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 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.
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