Brokerages expect that EnLink Midstream Partners LP (NYSE:ENLK) will announce sales of $1.46 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for EnLink Midstream Partners’ earnings. The lowest sales estimate is $1.43 billion and the highest is $1.50 billion. EnLink Midstream Partners posted sales of $1.22 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.7%. The company is expected to announce its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that EnLink Midstream Partners will report full-year sales of $1.46 billion for the current financial year, with estimates ranging from $5.37 billion to $5.49 billion. For the next year, analysts expect that the firm will report sales of $5.77 billion per share, with estimates ranging from $5.47 billion to $5.98 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for EnLink Midstream Partners.
EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.01) EPS for the quarter. EnLink Midstream Partners had a return on equity of 1.20% and a net margin of 0.76%.
A number of brokerages have issued reports on ENLK. Bank of America began coverage on EnLink Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating and a $18.00 price target for the company. Credit Suisse Group began coverage on EnLink Midstream Partners in a research note on Friday, January 5th. They issued a “neutral” rating and a $16.00 price target for the company. B. Riley set a $17.00 price target on EnLink Midstream Partners and gave the stock a “neutral” rating in a research note on Monday, December 18th. Goldman Sachs Group began coverage on EnLink Midstream Partners in a research note on Friday, November 17th. They issued a “neutral” rating for the company. Finally, Morgan Stanley increased their price target on EnLink Midstream Partners from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.
Shares of EnLink Midstream Partners (NYSE ENLK) traded up $0.37 during mid-day trading on Friday, reaching $17.45. The company’s stock had a trading volume of 552,631 shares, compared to its average volume of 638,927. EnLink Midstream Partners has a 1-year low of $14.43 and a 1-year high of $19.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. The stock has a market cap of $6,090.21, a price-to-earnings ratio of -75.87 and a beta of 2.08.
Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of EnLink Midstream Partners during the second quarter valued at about $103,000. Saratoga Research & Investment Management purchased a new position in shares of EnLink Midstream Partners during the third quarter valued at about $156,000. Rafferty Asset Management LLC purchased a new position in shares of EnLink Midstream Partners during the second quarter valued at about $184,000. Linscomb & Williams Inc. grew its position in shares of EnLink Midstream Partners by 2.1% during the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of EnLink Midstream Partners by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock valued at $189,000 after purchasing an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 41.67% of the company’s stock.
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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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