EnLink Midstream Partners LP (NYSE:ENLK) – Investment analysts at US Capital Advisors boosted their Q3 2018 EPS estimates for shares of EnLink Midstream Partners in a research note issued to investors on Wednesday, October 17th. US Capital Advisors analyst J. Carreker now expects that the oil and gas producer will earn $0.10 per share for the quarter, up from their previous estimate of $0.09. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for EnLink Midstream Partners’ FY2018 earnings at $0.48 EPS, FY2019 earnings at $0.37 EPS and FY2020 earnings at $0.49 EPS.

Several other equities analysts also recently commented on ENLK. ValuEngine downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research raised shares of EnLink Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Monday, July 16th. B. Riley set a $17.00 price objective on shares of EnLink Midstream Partners and gave the company a “hold” rating in a research note on Wednesday, August 1st. Stifel Nicolaus raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, August 2nd. Finally, Robert W. Baird set a $18.00 price objective on shares of EnLink Midstream Partners and gave the company a “hold” rating in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.46.

Shares of NYSE:ENLK opened at $18.03 on Thursday. The company has a market capitalization of $6.53 billion, a P/E ratio of 605.67 and a beta of 2.28. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 1.05. EnLink Midstream Partners has a one year low of $12.75 and a one year high of $19.45.

EnLink Midstream Partners (NYSE:ENLK) last issued its quarterly earnings data on Tuesday, July 31st. The oil and gas producer reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. EnLink Midstream Partners had a net margin of 3.89% and a return on equity of 6.41%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS.

Several hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new position in shares of EnLink Midstream Partners during the third quarter valued at $28,277,000. Trust Department MB Financial Bank N A increased its position in shares of EnLink Midstream Partners by 733.3% during the third quarter. Trust Department MB Financial Bank N A now owns 25,000 shares of the oil and gas producer’s stock worth $466,000 after buying an additional 22,000 shares during the period. Northern Trust Corp increased its position in shares of EnLink Midstream Partners by 12.5% during the second quarter. Northern Trust Corp now owns 238,647 shares of the oil and gas producer’s stock worth $3,707,000 after buying an additional 26,527 shares during the period. Global X Management Co LLC increased its position in shares of EnLink Midstream Partners by 22.8% during the second quarter. Global X Management Co LLC now owns 2,301,784 shares of the oil and gas producer’s stock worth $35,747,000 after buying an additional 427,249 shares during the period. Finally, Jane Street Group LLC increased its position in shares of EnLink Midstream Partners by 206.8% during the second quarter. Jane Street Group LLC now owns 66,495 shares of the oil and gas producer’s stock worth $1,033,000 after buying an additional 44,819 shares during the period. 41.26% of the stock is owned by hedge funds and other institutional investors.

In other EnLink Midstream Partners news, major shareholder Goldman Sachs Group Inc purchased 91,538 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was purchased at an average price of $18.52 per share, with a total value of $1,695,283.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alaina K. Brooks sold 55,619 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $17.65, for a total transaction of $981,675.35. Following the transaction, the executive vice president now directly owns 80,648 shares of the company’s stock, valued at approximately $1,423,437.20. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for EnLink Midstream Partners (NYSE:ENLK)

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