Alaina K. Brooks Sells 55,619 Shares of EnLink Midstream Partners LP (ENLK) Stock

EnLink Midstream Partners LP (NYSE:ENLK) EVP Alaina K. Brooks sold 55,619 shares of the firm’s 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 sale, the executive vice president now directly owns 80,648 shares of the company’s stock, valued at approximately $1,423,437.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of EnLink Midstream Partners opened at $18.01 on Friday, Marketbeat reports. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 65.85 and a beta of 2.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.64 and a current ratio of 0.72. EnLink Midstream Partners LP has a 52-week low of $12.75 and a 52-week high of $18.58.

EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings results on Tuesday, July 31st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. The business 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 company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 earnings per share. equities research analysts anticipate that EnLink Midstream Partners LP will post 0.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 13th. Stockholders of record on Monday, July 30th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, July 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.66%. EnLink Midstream Partners’s dividend payout ratio is presently 5,200.00%.

Several hedge funds have recently bought and sold shares of ENLK. Brookfield Asset Management Inc. lifted its holdings in shares of EnLink Midstream Partners by 636.5% in the first quarter. Brookfield Asset Management Inc. now owns 13,592,141 shares of the oil and gas producer’s stock valued at $185,669,000 after purchasing an additional 11,746,641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of EnLink Midstream Partners in the second quarter valued at approximately $48,852,000. Bank of Montreal Can bought a new position in shares of EnLink Midstream Partners in the second quarter valued at approximately $31,271,000. Eagle Global Advisors LLC lifted its holdings in shares of EnLink Midstream Partners by 50.4% in the second quarter. Eagle Global Advisors LLC now owns 3,917,499 shares of the oil and gas producer’s stock valued at $60,839,000 after purchasing an additional 1,312,978 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of EnLink Midstream Partners by 6.0% in the second quarter. Alps Advisors Inc. now owns 13,777,160 shares of the oil and gas producer’s stock valued at $213,959,000 after purchasing an additional 778,454 shares in the last quarter. Institutional investors own 41.63% of the company’s stock.

Several research firms recently commented on ENLK. Robert W. Baird set a $18.00 target price on EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Monday. Barclays decreased their target price on EnLink Midstream Partners from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 17th. B. Riley set a $17.00 target price on EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Stifel Nicolaus set a $18.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a report on Wednesday, June 6th. Finally, Zacks Investment Research lowered EnLink Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.86.

EnLink Midstream Partners Company Profile

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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