Equities analysts expect that EnLink Midstream Partners LP (NYSE:ENLK) will post earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for EnLink Midstream Partners’ earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.07. EnLink Midstream Partners posted earnings per share of ($0.01) in the same quarter last year, which suggests a positive year over year growth rate of 400%. The company is scheduled to issue its next earnings results on Tuesday, May 1st.
On average, analysts expect that EnLink Midstream Partners will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.05 to $0.54. For the next year, analysts expect that the firm will report earnings of $0.31 per share, with EPS estimates ranging from $0.08 to $0.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow EnLink Midstream Partners.
A number of research firms have issued reports on ENLK. ValuEngine lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Bank of America initiated coverage on shares of EnLink Midstream Partners in a research note on Tuesday, January 9th. They set a “buy” rating and a $18.00 target price for the company. Credit Suisse Group initiated coverage on shares of EnLink Midstream Partners in a research note on Friday, January 5th. They issued a “neutral” rating and a $16.00 price target for the company. Zacks Investment Research lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, Robert W. Baird set a $20.00 price target on shares of EnLink Midstream Partners and gave the stock a “buy” rating in a research note on Monday, February 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.64.
EnLink Midstream Partners (ENLK) opened at $15.12 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market cap of $5,229.34, a PE ratio of 302.46 and a beta of 2.15. EnLink Midstream Partners has a one year low of $14.21 and a one year high of $18.97.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.32%. The ex-dividend date was Tuesday, January 30th. EnLink Midstream Partners’s dividend payout ratio is presently 3,120.62%.
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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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