Goldman Sachs Group started coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a research note released on Friday, November 17th, Marketbeat reports. The brokerage issued a neutral rating on the oil and gas producer’s stock.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of EnLink Midstream Partners from a sell rating to a hold rating in a research report on Thursday, October 26th. Seaport Global Securities assumed coverage on EnLink Midstream Partners in a research note on Tuesday, October 10th. They issued a neutral rating and a $18.00 price target for the company. BidaskClub raised EnLink Midstream Partners from a sell rating to a hold rating in a research note on Friday, September 1st. Citigroup lowered their price objective on EnLink Midstream Partners from $21.00 to $19.00 and set a buy rating for the company in a research report on Thursday, November 2nd. Finally, UBS upgraded EnLink Midstream Partners from a neutral rating to a buy rating and set a $19.00 price target for the company in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $18.38.
EnLink Midstream Partners (NYSE ENLK) traded down $0.50 during midday trading on Friday, reaching $14.95. 730,756 shares of the company’s stock traded hands, compared to its average volume of 632,751. EnLink Midstream Partners has a 1-year low of $14.43 and a 1-year high of $19.59. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.56 annualized dividend and a dividend yield of 10.43%. EnLink Midstream Partners’s dividend payout ratio (DPR) is -678.23%.
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of EnLink Midstream Partners during the 2nd quarter worth approximately $103,000. Ffcm LLC grew its position in EnLink Midstream Partners by 223.2% in the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 4,593 shares during the last quarter. Solaris Asset Management LLC grew its position in EnLink Midstream Partners by 22.9% in the 2nd quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock valued at $138,000 after acquiring an additional 1,515 shares during the last quarter. Penserra Capital Management LLC grew its position in EnLink Midstream Partners by 244.6% in the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock valued at $151,000 after acquiring an additional 6,351 shares during the last quarter. Finally, Saratoga Research & Investment Management bought a new position in EnLink Midstream Partners in the 3rd quarter valued at $156,000. 41.67% 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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