EnLink Midstream Partners (ENLK) Scheduled to Post Earnings on Tuesday

EnLink Midstream Partners (NYSE:ENLK) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect EnLink Midstream Partners to post earnings of $0.06 per share for the quarter.

Shares of EnLink Midstream Partners (NYSE ENLK) traded down $0.02 during trading on Tuesday, reaching $16.53. The company had a trading volume of 607,155 shares, compared to its average volume of 802,330. EnLink Midstream Partners has a twelve month low of $14.43 and a twelve month high of $19.59. The company has a market cap of $5,770.00, a price-to-earnings ratio of -71.87 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend is Tuesday, January 30th. EnLink Midstream Partners’s payout ratio is -678.26%.

A number of analysts recently commented on the company. Zacks Investment Research lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird set a $20.00 target price on EnLink Midstream Partners and gave the company a “buy” rating in a research report on Monday. ValuEngine lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Goldman Sachs Group assumed coverage on EnLink Midstream Partners in a research report on Friday, November 17th. They issued a “neutral” rating for the company. Finally, B. Riley set a $17.00 target price on EnLink Midstream Partners and gave the company a “neutral” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.33.

A hedge fund recently raised its stake in EnLink Midstream Partners stock. The Manufacturers Life Insurance Company raised its stake in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 7.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,147 shares of the oil and gas producer’s stock after purchasing an additional 816 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in EnLink Midstream Partners were worth $189,000 as of its most recent SEC filing. 41.63% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for EnLink Midstream Partners (NYSE:ENLK)

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