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.

Investment analysts gave a few price targets for PTXP. The most optimistic analyst gave a price target of 20, implying a possible profit of 0 percent. The most pessimistic analyst gave a price target of 17, implying a possible loss of -15 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -4.78 percent. The average change in earnings estimates over the last 90 days is 7.14 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -4.5 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.72 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of PTXP to grow at a rate of 243.05 percent. People on Wall Street often look at a company's PEG ratio. 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, though it could be better to see where the ratio stands relative to peers in the industry. 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. Today's price is 37.36 percent above the 52-week low, and 0.84 percent lower than its 52-week high. PTXP has a price/earnings 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 market cap of PTXP is $0.81428 billion. PTXP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.