EnLink Midstream Partners LP (NYSE:ENLK) – Equities research analysts at Mitsubishi UFJ Financial Group upped their Q4 2018 earnings per share estimates for shares of EnLink Midstream Partners in a research report issued on Wednesday, November 7th. Mitsubishi UFJ Financial Group analyst B. Blaschke now anticipates that the oil and gas producer will post earnings per share of $0.09 for the quarter, up from their prior estimate of $0.08.
EnLink Midstream Partners (NYSE:ENLK) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). EnLink Midstream Partners had a return on equity of 8.21% and a net margin of 3.76%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned ($0.02) earnings per share. The business’s quarterly revenue was up 51.2% compared to the same quarter last year.
Shares of ENLK stock opened at $13.82 on Friday. EnLink Midstream Partners has a 12-month low of $12.75 and a 12-month high of $19.45. The company has a market capitalization of $5.13 billion, a P/E ratio of 460.67 and a beta of 2.13. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.72 and a quick ratio of 0.64.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, October 29th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date is Friday, October 26th. EnLink Midstream Partners’s payout ratio is currently 5,200.00%.
In related news, major shareholder Goldman Sachs Group Inc acquired 91,538 shares of EnLink Midstream Partners stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average cost of $18.52 per share, with a total value of $1,695,283.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its holdings in shares of EnLink Midstream Partners by 79.0% in the third quarter. Ballentine Partners LLC now owns 98,132 shares of the oil and gas producer’s stock valued at $1,829,000 after purchasing an additional 43,309 shares in the last quarter. Perella Weinberg Partners Capital Management LP lifted its holdings in shares of EnLink Midstream Partners by 290.6% in the third quarter. Perella Weinberg Partners Capital Management LP now owns 270,477 shares of the oil and gas producer’s stock valued at $5,109,000 after purchasing an additional 201,224 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of EnLink Midstream Partners in the second quarter valued at $31,271,000. Chickasaw Capital Management LLC lifted its holdings in shares of EnLink Midstream Partners by 11.4% in the second quarter. Chickasaw Capital Management LLC now owns 7,166,906 shares of the oil and gas producer’s stock valued at $111,302,000 after purchasing an additional 735,595 shares in the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in shares of EnLink Midstream Partners in the second quarter valued at $2,825,000. Institutional investors own 41.67% of the company’s stock.
EnLink Midstream Partners Company Profile
EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.
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