Dividend Worth Watching: PennTex Midstream Partners, LP (NASDAQ:PTXP) advises investors to expect $0.30 dividends on Nov 14, 2016.

Dividend Worth Watching: PennTex Midstream Partners, LP (NASDAQ:PTXP) advises investors to expect $0.30 dividends on Nov 14, 2016.

PennTex Midstream Partners, LP (NASDAQ:PTXP) is expected to pay $0.30 on Nov 14, 2016. The indicated annual dividend is $1.18. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on PennTex Midstream Partners, LP’s current price of $16.69, the dividend is 1.77%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.85% or $0.14 on October 31, hitting $16.69. Penntex Midstream Partners LP (NASDAQ:PTXP) has risen 61.59% since March 31, 2016 and is uptrending. It has outperformed by 59.06% the S&P500.

PennTex Midstream Partners, LP focuses on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. The company has a market cap of $682.01 million. The Firm provides natural gas gathering and processing, and residue gas and natural gas liquids transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation. It has a 32.94 P/E ratio. The Company’s assets include the Lincoln Parish plant, an approximately 200 million cubic feet per day (MMcf/d) design-capacity cryogenic natural gas processing plant located near Arcadia, Louisiana, and an approximately 40-mile natural gas liquid (NGL) pipeline that provides connections to the Mont Belvieu market for NGLs produced from its processing plants.

Penntex Midstream Partners LP (NASDAQ:PTXP) Ratings Coverage

Out of 7 analysts covering PennTex Midstream Partners LP (NASDAQ:PTXP), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. PennTex Midstream Partners LP has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded it to “Buy” rating and $20 target price in Tuesday, September 15 report. The stock of Penntex Midstream Partners LP (NASDAQ:PTXP) has “Buy” rating given on Monday, October 10 by . Citigroup maintained the shares of PTXP in a report on Wednesday, April 6 with “Buy” rating. JP Morgan downgraded Penntex Midstream Partners LP (NASDAQ:PTXP) rating on Wednesday, March 30. JP Morgan has “Neutral” rating and $11 price target. The stock of Penntex Midstream Partners LP (NASDAQ:PTXP) has “Buy” rating given on Friday, November 6 by Wunderlich. The firm has “Market Perform” rating given on Friday, January 15 by Wells Fargo. The firm earned “Buy” rating on Friday, February 26 by Stifel Nicolaus. Citigroup maintained it with “Buy” rating and $21 target price in Wednesday, August 10 report. Wells Fargo downgraded Penntex Midstream Partners LP (NASDAQ:PTXP) on Monday, January 18 to “Market Perform” rating. Barclays Capital downgraded Penntex Midstream Partners LP (NASDAQ:PTXP) on Monday, June 20 to “Equal-Weight” rating.

More notable recent Penntex Midstream Partners LP (NASDAQ:PTXP) news were published by: Globenewswire.com which released: “PennTex Midstream Partners, LP Reports Third Quarter 2016 Results” on October 28, 2016, also Globenewswire.com with their article: “PennTex Midstream Partners, LP (“PTXP”) Announces Transaction Pursuant to …” published on October 25, 2016, Marketwatch.com published: “PennTex Midstream Partners stock price target cut to $11 from $22 at JP Morgan” on May 06, 2015. More interesting news about Penntex Midstream Partners LP (NASDAQ:PTXP) were released by: Prnewswire.com and their article: “PennTex Midstream Partners, LP Prices Initial Public Offering” published on June 04, 2015 as well as Bizjournals.com‘s news article titled: “Dakota Access pipeline parent co. to buy interest in Houston midstream co. for …” with publication date: October 25, 2016.

PTXP Company Profile

PennTex Midstream Partners, LP, incorporated on August 19, 2014, focuses on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. The Firm provides natural gas gathering and processing, and residue gas and natural gas liquids (NGL) transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation.

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