EnLink Midstream Partners, LP (NYSE:ENLK) has been assigned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.62.
Several research firms have weighed in on ENLK. Zacks Investment Research downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Barclays dropped their target price on shares of EnLink Midstream Partners from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Tuesday, April 17th. Robert W. Baird set a $20.00 target price on shares of EnLink Midstream Partners and gave the company a “buy” rating in a report on Monday, February 12th. ValuEngine downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Seaport Global Securities set a $13.00 target price on shares of EnLink Midstream Partners and gave the company a “hold” rating in a report on Monday, April 9th.
Shares of EnLink Midstream Partners opened at $16.49 on Thursday, according to MarketBeat. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. EnLink Midstream Partners has a 52-week low of $12.75 and a 52-week high of $18.58. The stock has a market capitalization of $5.78 billion, a PE ratio of 164.90 and a beta of 2.12.
EnLink Midstream Partners (NYSE:ENLK) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). EnLink Midstream Partners had a net margin of 3.09% and a return on equity of 4.52%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.46 billion. equities research analysts forecast that EnLink Midstream Partners will post 0.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Monday, April 30th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, April 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.46%. EnLink Midstream Partners’s dividend payout ratio (DPR) is presently 5,200.00%.
In other news, CAO Susan J. Mcaden sold 14,929 shares of EnLink Midstream Partners stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $16.29, for a total transaction of $243,193.41. Following the completion of the sale, the chief accounting officer now directly owns 27,464 shares in the company, valued at $447,388.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Dallas Securities Inc. purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth about $109,000. Captrust Financial Advisors purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth about $130,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth about $143,000. Pitcairn Co. purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth about $178,000. Finally, Icon Wealth Partners LLC purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth about $226,000. Institutional investors and hedge funds own 41.14% 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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