Brokerages Anticipate EnLink Midstream Partners LP (ENLK) to Post $0.11 Earnings Per Share

Wall Street brokerages forecast that EnLink Midstream Partners LP (NYSE:ENLK) will report earnings per share of $0.11 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for EnLink Midstream Partners’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.17. EnLink Midstream Partners reported earnings of ($0.01) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1,200%. The business is expected to issue its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that EnLink Midstream Partners will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $0.52. For the next financial year, analysts anticipate that the firm will report earnings of $0.42 per share, with EPS estimates ranging from $0.18 to $0.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for EnLink Midstream Partners.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, July 31st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. EnLink Midstream Partners had a net margin of 3.89% and a return on equity of 6.41%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 39.7% compared to the same quarter last year.

Several equities research analysts have recently issued reports on ENLK shares. ValuEngine raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. B. Riley set a $17.00 price objective on shares of EnLink Midstream Partners and gave the stock a “hold” rating in a research report on Monday, June 4th. Zacks Investment Research raised shares of EnLink Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Monday, July 16th. US Capital Advisors reissued a “hold” rating on shares of EnLink Midstream Partners in a research report on Tuesday, July 17th. Finally, Stifel Nicolaus raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.15.

In other EnLink Midstream Partners news, EVP Alaina K. Brooks sold 55,619 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $17.65, for a total transaction of $981,675.35. Following the transaction, the executive vice president now directly owns 80,648 shares in the company, valued at approximately $1,423,437.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc acquired 91,538 shares of EnLink Midstream Partners stock in a transaction on Thursday, August 23rd. The shares were bought at an average price of $18.52 per share, for a total transaction of $1,695,283.76. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning bought a new position in EnLink Midstream Partners during the 2nd quarter valued at $171,000. Baldwin Brothers Inc. MA bought a new position in EnLink Midstream Partners during the 2nd quarter valued at $208,000. First Capital Advisors Group LLC. bought a new position in EnLink Midstream Partners during the 2nd quarter valued at $235,000. Summit Trail Advisors LLC boosted its stake in EnLink Midstream Partners by 1,534.0% during the 1st quarter. Summit Trail Advisors LLC now owns 285,460 shares of the oil and gas producer’s stock valued at $285,000 after acquiring an additional 267,990 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in EnLink Midstream Partners by 30.7% during the 2nd quarter. Stephens Inc. AR now owns 19,841 shares of the oil and gas producer’s stock valued at $308,000 after acquiring an additional 4,658 shares during the last quarter. Hedge funds and other institutional investors own 41.27% of the company’s stock.

Shares of EnLink Midstream Partners stock traded down $0.11 during trading hours on Friday, hitting $18.59. The company’s stock had a trading volume of 3,327,749 shares, compared to its average volume of 965,702. EnLink Midstream Partners has a 1-year low of $12.75 and a 1-year high of $19.45. The firm has a market capitalization of $6.59 billion, a P/E ratio of 619.67 and a beta of 2.29. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 1.05.

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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Earnings History and Estimates for EnLink Midstream Partners (NYSE:ENLK)

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