US Capital Advisors Comments on EnLink Midstream Partners LP’s FY2018 Earnings (ENLK)

EnLink Midstream Partners LP (NYSE:ENLK) – Equities researchers at US Capital Advisors reduced their FY2018 earnings per share estimates for EnLink Midstream Partners in a note issued to investors on Thursday. US Capital Advisors analyst C. Crosby now expects that the oil and gas producer will earn $0.04 per share for the year, down from their previous forecast of $0.08. US Capital Advisors also issued estimates for EnLink Midstream Partners’ Q4 2018 earnings at $0.02 EPS and FY2019 earnings at $0.16 EPS.

ENLK has been the subject of several other reports. Seaport Global Securities started coverage on EnLink Midstream Partners in a research report on Tuesday, October 10th. They set a “neutral” rating and a $18.00 target price for the company. Zacks Investment Research raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Citigroup lowered their target price on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley increased their price target on EnLink Midstream Partners from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Finally, BidaskClub downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.00.

Shares of EnLink Midstream Partners (NYSE ENLK) traded up $0.20 during trading hours on Friday, reaching $17.03. The company had a trading volume of 535,100 shares, compared to its average volume of 650,533. The company has a market cap of $5,900.00, a price-to-earnings ratio of -74.04 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.85. EnLink Midstream Partners has a twelve month low of $14.43 and a twelve month high of $19.59.

A number of institutional investors have recently modified their holdings of ENLK. BNP Paribas Arbitrage SA acquired a new stake in EnLink Midstream Partners during the 2nd quarter worth about $190,000. Oppenheimer Asset Management Inc. grew its stake in shares of EnLink Midstream Partners by 13.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 33,670 shares of the oil and gas producer’s stock valued at $571,000 after buying an additional 3,928 shares during the period. Ffcm LLC grew its stake in shares of EnLink Midstream Partners by 223.2% in the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after buying an additional 4,593 shares during the period. Alliancebernstein L.P. grew 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 buying an additional 1,985 shares during the period. Finally, Stephens Inc. AR grew 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 buying an additional 1,043 shares during the period. 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.

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