EnLink Midstream Partners LP (NYSE:ENLK) – Analysts at Jefferies Financial Group raised their Q3 2018 EPS estimates for EnLink Midstream Partners in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Sighinolfi now anticipates that the oil and gas producer will post earnings of $0.08 per share for the quarter, up from their previous estimate of $0.06. Jefferies Financial Group also issued estimates for EnLink Midstream Partners’ Q4 2018 earnings at $0.08 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.21 EPS and FY2020 earnings at $0.30 EPS.
A number of other brokerages have also commented on ENLK. ValuEngine raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Credit Suisse Group began coverage on shares of EnLink Midstream Partners in a research report on Thursday, October 11th. They set an “underperform” rating and a $17.00 target price on the stock. Zacks Investment Research raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, September 26th. Citigroup lowered shares of EnLink Midstream Partners from a “buy” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $19.00 in a research report on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Barclays raised their target price on shares of EnLink Midstream Partners from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.36.
Shares of NYSE:ENLK traded down $0.46 during trading on Wednesday, reaching $13.82. 1,277,536 shares of the company were exchanged, compared to its average volume of 1,605,688. The firm has a market cap of $5.01 billion, a PE ratio of 460.67 and a beta of 2.13. EnLink Midstream Partners has a 12-month low of $12.75 and a 12-month high of $19.45. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.64 and a current ratio of 0.72.
EnLink Midstream Partners (NYSE:ENLK) last announced 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 Thomson Reuters’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $1.86 billion. EnLink Midstream Partners had a return on equity of 8.21% and a net margin of 3.76%. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Monday, October 29th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 11.29%. The ex-dividend date is Friday, October 26th. EnLink Midstream Partners’s payout ratio is 5,200.00%.
In other EnLink Midstream Partners news, major shareholder Goldman Sachs Group Inc acquired 16,700 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were bought at an average cost of $18.26 per share, with a total value of $304,942.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
A number of hedge funds have recently modified their holdings of ENLK. Botty Investors LLC purchased a new position in EnLink Midstream Partners in the third quarter worth $166,000. US Bancorp DE grew its holdings in EnLink Midstream Partners by 271.1% in the third quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 7,144 shares during the last quarter. Creative Planning purchased a new position in EnLink Midstream Partners in the second quarter worth $171,000. LVW Advisors LLC purchased a new position in EnLink Midstream Partners in the third quarter worth $223,000. Finally, Baldwin Brothers Inc. MA purchased a new position in EnLink Midstream Partners in the second quarter worth $208,000. 41.67% of the stock is currently owned by institutional investors.
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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