EnLink Midstream Partners LP (NYSE:ENLK) to Post Q2 2018 Earnings of $0.01 Per Share, Jefferies Group Forecasts

EnLink Midstream Partners LP (NYSE:ENLK) – Equities researchers at Jefferies Group reduced their Q2 2018 earnings per share estimates for shares of EnLink Midstream Partners in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi now forecasts that the oil and gas producer will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.03. Jefferies Group also issued estimates for EnLink Midstream Partners’ Q3 2018 earnings at $0.05 EPS and Q4 2018 earnings at $0.04 EPS.

A number of other equities analysts have also recently weighed in on ENLK. Zacks Investment Research cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Seaport Global Securities started coverage on shares of EnLink Midstream Partners in a research note on Tuesday, October 10th. They set a “neutral” rating and a $18.00 price target on the stock. BidaskClub cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. UBS Group raised shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, October 24th. Finally, Citigroup lowered their price target on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.00.

EnLink Midstream Partners (ENLK) opened at $17.69 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.85. EnLink Midstream Partners has a 12 month low of $14.43 and a 12 month high of $19.59. The firm has a market cap of $6,170.00, a price-to-earnings ratio of -76.91 and a beta of 2.08.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chickasaw Capital Management LLC grew its stake in EnLink Midstream Partners by 0.7% in the 4th quarter. Chickasaw Capital Management LLC now owns 6,060,179 shares of the oil and gas producer’s stock valued at $93,145,000 after acquiring an additional 42,569 shares during the last quarter. Atlantic Trust Group LLC grew its stake in EnLink Midstream Partners by 2.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 436,061 shares of the oil and gas producer’s stock valued at $7,308,000 after acquiring an additional 9,108 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in EnLink Midstream Partners by 262.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 165,700 shares of the oil and gas producer’s stock valued at $2,777,000 after acquiring an additional 119,934 shares during the last quarter. Institutional & Family Asset Management LLC acquired a new stake in EnLink Midstream Partners in the 3rd quarter valued at about $858,000. Finally, Tortoise Capital Advisors L.L.C. grew its stake in EnLink Midstream Partners by 1.7% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 8,280,784 shares of the oil and gas producer’s stock valued at $138,786,000 after acquiring an additional 138,181 shares during the last quarter. 41.66% of the stock is currently owned by hedge funds and other institutional investors.

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EnLink Midstream Partners Company Profile

EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.

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