EnLink Midstream Partners, LP (NYSE:ENLK) had its price objective decreased by Citigroup Inc. from $21.00 to $19.00 in a research report sent to investors on Thursday, November 2nd. Citigroup Inc. currently has a buy rating on the oil and gas producer’s stock.
Several other research analysts have also recently issued reports on ENLK. BidaskClub cut EnLink Midstream Partners, from a sell rating to a strong sell rating in a research report on Wednesday, August 9th. Zacks Investment Research cut EnLink Midstream Partners, from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Seaport Global Securities assumed coverage on EnLink Midstream Partners, in a research report on Tuesday, October 10th. They issued a neutral rating and a $18.00 target price on the stock. UBS AG raised EnLink Midstream Partners, from a neutral rating to a buy rating and set a $19.00 target price on the stock in a research report on Tuesday, October 24th. Finally, Jefferies Group LLC reissued a hold rating and issued a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $18.38.
EnLink Midstream Partners, (ENLK) opened at $14.97 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners, has a 12-month low of $14.43 and a 12-month high of $19.59.
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The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.42%. EnLink Midstream Partners,’s payout ratio is currently -678.26%.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of EnLink Midstream Partners, during the 2nd quarter valued at about $103,000. Ffcm LLC raised its stake in EnLink Midstream Partners, by 223.2% during the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after purchasing an additional 4,593 shares during the period. Solaris Asset Management LLC raised its stake in EnLink Midstream Partners, by 22.9% during the 2nd quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock valued at $138,000 after purchasing an additional 1,515 shares during the period. Penserra Capital Management LLC raised its stake in EnLink Midstream Partners, by 244.6% during the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 6,351 shares during the period. Finally, Saratoga Research & Investment Management bought a new stake in EnLink Midstream Partners, during the 3rd quarter valued at approximately $156,000. 38.92% of the stock is currently owned by hedge funds and other institutional investors.
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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