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.

Many analysts weighed in on price targets for PTXP. The highest price target was 20, implying a possible profit of 0 percent. The lowest price target was 17, which equates to a potential downside of -15 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

The growth rate of PTXP's earnings is estimated by analysts to be 243.05 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. PTXP has a PEG ratio of 0.33.

PTXP has traded between a high of 20.17 and a low of 14.56 over the past year. 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 market cap of PTXP is $0.81428 billion. PTXP will post this quarters earnings in days, on 0000-00-00.