EnLink Midstream Partners LP (NYSE:ENLK) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.19 and last traded at $14.30, with a volume of 1162234 shares trading hands. The stock had previously closed at $14.69.
ENLK has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of EnLink Midstream Partners from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Credit Suisse Group initiated coverage on shares of EnLink Midstream Partners in a research note on Friday, January 5th. They set a “neutral” rating and a $16.00 price target on the stock. Morgan Stanley upped their price target on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. BidaskClub lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. EnLink Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $17.64.
The firm has a market cap of $5,130.00, a price-to-earnings ratio of 291.40 and a beta of 2.15. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.26%. The ex-dividend date was Tuesday, January 30th. EnLink Midstream Partners’s dividend payout ratio (DPR) is currently 3,120.00%.
Several hedge funds have recently added to or reduced their stakes in ENLK. First Dallas Securities Inc. purchased a new stake in EnLink Midstream Partners during the fourth quarter worth $109,000. Captrust Financial Advisors purchased a new stake in EnLink Midstream Partners during the fourth quarter worth $130,000. Stuart Chaussee & Associates Inc. purchased a new stake in EnLink Midstream Partners during the fourth quarter worth $143,000. Pitcairn Co. purchased a new stake in EnLink Midstream Partners during the fourth quarter worth $178,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in EnLink Midstream Partners by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after buying an additional 816 shares in the last quarter. 41.14% of the stock is currently owned by institutional investors and hedge funds.
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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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