PennTex Midstream Partners, (PTXP) Receiving Somewhat Critical Media Coverage, Analysis Finds
News articles about PennTex Midstream Partners, (NASDAQ:PTXP) have been trending somewhat negative on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennTex Midstream Partners, earned a news impact score of -0.12 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts recently weighed in on PTXP shares. Robert W. Baird cut their price target on shares of PennTex Midstream Partners, from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, April 17th. Zacks Investment Research cut shares of PennTex Midstream Partners, from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. 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 report on Monday, May 22nd. 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 report on Friday, May 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $16.00 price target (up from $15.00) on shares of PennTex Midstream Partners, in a report on Wednesday, May 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.75.
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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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