EnLink Midstream Partners (NYSE:ENLK) had its price objective dropped by research analysts at Barclays from $18.00 to $15.00 in a report issued on Tuesday. The brokerage currently has an “equal weight” rating on the oil and gas producer’s stock. Barclays’ price target points to a potential upside of 2.39% from the company’s previous close.
ENLK has been the subject of several other research reports. Credit Suisse Group started coverage on shares of EnLink Midstream Partners in a report on Friday, January 5th. They set a “neutral” rating and a $16.00 price target for the company. Zacks Investment Research lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. ValuEngine lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. B. Riley set a $17.00 price target on shares of EnLink Midstream Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. Finally, JPMorgan Chase upgraded shares of EnLink Midstream Partners from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $17.00 in a report on Wednesday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.62.
NYSE ENLK traded up $0.14 during trading hours on Tuesday, reaching $14.65. The company’s stock had a trading volume of 872,083 shares, compared to its average volume of 822,737. The firm has a market cap of $4,812.81, a PE ratio of 488.33 and a beta of 2.13. EnLink Midstream Partners has a 52 week low of $12.75 and a 52 week high of $18.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.77 and a quick ratio of 0.74.
EnLink Midstream Partners (NYSE:ENLK) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.46 billion. EnLink Midstream Partners had a net margin of 2.51% and a return on equity of 3.43%. research analysts anticipate that EnLink Midstream Partners will post 0.36 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in EnLink Midstream Partners by 2.3% in the 2nd quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock valued at $244,000 after purchasing an additional 326 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in EnLink Midstream Partners by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after acquiring an additional 816 shares during the last quarter. First Capital Advisors Group LLC. boosted its holdings in EnLink Midstream Partners by 25.7% during the 4th quarter. First Capital Advisors Group LLC. now owns 15,159 shares of the oil and gas producer’s stock worth $233,000 after acquiring an additional 3,104 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in EnLink Midstream Partners by 1.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 317,645 shares of the oil and gas producer’s stock worth $4,882,000 after acquiring an additional 3,872 shares during the last quarter. Finally, First Dallas Securities Inc. purchased a new position in EnLink Midstream Partners during the 4th quarter worth $109,000. 41.23% of the stock is owned by institutional investors.
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About EnLink Midstream Partners
EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.
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