|Day's Range||23.08 - 23.49|
|52 Week Range||21.52 - 43.50|
|PE Ratio (TTM)||-12.73|
|Dividend & Yield||2.14 (9.30%)|
|1y Target Est||N/A|
Dallas-based Energy Transfer Partners LP (ETP) launched an unsolicited tender offer May 18 to buy the rest of Houston-based PennTex Midstream Partners LP’s (PTXP) common units for $20 each. The tender offer expires June 19, and the transaction’s value is estimated at $280.25 million, according to a filing with the U.S. Securities and Exchange Commission. PennTex plans to share its formal position regarding the tender offer with unitholders within 10 business days via an SEC filing, the company said in a press release May 19.
The mean broker target price of $30.9 for Energy Transfer Partners implies a 34.9% price return in the next 12 months from its current price level of $22.9.
Energy Transfer Partners, L.P. (ETP) is set to acquire the outstanding units of its Houston-based subsidiary, PennTex Midstream Partners, LP (PTXP).