Critical Contrast: Frontline (FRO) and Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - December 19 at 3:26 PM
Western Refining Logistics (WNRL) & Penntex Midstream Partners (PTXP) Head-To-Head AnalysisWestern Refining Logistics (WNRL) & Penntex Midstream Partners (PTXP) Head-To-Head Analysis
www.americanbankingnews.com - December 17 at 1:30 PM
Reviewing Rose Rock Midstream (RRMS) & Penntex Midstream Partners (PTXP)Reviewing Rose Rock Midstream (RRMS) & Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - December 8 at 3:26 AM
Andeavor Logistics (ANDX) and Penntex Midstream Partners (PTXP) Critical ReviewAndeavor Logistics (ANDX) and Penntex Midstream Partners (PTXP) Critical Review
www.americanbankingnews.com - November 1 at 1:08 PM
Penntex Midstream Partners (PTXP) and Its Peers Financial ComparisonPenntex Midstream Partners (PTXP) and Its Peers Financial Comparison
www.americanbankingnews.com - October 31 at 9:16 PM
Contrasting Penntex Midstream Partners (PTXP) and Its PeersContrasting Penntex Midstream Partners (PTXP) and Its Peers
www.americanbankingnews.com - October 17 at 4:08 AM
Penntex Midstream Partners (PTXP) vs. Its Rivals Critical AnalysisPenntex 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 AnalysisPenntex 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 AnalystsPenntex 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)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)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 AnalystsPenntex 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)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 AnalystsPenntex 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 ConditionEnergy 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 OfferCiti 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 UnitsEnergy 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 PerformRBC 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)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 MidstreamEveryone 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 Registrants Certifying Accountant, Financial StatementPENNTEX 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 ReportEARNINGS 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 OfferingAbraxas 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 OfficersPENNTEX 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 SellersPTXP Stock Crowded With Sellers
www.thestreet.com - December 7 at 12:03 AM
UPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to HoldUPDATE: Stifel Downgrades PennTex Midstream Partners, LP (PTXP) to Hold
www.streetinsider.com - December 7 at 12:03 AM
PennTex Midstream Partners, LP downgraded by StifelPennTex 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 MergerEnergy 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 RegistrantPENNTEX 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 OpenQ3 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 StatementPENNTEX 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 EventsPENNTEX 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 $640MDakota Access pipeline parent co. to buy interest in Houston midstream co. for $640M
www.bizjournals.com - October 25 at 12:05 PM

SEC Filings

Penntex Midstream Partners (NASDAQ:PTXP) SEC Filings

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Social Media

Financials

Penntex Midstream Partners (NASDAQ:PTXP) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Penntex Midstream Partners (NASDAQ PTXP) Stock Chart for Wednesday, January, 24, 2018

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This page was last updated on 1/24/2018 by MarketBeat.com Staff

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