Somewhat Favorable News Coverage Somewhat Unlikely to Impact Penntex Midstream Partners (PTXP) Stock Price

Headlines about Penntex Midstream Partners (NASDAQ:PTXP) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Penntex Midstream Partners earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.3091080994276 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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PTXP has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Penntex Midstream Partners from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, April 17th. Zacks Investment Research lowered Penntex Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Citigroup Inc. lowered Penntex Midstream Partners from a “buy” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $20.00 in a research report on Monday, May 22nd. Royal Bank Of Canada lowered Penntex Midstream Partners from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $19.00 to $20.00 in a research report on Friday, May 19th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price (up previously from $15.00) on shares of Penntex Midstream Partners in a research report on Wednesday, May 10th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.75.

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Penntex Midstream Partners Company Profile

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.