EnLink Midstream Partners LP (ENLK) Set to Announce Quarterly Earnings on Monday
EnLink Midstream Partners LP (NYSE:ENLK) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Shares of EnLink Midstream Partners LP (NYSE:ENLK) opened at 16.08 on Monday. EnLink Midstream Partners LP has a 1-year low of $14.43 and a 1-year high of $19.59. The firm’s 50-day moving average is $16.39 and its 200-day moving average is $16.73. The company’s market capitalization is $5.59 billion.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.70%. The ex-dividend date is Tuesday, October 31st. EnLink Midstream Partners’s payout ratio is -649.97%.
Several research firms have recently issued reports on ENLK. Zacks Investment Research upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Seaport Global Securities began coverage on shares of EnLink Midstream Partners in a report on Tuesday, October 10th. They set a “neutral” rating and a $18.00 price objective on the stock. ValuEngine downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $16.00 price objective (down previously from $17.00) on shares of EnLink Midstream Partners in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.14.
An institutional investor recently raised its position in EnLink Midstream Partners stock. The Manufacturers Life Insurance Company increased its holdings in EnLink Midstream Partners LP (NYSE:ENLK) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,147 shares of the oil and gas producer’s stock after buying an additional 816 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in EnLink Midstream Partners were worth $189,000 at the end of the most recent reporting period. 40.57% of the stock is currently owned by hedge funds and other institutional investors.
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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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