News headlines about Penntex Midstream Partners (NASDAQ:PTXP) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Penntex Midstream Partners earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.3588874715178 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have commented on PTXP. Robert W. Baird cut shares of Penntex Midstream Partners from an “outperform” rating to a “neutral” rating and upped their target price for the company from $19.00 to $20.00 in a report on Friday, May 19th. Stifel Nicolaus set a $20.00 target price on shares of Penntex Midstream Partners and gave the company a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada cut shares of 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. TheStreet raised shares of Penntex Midstream Partners from a “d+” rating to a “b-” rating in a report on Monday, June 19th. Finally, Citigroup Inc. cut shares of Penntex Midstream Partners from a “buy” rating to a “neutral” rating and reduced their target price for the company from $21.00 to $20.00 in a report on Monday, May 22nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Penntex Midstream Partners presently has an average rating of “Hold” and an average price target of $19.00.
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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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