EnLink Midstream Partners LP (NYSE:ENLK) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.17.
A number of research analysts recently issued reports on ENLK shares. TheStreet upgraded EnLink Midstream Partners from a “c+” rating to a “b-” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, September 26th. ValuEngine upgraded EnLink Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Morgan Stanley set a $20.00 price objective on EnLink Midstream Partners and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, Barclays increased their price objective on EnLink Midstream Partners from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th.
In related news, major shareholder Goldman Sachs Group Inc purchased 16,700 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was purchased at an average cost of $18.26 per share, for a total transaction of $304,942.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of ENLK. Creative Planning bought a new position in EnLink Midstream Partners in the second quarter valued at approximately $171,000. Alps Advisors Inc. lifted its position in shares of EnLink Midstream Partners by 5.3% in the second quarter. Alps Advisors Inc. now owns 13,690,156 shares of the oil and gas producer’s stock valued at $210,418,000 after buying an additional 691,450 shares during the last quarter. First Trust Advisors LP lifted its position in shares of EnLink Midstream Partners by 321.0% in the second quarter. First Trust Advisors LP now owns 541,517 shares of the oil and gas producer’s stock valued at $8,410,000 after buying an additional 412,893 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of EnLink Midstream Partners by 2.7% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,871,399 shares of the oil and gas producer’s stock valued at $29,063,000 after buying an additional 50,000 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of EnLink Midstream Partners in the second quarter valued at approximately $48,852,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.
Shares of EnLink Midstream Partners stock traded down $0.01 during trading hours on Monday, hitting $13.34. The company’s stock had a trading volume of 998,403 shares, compared to its average volume of 1,319,359. EnLink Midstream Partners has a 12 month low of $12.72 and a 12 month high of $19.45. The company has a market capitalization of $4.71 billion, a P/E ratio of 444.67 and a beta of 2.09. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.85 and a quick ratio of 0.74.
EnLink Midstream Partners (NYSE:ENLK) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.86 billion. EnLink Midstream Partners had a return on equity of 8.27% and a net margin of 3.76%. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, equities analysts anticipate that EnLink Midstream Partners will post 0.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Monday, October 29th were paid a $0.39 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 11.69%. EnLink Midstream Partners’s dividend payout ratio is 5,200.00%.
About EnLink Midstream Partners
EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.
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