Shares of Penntex Midstream Partners LP (NASDAQ:PTXP) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.17.

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

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A number of institutional investors and hedge funds have recently made changes to their positions in PTXP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Penntex Midstream Partners in the 1st quarter valued at about $1,643,000. UBS Group AG grew its stake in Penntex Midstream Partners by 26.7% in the 1st quarter. UBS Group AG now owns 968,796 shares of the pipeline company’s stock valued at $16,702,000 after buying an additional 204,198 shares during the last quarter. Renaissance Technologies LLC grew its stake in Penntex Midstream Partners by 150.4% in the 1st quarter. Renaissance Technologies LLC now owns 105,583 shares of the pipeline company’s stock valued at $1,820,000 after buying an additional 63,422 shares during the last quarter. TPH Asset Management LLC acquired a new position in Penntex Midstream Partners in the 1st quarter valued at about $5,793,000. Finally, Bank of Montreal Can acquired a new position in Penntex Midstream Partners in the 2nd quarter valued at about $2,000,000. Institutional investors and hedge funds own 55.01% of the company’s stock.

About Penntex Midstream Partners

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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