Analyst Ratings for PennTex Midstream Partners LP (PTXP)

Updated: 2017-06-30

Shares of PennTex Midstream Partners LP (NASDAQ:PTXP) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for PTXP last month.

A buy rating was issued by 1 analysts, 1 issued an overweight rating, 7 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 3 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

PTXP was given price targets by several analysts. The most optimistic price target was 20, implying potential capital gains of 0 percent. The minimum price target given was 17, implying potential capital losses of -15 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -4.78 percent. That number becomes 7.14 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -4.5 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -2.72 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

PTXP has an estimated earnings growth rate of 243.05 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. PTXP has a PEG ratio of 0.33.

In the last 52-weeks, PTXP has achieved a high of 20.17 and a low of 14.56. The current market price is above the trailing year's low by 37.36 percent, and below the high by 0.84 percent. PTXP has a P/E ratio of 80. Investors typically compare the P/E ratio to a company's peers in the industry. The PTXP value stock report compares PTXP to some of its peers using value stock charts. The stock has a market capitalization of $0.81428 billion. PTXP will post this quarters earnings in days, on 0000-00-00.