Shares of Penntex Midstream Partners LP (NASDAQ:PTXP) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.17.

Several brokerages have commented on PTXP. Stifel Nicolaus set a $20.00 price target on shares of Penntex Midstream Partners and gave the stock a “hold” rating in a research report on Saturday, June 24th. TheStreet raised shares of Penntex Midstream Partners from a “d+” rating to a “b-” rating in a research report on Monday, June 19th. Citigroup Inc. cut shares of Penntex Midstream Partners from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $20.00 in a research report on Monday, May 22nd. Robert W. Baird cut shares of Penntex Midstream Partners from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $20.00 in a research report on Friday, May 19th. Finally, Royal Bank Of Canada cut shares of Penntex Midstream Partners from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $19.00 to $20.00 in a research report on Friday, May 19th.

Several large investors have recently modified their holdings of PTXP. S. Muoio & CO. LLC purchased a new stake in shares of Penntex Midstream Partners during the second quarter worth about $204,000. IndexIQ Advisors LLC purchased a new stake in shares of Penntex Midstream Partners during the second quarter worth about $626,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Penntex Midstream Partners during the first quarter worth about $632,000. Renaissance Technologies LLC purchased a new stake in shares of Penntex Midstream Partners during the fourth quarter worth about $632,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Penntex Midstream Partners during the first quarter worth about $1,643,000. 55.01% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Penntex Midstream Partners (NASDAQ:PTXP)

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