Q4 2017 EPS Estimates for EnLink Midstream Partners LP (ENLK) Boosted by Jefferies Group

EnLink Midstream Partners LP (NYSE:ENLK) – Equities researchers at Jefferies Group boosted their Q4 2017 EPS estimates for shares of EnLink Midstream Partners in a research report issued to clients and investors on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the oil and gas producer will earn $0.03 per share for the quarter, up from their prior estimate of $0.02. Jefferies Group has a “Hold” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for EnLink Midstream Partners’ Q1 2018 earnings at $0.00 EPS, FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.08 EPS, FY2020 earnings at $0.27 EPS and FY2021 earnings at $0.41 EPS.

A number of other research firms also recently commented on ENLK. BidaskClub downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. UBS raised shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, October 24th. ValuEngine downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Goldman Sachs Group initiated coverage on shares of EnLink Midstream Partners in a report on Friday, November 17th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.22.

Shares of EnLink Midstream Partners (ENLK) opened at $15.89 on Friday. EnLink Midstream Partners has a 1 year low of $14.43 and a 1 year high of $19.59. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

A number of institutional investors have recently modified their holdings of ENLK. Linscomb & Williams Inc. increased its stake in EnLink Midstream Partners by 2.1% in the 2nd quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock worth $185,000 after purchasing an additional 227 shares in the last quarter. Northern Trust Corp increased its stake in EnLink Midstream Partners by 2.3% in the 2nd quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock worth $244,000 after purchasing an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in EnLink Midstream Partners by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 816 shares in the last quarter. Stephens Inc. AR increased its stake in EnLink Midstream Partners by 7.8% in the 2nd quarter. Stephens Inc. AR now owns 14,406 shares of the oil and gas producer’s stock worth $244,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in EnLink Midstream Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 35,460 shares of the oil and gas producer’s stock worth $601,000 after purchasing an additional 1,985 shares in the last quarter. Hedge funds and other institutional investors own 41.66% of the company’s stock.

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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 and Estimates for EnLink Midstream Partners (NYSE:ENLK)

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