Wall Street analysts expect EnLink Midstream Partners, LP (NYSE:ENLK) to report $1.33 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for EnLink Midstream Partners,’s earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.49 billion. EnLink Midstream Partners, posted sales of $1.10 billion in the same quarter last year, which would indicate a positive year over year growth rate of 20.9%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that EnLink Midstream Partners, will report full-year sales of $1.33 billion for the current year, with estimates ranging from $5.21 billion to $5.82 billion. For the next fiscal year, analysts anticipate that the business will post sales of $6.12 billion per share, with estimates ranging from $5.36 billion to $7.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for EnLink Midstream Partners,.

ENLK has been the subject of several analyst reports. BidaskClub upgraded EnLink Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $16.00 target price (down previously from $17.00) on shares of EnLink Midstream Partners, in a research note on Sunday, September 3rd. Finally, Seaport Global Securities initiated coverage on EnLink Midstream Partners, in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. EnLink Midstream Partners, presently has a consensus rating of “Hold” and a consensus target price of $18.14.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/22/1-33-billion-in-sales-expected-for-enlink-midstream-partners-lp-enlk-this-quarter.html.

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of EnLink Midstream Partners, during the 2nd quarter valued at about $103,000. Ffcm LLC boosted its position in shares of EnLink Midstream Partners, by 223.2% during the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 4,593 shares during the last quarter. Solaris Asset Management LLC boosted its position in shares of EnLink Midstream Partners, by 22.9% during the 2nd quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock valued at $138,000 after acquiring an additional 1,515 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of EnLink Midstream Partners, by 244.6% during the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock valued at $151,000 after acquiring an additional 6,351 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of EnLink Midstream Partners, during the 2nd quarter valued at about $184,000. Hedge funds and other institutional investors own 40.57% of the company’s stock.

Shares of EnLink Midstream Partners, (NYSE ENLK) opened at 16.08 on Friday. The company’s 50-day moving average is $16.39 and its 200 day moving average is $16.73. EnLink Midstream Partners, has a 52-week low of $14.43 and a 52-week high of $19.59. The company’s market cap is $5.59 billion.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.70%. EnLink Midstream Partners,’s dividend payout ratio (DPR) is presently -649.97%.

About EnLink Midstream Partners,

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.

Get a free copy of the Zacks research report on EnLink Midstream Partners, (ENLK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for EnLink Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.