Wells Fargo & Company MN decreased its holdings in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,814 shares of the oil and gas producer’s stock after selling 8,579 shares during the quarter. Wells Fargo & Company MN’s holdings in EnLink Midstream Partners were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of ENLK. Tower Research Capital LLC TRC purchased a new position in EnLink Midstream Partners in the second quarter valued at about $103,000. Saratoga Research & Investment Management purchased a new position in EnLink Midstream Partners in the third quarter valued at about $156,000. Rafferty Asset Management LLC purchased a new position in EnLink Midstream Partners in the second quarter valued at about $184,000. Linscomb & Williams Inc. grew its stake in EnLink Midstream Partners by 2.1% in the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in EnLink Midstream Partners by 7.9% in the second 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. Institutional investors and hedge funds own 41.67% of the company’s stock.
A number of brokerages have commented on ENLK. Bank of America began coverage on EnLink Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating and a $18.00 target price on the stock. Goldman Sachs Group began coverage on EnLink Midstream Partners in a research note on Friday, November 17th. They issued a “neutral” rating on the stock. BidaskClub downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, B. Riley set a $17.00 target price on EnLink Midstream Partners and gave the company a “neutral” rating in a research note on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.
Shares of EnLink Midstream Partners LP (NYSE ENLK) opened at $17.08 on Friday. EnLink Midstream Partners LP has a 12-month low of $14.43 and a 12-month high of $19.59. The firm has a market capitalization of $5,999.46, a PE ratio of -74.26 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.
EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.01) earnings per share for the quarter. EnLink Midstream Partners had a return on equity of 1.20% and a net margin of 0.76%. sell-side analysts expect that EnLink Midstream Partners LP will post 0.02 EPS for the current fiscal year.
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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