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: Energy
  • Industry: Oil & Gas Transportation Services - NEC
  • Sub-Industry: N/A
  • Symbol: NASDAQ:PTXP
  • CUSIP: N/A
  • Web: penntex.com/
Average Prices:
  • 50 Day Moving Avg: $19.38
  • 200 Day Moving Avg: $16.89
  • 52 Week Range: $14.56 - $20.17
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.65
  • P/E Growth: 0.00
Profitability:
  • Net Margins: 34.54%
  • Return on Equity: 11.00%
  • Return on Assets: 5.81%
Debt:
  • Debt-to-Equity Ratio: 0.72%
  • Current Ratio: 3.64%
  • Quick Ratio: 3.23%
Misc:
  • Average Volume: 228,998 shs.
  • Beta: 1
 

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. Investors 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 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Wednesday, May 3rd. This is a positive change 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) released its earnings results on Friday, May, 6th. The company reported $0.12 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.09. The firm had revenue of $17.60 million for the quarter, compared to analysts' expectations 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 equities research analysts have issued 1 year target prices for Penntex Midstream Partners LP's stock. Their forecasts 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 year. View Analyst Ratings for Penntex Midstream Partners LP.

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

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 (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.

Who owns Penntex Midstream Partners LP stock?

Penntex Midstream Partners LP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include ENERGY TRANSFER EQUITY, L.P. (95.93%), ENERGY TRANSFER EQUITY, L.P. (65.58%), Goldman Sachs Group Inc. (0.00%), Advisory Research Inc. (0.00%), Bank of Montreal Can (0.25%) and IndexIQ Advisors LLC (0.00%). Company insiders that own Penntex Midstream Partners LP stock include Energy Transfer Partners, LP and Mrd Midstream Llc. View Institutional Ownership Trends 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 purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, IndexIQ Advisors LLC and S. Muoio & CO. LLC. 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.

What is Penntex Midstream Partners LP's stock price today?

One share of Penntex Midstream Partners LP stock can currently be purchased for approximately $19.99.


MarketBeat Community Rating for Penntex Midstream Partners LP (NASDAQ PTXP)
Community Ranking:  2.7 out of 5 ( )
Outperform Votes:  138 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  258
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.

Analyst Ratings

Consensus Ratings for Penntex Midstream Partners LP (NASDAQ:PTXP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $19.17 (4.12% downside)

Analysts' Ratings History for Penntex Midstream Partners LP (NASDAQ:PTXP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/24/2017Stifel NicolausSet Price TargetHold$20.00LowView Rating Details
5/22/2017Citigroup Inc.DowngradeBuy -> 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 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
3/30/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$22.00 -> $11.00N/AView Rating Details
1/15/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 8/18/2015 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
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:5.90%
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 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: 55.01%
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
americanbankingnews.com logoPenntex Midstream Partners LP (NASDAQ:PTXP) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 15 at 4:32 AM
americanbankingnews.com logoHead to Head Survey: Penntex Midstream Partners (NASDAQ:PTXP) versus Targa Resources (TRGP)
www.americanbankingnews.com - August 11 at 4:48 PM
americanbankingnews.com logoPenntex Midstream Partners LP (NASDAQ:PTXP) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 21 at 9:27 AM
americanbankingnews.com logoPennTex Midstream Partners, LP (PTXP) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - June 26 at 9:30 AM
americanbankingnews.com logoPennTex Midstream Partners, LP (PTXP) Given a $20.00 Price Target at Stifel Nicolaus
www.americanbankingnews.com - June 25 at 11:06 PM
streetinsider.com logoEnergy Transfer Partners (ETP) Says Tender Offer for PennTex Midstream Partners (PTXP) Satisfies Non-Waivable Condition
www.streetinsider.com - June 22 at 8:59 AM
americanbankingnews.com logoPennTex Midstream Partners, LP (PTXP) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - June 21 at 2:28 PM
finance.yahoo.com logoPenntex Midstream Partners LP :PTXP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017
finance.yahoo.com - June 20 at 1:32 AM
americanbankingnews.com logo$22.26 Million in Sales Expected for PennTex Midstream Partners, LP (PTXP) This Quarter
www.americanbankingnews.com - June 17 at 8:00 AM
americanbankingnews.com logoPennTex Midstream Partners, LP (PTXP) Expected to Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - June 15 at 8:22 PM
americanbankingnews.com logoFinancial Contrast: Penntex Midstream Partners (PTXP) versus Enbridge (ENB)
www.americanbankingnews.com - June 5 at 10:14 PM
finance.yahoo.com logoConflicts Committee Recommends That Unitholders Accept Energy Transfer Partners, L.P.’s Tender Offer to Purchase Common Units for $20.00 per Unit in Cash
finance.yahoo.com - June 2 at 1:38 AM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Sees Significant Growth in Short Interest
www.americanbankingnews.com - June 1 at 9:52 PM
americanbankingnews.com logoPenntex Midstream Partners LP (PTXP) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 30 at 11:29 AM
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

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Chart

Penntex Midstream Partners LP (PTXP) Chart for Friday, August, 18, 2017

This page was last updated on 8/18/2017 by MarketBeat.com Staff