FY2017 EPS Estimates for EnLink Midstream Partners LP (ENLK) Increased by US Capital Advisors

EnLink Midstream Partners LP (NYSE:ENLK) – Stock analysts at US Capital Advisors boosted their FY2017 EPS estimates for EnLink Midstream Partners in a research note issued on Wednesday. US Capital Advisors analyst C. Crosby now anticipates that the oil and gas producer will post earnings per share of ($0.04) for the year, up from their previous forecast of ($0.05). US Capital Advisors also issued estimates for EnLink Midstream Partners’ FY2018 earnings at $0.05 EPS.

A number of other brokerages also recently commented on ENLK. Bank of America initiated coverage on shares of EnLink Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating and a $18.00 target price for the company. Credit Suisse Group initiated coverage on shares of EnLink Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $16.00 target price for the company. Zacks Investment Research downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Seaport Global Securities initiated coverage on shares of EnLink Midstream Partners in a report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, BidaskClub upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.00.

Shares of EnLink Midstream Partners (ENLK) opened at $17.45 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $6,090.21, a PE ratio of -75.87 and a beta of 2.08. EnLink Midstream Partners has a fifty-two week low of $14.43 and a fifty-two week high of $19.59.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.01) earnings per share for the quarter. EnLink Midstream Partners had a net margin of 0.76% and a return on equity of 1.20%.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of EnLink Midstream Partners by 37.5% during the fourth quarter. Bank of Montreal Can now owns 2,189,225 shares of the oil and gas producer’s stock worth $33,648,000 after acquiring an additional 597,000 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in EnLink Midstream Partners by 0.7% in the fourth quarter. Chickasaw Capital Management LLC now owns 6,060,179 shares of the oil and gas producer’s stock valued at $93,145,000 after buying an additional 42,569 shares during the last quarter. Atlantic Trust Group LLC boosted its position in EnLink Midstream Partners by 2.1% in the third quarter. Atlantic Trust Group LLC now owns 436,061 shares of the oil and gas producer’s stock valued at $7,308,000 after buying an additional 9,108 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in EnLink Midstream Partners by 262.1% in the third quarter. Chicago Partners Investment Group LLC now owns 165,700 shares of the oil and gas producer’s stock valued at $2,777,000 after buying an additional 119,934 shares during the last quarter. Finally, Institutional & Family Asset Management LLC purchased a new stake in EnLink Midstream Partners in the third quarter valued at approximately $858,000. Institutional investors and hedge funds own 41.67% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/22/fy2017-eps-estimates-for-enlink-midstream-partners-lp-enlk-increased-by-us-capital-advisors.html.

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.

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

Leave a Reply