Brokerages predict that EnLink Midstream Partners LP (NYSE:ENLK) will report $0.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for EnLink Midstream Partners’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.06. EnLink Midstream Partners posted earnings per share of ($0.01) in the same quarter last year, which would suggest a positive year over year growth rate of 1,200%. The business is expected to announce its next earnings report on Tuesday, October 30th.
On average, analysts expect that EnLink Midstream Partners will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.37 to $0.52. For the next fiscal year, analysts anticipate that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.18 to $0.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow EnLink Midstream Partners.
EnLink Midstream Partners (NYSE:ENLK) last released its earnings results on Tuesday, July 31st. The oil and gas producer reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.03 earnings per share.
Several research analysts recently issued reports on ENLK shares. ValuEngine raised EnLink Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. B. Riley set a $17.00 target price on EnLink Midstream Partners and gave the company a “hold” rating in a research report on Monday, June 4th. Zacks Investment Research raised EnLink Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 16th. US Capital Advisors reaffirmed a “hold” rating on shares of EnLink Midstream Partners in a research report on Tuesday, July 17th. Finally, Stifel Nicolaus raised EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. EnLink Midstream Partners has an average rating of “Hold” and an average price target of $17.15.
In other news, EVP Alaina K. Brooks sold 55,619 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $17.65, for a total transaction of $981,675.35. Following the completion of the sale, the executive vice president now owns 80,648 shares in the company, valued at approximately $1,423,437.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc acquired 91,538 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average price of $18.52 per share, with a total value of $1,695,283.76. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ENLK. Creative Planning purchased a new stake in shares of EnLink Midstream Partners during the 2nd quarter valued at $171,000. Baldwin Brothers Inc. MA purchased a new stake in shares of EnLink Midstream Partners during the 2nd quarter valued at $208,000. First Capital Advisors Group LLC. purchased a new stake in shares of EnLink Midstream Partners during the 2nd quarter valued at $235,000. Summit Trail Advisors LLC lifted its holdings in shares of EnLink Midstream Partners by 1,534.0% during the 1st quarter. Summit Trail Advisors LLC now owns 285,460 shares of the oil and gas producer’s stock valued at $285,000 after purchasing an additional 267,990 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of EnLink Midstream Partners by 30.7% during the 2nd quarter. Stephens Inc. AR now owns 19,841 shares of the oil and gas producer’s stock valued at $308,000 after purchasing an additional 4,658 shares during the last quarter. Hedge funds and other institutional investors own 41.27% of the company’s stock.
NYSE:ENLK traded down $0.11 during midday trading on Friday, hitting $18.59. The stock had a trading volume of 3,327,749 shares, compared to its average volume of 965,702. EnLink Midstream Partners has a one year low of $12.75 and a one year high of $19.45. The stock has a market cap of $6.59 billion, a P/E ratio of 619.67 and a beta of 2.29. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 1.05.
About EnLink Midstream Partners
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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