EnLink Midstream Partners (NYSE:ENLK) will post its quarterly earnings results after the market closes on Monday, February 12th. Analysts expect EnLink Midstream Partners to post earnings of $0.04 per share for the quarter.
EnLink Midstream Partners (ENLK) opened at $16.82 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $5,870.33, a price-to-earnings ratio of -73.13 and a beta of 2.08. EnLink Midstream Partners has a 12-month low of $14.43 and a 12-month high of $19.59.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 9.27%. The ex-dividend date of this dividend is Tuesday, January 30th. EnLink Midstream Partners’s payout ratio is -678.23%.
An institutional investor recently raised its position in EnLink Midstream Partners stock. The Manufacturers Life Insurance Company increased its stake in EnLink Midstream Partners LP (NYSE:ENLK) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,147 shares of the oil and gas producer’s stock after purchasing an additional 816 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in EnLink Midstream Partners were worth $189,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 41.84% of the company’s stock.
Several research analysts have weighed in on the company. ValuEngine cut EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America assumed coverage on EnLink Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating and a $18.00 price objective on the stock. Credit Suisse Group assumed coverage on EnLink Midstream Partners in a research report on Friday, January 5th. They set a “neutral” rating and a $16.00 price objective on the stock. B. Riley set a $17.00 price objective on EnLink Midstream Partners and gave the stock a “neutral” rating in a research report on Monday, December 18th. Finally, Goldman Sachs Group assumed coverage on EnLink Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
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EnLink Midstream Partners Company Profile
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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