EnLink Midstream Partners (NYSE:ENLK) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.06), Morningstar.com reports. EnLink Midstream Partners had a net margin of 3.76% and a return on equity of 8.21%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis.
Shares of NYSE:ENLK opened at $14.31 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $5.13 billion, a PE ratio of 477.00 and a beta of 2.13. EnLink Midstream Partners has a 1 year low of $12.75 and a 1 year high of $19.45.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Monday, October 29th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.90%. The ex-dividend date of this dividend is Friday, October 26th. EnLink Midstream Partners’s dividend payout ratio is presently 5,200.00%.
Several large investors have recently modified their holdings of the company. Botty Investors LLC acquired a new position in EnLink Midstream Partners during the third quarter worth $166,000. Creative Planning acquired a new position in EnLink Midstream Partners during the second quarter worth $171,000. US Bancorp DE boosted its stake in EnLink Midstream Partners by 271.1% during the third quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock worth $182,000 after buying an additional 7,144 shares during the last quarter. Baldwin Brothers Inc. MA acquired a new position in EnLink Midstream Partners during the second quarter worth $208,000. Finally, LVW Advisors LLC acquired a new position in EnLink Midstream Partners during the third quarter worth $223,000. 41.67% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on ENLK shares. ValuEngine raised EnLink Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Morgan Stanley set a $20.00 price objective on EnLink Midstream Partners and gave the company a “hold” rating in a report on Friday, November 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 price objective on shares of EnLink Midstream Partners in a report on Tuesday, October 23rd. Zacks Investment Research raised EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, September 26th. Finally, Credit Suisse Group started coverage on EnLink Midstream Partners in a report on Thursday, October 11th. They issued an “underperform” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. EnLink Midstream Partners currently has an average rating of “Hold” and an average target price of $17.50.
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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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