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 analyst gave a price target of 20, implying potential capital gains of 0 percent. The most pessimistic price target was 17, implying a possible loss of -15 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates downwards for this quarter, by about -4.78 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 7.14 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -4.5 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.

The growth rate of PTXP's earnings is estimated by analysts to be 243.05 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of PTXP is 0.33.

PTXP has a 52-week high of 20.17 and a 52-week 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 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's next earnings release will be on 0000-00-00, which is days away.