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 lowest price target was 17, implying potential capital losses of -15 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. Meanwhile, fiscal year estimates have been revised downwards by -4.5 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -2.72 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

PTXP has an estimated earnings growth rate of 243.05 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PTXP is 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 0.84 percent lower than its 52-week high. 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 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.