Brokerages expect PennTex Midstream Partners, LP (NASDAQ:PTXP) to report $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for PennTex Midstream Partners,’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.15. PennTex Midstream Partners, reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 92.3%. The business is scheduled to report its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that PennTex Midstream Partners, will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $1.19. For the next fiscal year, analysts forecast that the business will report earnings of $1.43 per share, with EPS estimates ranging from $1.28 to $1.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for PennTex Midstream Partners,.

PTXP has been the subject of several research reports. TheStreet cut PennTex Midstream Partners, from a “c-” rating to a “d+” rating in a research report on Thursday, February 23rd. Robert W. Baird dropped their target price on PennTex Midstream Partners, from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 17th. Zacks Investment Research cut PennTex Midstream Partners, from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Citigroup Inc. cut PennTex Midstream Partners, from a “buy” rating to a “neutral” rating and dropped their target price for the company from $21.00 to $20.00 in a report on Monday, May 22nd. Finally, Royal Bank Of Canada cut PennTex Midstream Partners, from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $19.00 to $20.00 in a report on Friday, May 19th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. PennTex Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $18.22.

PennTex Midstream Partners, (NASDAQ PTXP) traded up 0.05% on Thursday, hitting $19.95. 132,277 shares of the company were exchanged. The stock’s 50-day moving average price is $18.47 and its 200-day moving average price is $16.61. PennTex Midstream Partners, has a 52-week low of $14.56 and a 52-week high of $20.17. The stock has a market capitalization of $812.24 million, a P/E ratio of 77.33 and a beta of 1.00.

A number of institutional investors have recently bought and sold shares of PTXP. Renaissance Technologies LLC purchased a new position in PennTex Midstream Partners, during the fourth quarter valued at about $632,000. HITE Hedge Asset Management LLC raised 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 valued at $16,406,000 after buying an additional 4,500 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in PennTex Midstream Partners, during the first quarter valued at about $632,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in PennTex Midstream Partners, during the first quarter valued at about $1,643,000. Finally, Geode Capital Management LLC purchased a new position in PennTex Midstream Partners, during the first quarter valued at about $218,000. 55.01% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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