EnLink Midstream Partners, LP (NYSE:ENLK) has received a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.62.
A number of analysts have issued reports on ENLK shares. Credit Suisse Group started coverage on shares of EnLink Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $16.00 price target on the stock. Zacks Investment Research cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. ValuEngine cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. JPMorgan Chase raised shares of EnLink Midstream Partners from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, April 4th. Finally, Bank of America dropped their price objective on shares of EnLink Midstream Partners from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, March 27th.
Several hedge funds have recently added to or reduced their stakes in the stock. First Dallas Securities Inc. purchased a new stake in EnLink Midstream Partners in the 4th quarter valued at about $109,000. Captrust Financial Advisors purchased a new stake in EnLink Midstream Partners in the 4th quarter valued at about $130,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of EnLink Midstream Partners in the 4th quarter valued at about $143,000. The Manufacturers Life Insurance Company raised its holdings in shares of EnLink Midstream Partners by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock valued at $189,000 after purchasing an additional 816 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of EnLink Midstream Partners in the 4th quarter valued at about $178,000. 41.23% of the stock is owned by hedge funds and other institutional investors.
Shares of ENLK stock traded down $0.16 on Friday, hitting $13.85. 533,092 shares of the stock traded hands, compared to its average volume of 824,683. The company has a market capitalization of $4,847.82, a price-to-earnings ratio of 461.67 and a beta of 2.13. EnLink Midstream Partners has a 52 week low of $12.75 and a 52 week high of $18.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.77 and a quick ratio of 0.74.
EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.46 billion. EnLink Midstream Partners had a net margin of 2.51% and a return on equity of 3.43%. equities research analysts expect that EnLink Midstream Partners will post 0.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 30th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, April 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.26%. EnLink Midstream Partners’s dividend payout ratio is presently 5,200.00%.
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EnLink Midstream Partners Company Profile
EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.
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