Investment Analysts’ Recent Ratings Changes for EnLink Midstream Partners (ENLK)

A number of research firms have changed their ratings and price targets for EnLink Midstream Partners (NYSE: ENLK):

  • 11/9/2018 – EnLink Midstream Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas. “
  • 11/8/2018 – EnLink Midstream Partners had its price target lowered by analysts at Royal Bank of Canada from $19.00 to $17.00. They now have a “sector perform” rating on the stock.
  • 11/8/2018 – EnLink Midstream Partners was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $14.00 price target on the stock, down previously from $19.00.
  • 11/5/2018 – EnLink Midstream Partners was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 11/2/2018 – EnLink Midstream Partners was given a new $20.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 10/23/2018 – EnLink Midstream Partners had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $19.00 price target on the stock.
  • 10/23/2018 – EnLink Midstream Partners was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating. They now have a $18.00 price target on the stock, up previously from $17.00.
  • 10/23/2018 – EnLink Midstream Partners had its “market perform” rating reaffirmed by analysts at Raymond James.
  • 10/23/2018 – EnLink Midstream Partners had its “market perform” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 10/17/2018 – EnLink Midstream Partners was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $19.00 price target on the stock, up previously from $18.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/11/2018 – EnLink Midstream Partners is now covered by analysts at Credit Suisse Group AG. They set an “underperform” rating and a $17.00 price target on the stock.
  • 10/2/2018 – EnLink Midstream Partners was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2018 – EnLink Midstream Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas. “

ENLK opened at $13.28 on Wednesday. EnLink Midstream Partners LP has a twelve month low of $12.72 and a twelve month high of $19.45. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.85 and a quick ratio of 0.74. The company has a market capitalization of $4.74 billion, a P/E ratio of 442.67 and a beta of 2.13.

EnLink Midstream Partners (NYSE:ENLK) last posted its earnings results on Tuesday, November 6th. The oil and gas producer reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06). EnLink Midstream Partners had a return on equity of 8.27% and a net margin of 3.76%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 51.2% compared to the same quarter last year. Equities analysts expect that EnLink Midstream Partners LP will post 0.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, October 29th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.75%. EnLink Midstream Partners’s dividend payout ratio (DPR) is presently 5,200.00%.

In other EnLink Midstream Partners news, major shareholder Goldman Sachs Group Inc purchased 91,538 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was bought at an average cost of $18.52 per share, for a total transaction of $1,695,283.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Bramshill Investments LLC acquired a new position in shares of EnLink Midstream Partners during the third quarter worth approximately $847,000. MetLife Investment Advisors LLC acquired a new position in shares of EnLink Midstream Partners during the third quarter worth approximately $4,352,000. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of EnLink Midstream Partners during the third quarter worth approximately $14,752,000. Virtus ETF Advisers LLC acquired a new position in shares of EnLink Midstream Partners during the third quarter worth approximately $43,208,000. Finally, First Republic Investment Management Inc. lifted its holdings in shares of EnLink Midstream Partners by 8.3% during the third quarter. First Republic Investment Management Inc. now owns 170,039 shares of the oil and gas producer’s stock worth $3,170,000 after buying an additional 12,984 shares during the last quarter. Institutional investors own 42.40% of the company’s stock.

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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