EnLink Midstream Partners LP (NYSE:ENLK) – Equities research analysts at US Capital Advisors issued their Q4 2017 earnings per share estimates for shares of EnLink Midstream Partners in a research note issued on Wednesday, Zacks Investment Research reports. US Capital Advisors analyst C. Crosby forecasts that the oil and gas producer will post earnings per share of $0.01 for the quarter.
ENLK has been the topic of a number of other reports. Zacks Investment Research raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America increased their target price on EnLink Midstream Partners from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup lowered their price target on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Credit Suisse Group initiated coverage on EnLink Midstream Partners in a report on Friday, January 5th. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Morgan Stanley upped their price target on EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.18.
EnLink Midstream Partners (NYSE:ENLK) traded up $0.62 during midday trading on Friday, hitting $16.55. The stock had a trading volume of 643,338 shares, compared to its average volume of 803,797. EnLink Midstream Partners has a 52-week low of $14.43 and a 52-week high of $19.59. The stock has a market capitalization of $5,780.00, a PE ratio of -71.96 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.85.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Tuesday, January 30th. EnLink Midstream Partners’s payout ratio is currently -678.26%.
Several large investors have recently made changes to their positions in ENLK. Center Coast Capital Advisors LP lifted its holdings in EnLink Midstream Partners by 3.4% in the third quarter. Center Coast Capital Advisors LP now owns 14,024,298 shares of the oil and gas producer’s stock valued at $235,047,000 after acquiring an additional 461,130 shares during the period. Alps Advisors Inc. lifted its holdings in EnLink Midstream Partners by 3.3% in the fourth quarter. Alps Advisors Inc. now owns 13,690,156 shares of the oil and gas producer’s stock valued at $210,418,000 after acquiring an additional 432,641 shares during the period. Advisory Research Inc. lifted its holdings in EnLink Midstream Partners by 3.2% in the fourth quarter. Advisory Research Inc. now owns 9,276,044 shares of the oil and gas producer’s stock valued at $142,573,000 after acquiring an additional 285,624 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in EnLink Midstream Partners by 1.7% in the third 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 period. Finally, Harvest Fund Advisors LLC lifted its holdings in EnLink Midstream Partners by 1.1% in the third quarter. Harvest Fund Advisors LLC now owns 8,137,064 shares of the oil and gas producer’s stock valued at $136,377,000 after acquiring an additional 91,895 shares during the period. 41.63% of the stock is currently owned by hedge funds and other institutional investors.
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About EnLink Midstream Partners
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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