Analysts expect that EnLink Midstream Partners LP (NYSE:ENLK) will report sales of $1.46 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for EnLink Midstream Partners’ earnings. The highest sales estimate is $1.50 billion and the lowest is $1.43 billion. EnLink Midstream Partners posted sales of $1.22 billion during the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The company is scheduled to announce its next earnings results on Tuesday, February 13th.
On average, analysts expect that EnLink Midstream Partners will report full year sales of $1.46 billion for the current year, with estimates ranging from $5.37 billion to $5.49 billion. For the next year, analysts expect that the firm will post sales of $5.77 billion per share, with estimates ranging from $5.47 billion to $5.98 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for EnLink Midstream Partners.
A number of equities analysts have recently commented on the stock. Goldman Sachs Group assumed coverage on shares of EnLink Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Citigroup reduced their price objective on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. UBS Group raised shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.22.
Shares of EnLink Midstream Partners (NYSE ENLK) traded up $0.58 during trading on Thursday, reaching $16.83. 867,200 shares of the company’s stock were exchanged, compared to its average volume of 708,250. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners has a 12-month low of $14.43 and a 12-month high of $19.59. The company has a market cap of $5,900.00, a P/E ratio of -73.17 and a beta of 2.08.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in shares of EnLink Midstream Partners during the 2nd quarter worth about $103,000. Ffcm LLC increased its position in shares of EnLink Midstream Partners by 223.2% during the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 4,593 shares in the last quarter. Saratoga Research & Investment Management acquired a new stake in shares of EnLink Midstream Partners during the 3rd quarter worth about $156,000. Rafferty Asset Management LLC acquired a new stake in shares of EnLink Midstream Partners during the 2nd quarter worth about $184,000. Finally, Linscomb & Williams Inc. increased its position in shares of EnLink Midstream Partners by 2.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock worth $185,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.
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About EnLink Midstream Partners
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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