ValuEngine upgraded shares of EnLink Midstream Partners (NYSE:ENLK) from a hold rating to a buy rating in a report published on Friday morning.
Several other equities research analysts also recently weighed in on ENLK. B. Riley set a $17.00 price target on EnLink Midstream Partners and gave the stock a hold rating in a report on Monday, June 4th. Stifel Nicolaus set a $18.00 target price on EnLink Midstream Partners and gave the company a hold rating in a report on Wednesday, June 6th. Barclays raised their target price on EnLink Midstream Partners from $15.00 to $16.00 and gave the company a hold rating in a report on Tuesday, June 12th. Zacks Investment Research raised EnLink Midstream Partners from a hold rating to a strong-buy rating and set a $17.00 target price for the company in a report on Monday, July 16th. Finally, US Capital Advisors reissued a hold rating on shares of EnLink Midstream Partners in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $17.15.
Shares of NYSE ENLK traded up $0.07 during mid-day trading on Friday, hitting $19.17. 1,380,771 shares of the company were exchanged, compared to its average volume of 1,086,384. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.72 and a quick ratio of 0.64. EnLink Midstream Partners has a 1-year low of $12.75 and a 1-year high of $19.41. The company has a market cap of $6.69 billion, a PE ratio of 639.00 and a beta of 2.29.
EnLink Midstream Partners (NYSE:ENLK) last issued its quarterly earnings results on Tuesday, July 31st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. EnLink Midstream Partners had a return on equity of 6.41% and a net margin of 3.89%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. analysts anticipate that EnLink Midstream Partners will post 0.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Monday, July 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date was Friday, July 27th. EnLink Midstream Partners’s dividend payout ratio (DPR) is currently 5,200.00%.
In other news, EVP Alaina K. Brooks sold 55,619 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $17.65, for a total value of $981,675.35. Following the completion of the transaction, the executive vice president now owns 80,648 shares in the company, valued at $1,423,437.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENLK. Brookfield Asset Management Inc. increased its position in shares of EnLink Midstream Partners by 636.5% in the first quarter. Brookfield Asset Management Inc. now owns 13,592,141 shares of the oil and gas producer’s stock valued at $185,669,000 after buying an additional 11,746,641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of EnLink Midstream Partners in the second quarter valued at $48,852,000. Bank of Montreal Can purchased a new position in shares of EnLink Midstream Partners in the second quarter valued at $31,271,000. Eagle Global Advisors LLC increased its position in shares of EnLink Midstream Partners by 50.4% in the second quarter. Eagle Global Advisors LLC now owns 3,917,499 shares of the oil and gas producer’s stock valued at $60,839,000 after buying an additional 1,312,978 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in shares of EnLink Midstream Partners by 6.0% in the second quarter. Alps Advisors Inc. now owns 13,777,160 shares of the oil and gas producer’s stock valued at $213,959,000 after buying an additional 778,454 shares in the last quarter. Institutional investors and hedge funds own 41.40% of the company’s stock.
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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