Penntex Midstream Partners LP (NASDAQ:PTXP) received a $20.00 price objective from analysts at Deutsche Bank AG in a research report issued on Monday. The brokerage currently has a a “buy” rating on the stock. Deutsche Bank AG’s price target suggests a potential upside of 14.35% from the stock’s previous close.

A number of other research firms also recently issued reports on PTXP. Barclays PLC downgraded shares of Penntex Midstream Partners from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $13.00 to $18.00 in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of Penntex Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, July 20th. Citigroup Inc. increased their price objective on shares of Penntex Midstream Partners from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Wunderlich increased their price objective on shares of Penntex Midstream Partners from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Penntex Midstream Partners has a consensus rating of “Buy” and an average price target of $15.18.

Analyst Recommendations for Penntex Midstream Partners (NASDAQ:PTXP)

Shares of Penntex Midstream Partners (NASDAQ:PTXP) traded down 1.03% during midday trading on Monday, reaching $17.31. 2,200 shares of the company traded hands. Penntex Midstream Partners has a 1-year low of $8.54 and a 1-year high of $19.36. The company has a 50 day moving average price of $16.88 and a 200 day moving average price of $14.70. The company has a market capitalization of $695.59 million, a PE ratio of 40.16 and a beta of 1.05.

Penntex Midstream Partners (NASDAQ:PTXP) last issued its earnings results on Thursday, August 4th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. Penntex Midstream Partners had a return on equity of 6.23% and a net margin of 22.33%. On average, analysts expect that Penntex Midstream Partners will post $0.59 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whetstone Capital Advisors LLC boosted its position in Penntex Midstream Partners by 23.0% in the second quarter. Whetstone Capital Advisors LLC now owns 1,191,530 shares of the company’s stock worth $18,576,000 after buying an additional 222,527 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in Penntex Midstream Partners by 8.2% in the second quarter. HITE Hedge Asset Management LLC now owns 1,052,722 shares of the company’s stock worth $16,412,000 after buying an additional 79,437 shares in the last quarter. Atlantic Trust Group LLC boosted its position in Penntex Midstream Partners by 0.5% in the second quarter. Atlantic Trust Group LLC now owns 792,055 shares of the company’s stock worth $12,349,000 after buying an additional 4,326 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Penntex Midstream Partners by 34.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 673,869 shares of the company’s stock worth $10,504,000 after buying an additional 174,400 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in Penntex Midstream Partners by 2.7% in the second quarter. Cohen & Steers Inc. now owns 312,085 shares of the company’s stock worth $4,865,000 after buying an additional 8,260 shares in the last quarter. 79.03% of the stock is owned by institutional investors and hedge funds.

About Penntex Midstream Partners

PennTex Midstream Partners, LP focuses on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. The Company provides natural gas gathering and processing, and residue gas and natural gas liquids (NGL) transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation.

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