NASDAQ:PTXP - Penntex Midstream Partners Stock Price, Price Target & More

$20.00 0.00 (0.00 %)
(As of 04/20/2018 04:00 PM ET)
Previous Close$20.00
Today's Range$20.00 - $20.00
52-Week Range$14.56 - $20.17
VolumeN/A
Average Volume163,825 shs
Market Capitalization$814.29 million
P/E RatioN/A
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 N/A
Sub-IndustryN/A
SectorN/A
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 RatioN/A
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

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins34.54%
Return on Equity11.00%
Return on Assets5.81%

Miscellaneous

EmployeesN/A
Outstanding Shares20,710,000

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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 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date is Wednesday, May 3rd. This is a positive change 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 data on Friday, May, 6th. The pipeline company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.09. The pipeline company had revenue of $17.60 million for the quarter, compared to analyst estimates of $20 million. Penntex Midstream Partners had a net margin of 34.54% and a return on equity of 11.00%. View Penntex Midstream Partners' Earnings History.

What price target have analysts set for PTXP?

4 brokerages have issued 12-month price targets for Penntex Midstream Partners' shares. Their forecasts 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 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.

Has Penntex Midstream Partners been receiving favorable news coverage?

Media stories about PTXP stock have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Penntex Midstream Partners earned a daily sentiment score of 0.05 on Accern's scale. They also assigned news headlines about the pipeline company an impact score of 45.76 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

How do I buy shares of Penntex Midstream Partners?

Shares of PTXP 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 PTXP 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:  232 (Vote Outperform)
Underperform Votes:  191 (Vote Underperform)
Total Votes:  423
MarketBeat's community ratings are surveys of what our community members think about Penntex Midstream Partners and other stocks. Vote "Outperform" if you believe PTXP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PTXP will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Penntex Midstream Partners (NASDAQ:PTXP) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
4 Wall Street analysts have issued ratings and price targets for Penntex Midstream Partners in the last 12 months. Their average twelve-month price target is $20.00, suggesting that the stock has a possible downside of 0.00%. The high price target for PTXP is $20.00 and the low price target for PTXP is $20.00. There are currently 4 hold ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 2.002.002.002.14
Ratings Breakdown: 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
4 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)
Consensus Price Target: $20.00$20.00$20.00$19.1667
Price Target Upside: 0.00% downside0.15% upside0.15% upside4.02% 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 JamesReiterated RatingBuyN/AView Rating Details
(Data available from 4/21/2016 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$0.14$23.32 million$17.07 millionViewN/AView Earnings Details
2/3/2017Q4 2016$0.20($0.18)$23.16 million$18.37 millionViewN/AView Earnings Details
10/28/2016Q3 2016$0.20$0.16$21.45 million$22.18 millionViewN/AView Earnings Details
8/4/2016Q2 2016$0.14$0.13$18.19 million$19.15 millionViewN/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)

Dividends

Penntex Midstream Partners (NASDAQ:PTXP) Dividend Information

Penntex Midstream Partners pays an annual dividend of $1.18 per share, with a dividend yield of 5.90%. PTXP's most recent quarterly dividend payment was Friday, May 12.
Most Recent Dividend:5/12/2017
Annual Dividend:$1.18
Dividend Yield:5.90%
Payout Ratio:N/A
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$0.29506.94%5/3/20175/5/20175/12/2017
1/26/2017quarterly$0.29507.42%2/3/20172/7/20172/14/2017
10/26/2016Quarterly$0.295011/3/201611/7/201611/14/2016
7/21/2016$0.28467/28/20168/1/20168/12/2016
4/21/2016Quarterly$0.27504/28/20165/2/20165/13/2016
1/21/2016Quarterly$0.27501/29/20162/2/20162/12/2016
10/23/2015Quarterly$0.275010/30/201511/3/201511/13/2015
7/23/2015$0.06657/31/20158/4/20158/14/2015
(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 Trading History for Penntex Midstream Partners (NASDAQ:PTXP)
Insider Trading History for Penntex Midstream Partners (NASDAQ:PTXP)

Penntex Midstream Partners (NASDAQ PTXP) Insider Trading History

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
Penntex Midstream Partners (PTXP) & VTTI Energy Partners (VTTI) Critical AnalysisPenntex Midstream Partners (PTXP) & VTTI Energy Partners (VTTI) Critical Analysis
www.americanbankingnews.com - March 20 at 9:12 PM
Penntex Midstream Partners (PTXP) vs. Columbia Pipeline Group (CPGX) Head to Head SurveyPenntex Midstream Partners (PTXP) vs. Columbia Pipeline Group (CPGX) Head to Head Survey
www.americanbankingnews.com - March 18 at 9:46 AM
Penntex Midstream Partners (PTXP) and Enterprise Products Partners (EPD) Financial SurveyPenntex Midstream Partners (PTXP) and Enterprise Products Partners (EPD) Financial Survey
www.americanbankingnews.com - March 18 at 3:15 AM
Phillips 66 Partners (PSXP) and Penntex Midstream Partners (PTXP) Critical AnalysisPhillips 66 Partners (PSXP) and Penntex Midstream Partners (PTXP) Critical Analysis
www.americanbankingnews.com - March 12 at 1:27 AM
Critical Review: Energy Transfer Partners (ETP) vs. Penntex Midstream Partners (PTXP)Critical Review: Energy Transfer Partners (ETP) vs. Penntex Midstream Partners (PTXP)
www.americanbankingnews.com - January 30 at 7:32 AM
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 Saturday, April, 21, 2018

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This page was last updated on 4/21/2018 by MarketBeat.com Staff

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