Zacks: Analysts Expect EnLink Midstream Partners LP (ENLK) Will Post Quarterly Sales of $2.28 Billion
Brokerages forecast that EnLink Midstream Partners LP (NYSE:ENLK) will announce $2.28 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for EnLink Midstream Partners’ earnings. The highest sales estimate is $2.45 billion and the lowest is $2.19 billion. EnLink Midstream Partners reported sales of $1.76 billion during the same quarter last year, which indicates a positive year over year growth rate of 29.5%. The firm is expected to announce its next earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that EnLink Midstream Partners will report full year sales of $7.85 billion for the current financial year, with estimates ranging from $7.71 billion to $8.09 billion. For the next financial year, analysts forecast that the business will post sales of $9.13 billion, with estimates ranging from $8.72 billion to $9.94 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow EnLink Midstream Partners.
EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $1.86 billion. EnLink Midstream Partners had a return on equity of 8.27% and a net margin of 3.76%. EnLink Midstream Partners’s revenue was up 51.2% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS.
EnLink Midstream Partners stock traded up $0.17 during trading hours on Friday, reaching $13.44. The stock had a trading volume of 75,846 shares, compared to its average volume of 1,845,601. The firm has a market cap of $4.69 billion, a PE ratio of 448.17 and a beta of 2.13. EnLink Midstream Partners has a 52 week low of $12.72 and a 52 week high of $19.45. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.13.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, October 29th were given a dividend of $0.39 per share. The ex-dividend date was Friday, October 26th. This represents a $1.56 annualized dividend and a yield of 11.61%. EnLink Midstream Partners’s dividend payout ratio (DPR) is 5,200.00%.
In other EnLink Midstream Partners news, major shareholder Goldman Sachs Group Inc bought 91,538 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $18.52 per share, for a total transaction of $1,695,283.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Botty Investors LLC bought a new position in shares of EnLink Midstream Partners in the third quarter worth approximately $166,000. US Bancorp DE boosted its position in shares of EnLink Midstream Partners by 271.1% in the third quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 7,144 shares during the period. Creative Planning bought a new position in shares of EnLink Midstream Partners in the second quarter worth approximately $171,000. Tower Research Capital LLC TRC boosted its position in shares of EnLink Midstream Partners by 1,746.6% in the third quarter. Tower Research Capital LLC TRC now owns 11,781 shares of the oil and gas producer’s stock worth $220,000 after purchasing an additional 11,143 shares during the period. Finally, LVW Advisors LLC bought a new position in shares of EnLink Midstream Partners in the third quarter worth approximately $223,000. Institutional investors and hedge funds own 42.40% of the company’s stock.
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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