US Capital Advisors Brokers Increase Earnings Estimates for EnLink Midstream Partners LP (ENLK)

EnLink Midstream Partners LP (NYSE:ENLK) – Analysts at US Capital Advisors boosted their FY2017 earnings per share estimates for EnLink Midstream Partners in a research report issued on Thursday. US Capital Advisors analyst C. Crosby now expects that the oil and gas producer will post earnings of ($0.05) per share for the year, up from their previous forecast of ($0.07). US Capital Advisors also issued estimates for EnLink Midstream Partners’ Q4 2017 earnings at $0.00 EPS.

Several other equities analysts have also issued reports on ENLK. Zacks Investment Research lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Seaport Global Securities initiated coverage on EnLink Midstream Partners in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 price objective on the stock. BidaskClub lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. UBS Group upgraded EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Citigroup cut their price objective on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. EnLink Midstream Partners currently has an average rating of “Hold” and a consensus target price of $18.00.

EnLink Midstream Partners (NYSE ENLK) opened at $17.18 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners has a 1 year low of $14.43 and a 1 year high of $19.59. The stock has a market capitalization of $6,000.00, a P/E ratio of -74.70 and a beta of 2.08.

Several hedge funds have recently modified their holdings of the company. Linscomb & Williams Inc. grew its position in shares of 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 buying an additional 227 shares during the last quarter. Northern Trust Corp grew its position in shares of 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 buying an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $189,000 after purchasing an additional 816 shares during the period. Stephens Inc. AR lifted its stake in shares of 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 valued at $244,000 after purchasing an additional 1,043 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of 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 valued at $601,000 after purchasing an additional 1,985 shares during the period. Hedge funds and other institutional investors own 41.66% of the company’s stock.

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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.

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