Shares of PennTex Midstream Partners, LP (NASDAQ:PTXP) have earned a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.86.

PTXP has been the topic of a number of recent research reports. Zacks Investment Research upgraded PennTex Midstream Partners, from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, April 6th. Robert W. Baird decreased their price objective on PennTex Midstream Partners, from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, April 17th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price objective (up from $15.00) on shares of PennTex Midstream Partners, in a research report on Wednesday, May 10th. Royal Bank Of Canada downgraded PennTex Midstream Partners, from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $19.00 to $20.00 in a research report on Friday, May 19th. Finally, Citigroup Inc. downgraded PennTex Midstream Partners, from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $20.00 in a research report on Monday, May 22nd.

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PennTex Midstream Partners, (NASDAQ PTXP) opened at 19.97 on Monday. The company has a market capitalization of $813.06 million, a price-to-earnings ratio of 77.40 and a beta of 1.00. PennTex Midstream Partners, has a 52-week low of $14.56 and a 52-week high of $20.17. The company’s 50-day moving average price is $18.65 and its 200 day moving average price is $16.68.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC boosted its position in PennTex Midstream Partners, by 0.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,094,430 shares of the pipeline company’s stock worth $16,406,000 after buying an additional 4,500 shares in the last quarter. Geode Capital Management LLC acquired a new position in PennTex Midstream Partners, during the first quarter worth approximately $218,000. Chevy Chase Trust Holdings Inc. acquired a new position in PennTex Midstream Partners, during the first quarter worth approximately $632,000. Renaissance Technologies LLC acquired a new position in PennTex Midstream Partners, during the fourth quarter worth approximately $632,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in PennTex Midstream Partners, during the first quarter worth approximately $1,643,000. 55.01% of the stock is currently owned by hedge funds and other institutional investors.

PennTex Midstream Partners, Company Profile

PennTex Midstream Partners, LP, focuses on owning, operating, acquiring and developing midstream energy infrastructure assets in North America. The Company owns and operates midstream gathering, processing and transportation assets in northern Louisiana. The Company provides natural gas gathering and processing and residue gas and natural gas liquid (NGL) transportation services to producers focused on the Cotton Valley formation in northern Louisiana.

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