EnLink Midstream Partners (ENLK) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their market perform rating on shares of EnLink Midstream Partners (NYSE:ENLK) in a research note published on Tuesday.

ENLK has been the topic of a number of other reports. ValuEngine raised EnLink Midstream Partners from a sell rating to a hold rating in a research note on Thursday, August 2nd. Robert W. Baird set a $18.00 price objective on EnLink Midstream Partners and gave the stock a hold rating in a research note on Monday, August 6th. Stifel Nicolaus raised EnLink Midstream Partners from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Thursday, August 2nd. Citigroup lowered EnLink Midstream Partners from a buy rating to a neutral rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Credit Suisse Group began coverage on EnLink Midstream Partners in a research note on Thursday, October 11th. They issued an underperform rating and a $17.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $17.64.

Shares of EnLink Midstream Partners stock traded down $0.64 during midday trading on Tuesday, reaching $15.85. The company had a trading volume of 744,528 shares, compared to its average volume of 963,387. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.72 and a quick ratio of 0.64. The firm has a market cap of $5.92 billion, a P/E ratio of 62.59 and a beta of 2.28. EnLink Midstream Partners has a fifty-two week low of $12.75 and a fifty-two week high of $19.45.



EnLink Midstream Partners (NYSE:ENLK) last posted its quarterly earnings data on Tuesday, July 31st. The oil and gas producer reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. EnLink Midstream Partners had a return on equity of 6.41% and a net margin of 3.89%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities analysts anticipate that EnLink Midstream Partners will post 0.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, October 29th will be issued a $0.39 dividend. The ex-dividend date is Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 9.84%. EnLink Midstream Partners’s payout ratio is currently 5,200.00%.

In other EnLink Midstream Partners news, EVP Alaina K. Brooks sold 55,619 shares of EnLink Midstream Partners stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $17.65, for a total value of $981,675.35. Following the completion of the sale, the executive vice president now directly owns 80,648 shares in the company, valued at $1,423,437.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc acquired 16,700 shares of the firm’s stock in a transaction dated Friday, October 19th. The shares were purchased at an average price of $18.26 per share, with a total value of $304,942.00. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Botty Investors LLC bought a new stake in shares of EnLink Midstream Partners during the third quarter valued at approximately $166,000. Creative Planning bought a new stake in shares of EnLink Midstream Partners during the second quarter valued at approximately $171,000. Baldwin Brothers Inc. MA bought a new stake in shares of EnLink Midstream Partners during the second quarter valued at approximately $208,000. First Capital Advisors Group LLC. bought a new stake in shares of EnLink Midstream Partners during the second quarter valued at approximately $235,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of EnLink Midstream Partners during the second quarter valued at approximately $1,048,000. Hedge funds and other institutional investors own 41.43% 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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Analyst Recommendations for EnLink Midstream Partners (NYSE:ENLK)

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