ValuEngine lowered shares of EnLink Midstream Partners (NYSE:ENLK) from a hold rating to a sell rating in a research report report published on Tuesday.
Other analysts also recently issued research reports about the stock. Barclays lowered 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. Stifel Nicolaus set a $18.00 price objective on shares of EnLink Midstream Partners and gave the stock a hold rating in a report on Wednesday, June 6th. Morgan Stanley restated an equal weight rating and set a $18.00 price objective (down previously from $19.00) on shares of EnLink Midstream Partners in a report on Friday, March 9th. Seaport Global Securities set a $13.00 price objective on shares of EnLink Midstream Partners and gave the stock a hold rating in a report on Monday, April 9th. Finally, US Capital Advisors downgraded shares of EnLink Midstream Partners from an overweight rating to a hold rating in a report on Friday, April 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $16.69.
Shares of ENLK stock opened at $15.53 on Tuesday. The stock has a market capitalization of $5.39 billion, a PE ratio of 517.67 and a beta of 2.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.98. EnLink Midstream Partners has a one year low of $12.75 and a one year high of $18.58.
EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Tuesday, May 1st. The oil and gas producer reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.65 billion. EnLink Midstream Partners had a net margin of 3.09% and a return on equity of 4.52%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. equities research analysts anticipate that EnLink Midstream Partners will post 0.32 earnings per share for the current fiscal year.
In other EnLink Midstream Partners news, CAO Susan J. Mcaden sold 14,929 shares of the 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 transaction, the chief accounting officer now owns 27,464 shares in the company, valued at $447,388.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of ENLK. Brookfield Asset Management Inc. boosted its position in EnLink Midstream Partners by 636.5% during the first quarter. Brookfield Asset Management Inc. now owns 13,592,141 shares of the oil and gas producer’s stock worth $185,669,000 after purchasing an additional 11,746,641 shares during the period. Eagle Global Advisors LLC boosted its position in EnLink Midstream Partners by 40.1% during the fourth quarter. Eagle Global Advisors LLC now owns 2,616,399 shares of the oil and gas producer’s stock worth $40,214,000 after purchasing an additional 749,200 shares during the period. Northwestern Mutual Investment Management Company LLC bought a new position in EnLink Midstream Partners during the first quarter worth about $6,937,000. Clearbridge Investments LLC boosted its position in EnLink Midstream Partners by 4.8% during the fourth quarter. Clearbridge Investments LLC now owns 10,284,122 shares of the oil and gas producer’s stock worth $158,067,000 after purchasing an additional 468,760 shares during the period. Finally, UBS Group AG boosted its position in EnLink Midstream Partners by 31.2% during the first quarter. UBS Group AG now owns 1,760,657 shares of the oil and gas producer’s stock worth $24,051,000 after purchasing an additional 418,291 shares during the period. Hedge funds and other institutional investors own 41.52% of the company’s stock.
EnLink Midstream Partners Company Profile
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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