EnLink Midstream Partners LP (ENLK) Shares Bought by BNP Paribas Arbitrage SA

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BNP Paribas Arbitrage SA lifted its holdings in EnLink Midstream Partners LP (NYSE:ENLK) by 25.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,666 shares of the oil and gas producer’s stock after purchasing an additional 11,011 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in EnLink Midstream Partners were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $130,000. Pitcairn Co. acquired a new position in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $178,000. Icon Wealth Partners LLC acquired a new position in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $226,000. Cypress Wealth Advisors LLC acquired a new position in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $323,000. Finally, Jane Street Group LLC acquired a new position in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $523,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

ENLK has been the subject of a number of recent research reports. Barclays reduced their price target on EnLink Midstream Partners from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 17th. ValuEngine raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Stifel Nicolaus set a $18.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a research report on Wednesday, June 6th. Seaport Global Securities set a $13.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a research report on Monday, April 9th. Finally, B. Riley set a $17.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a research report on Monday, June 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.69.

EnLink Midstream Partners opened at $15.59 on Thursday, according to MarketBeat. The company has a market capitalization of $5.54 billion, a PE ratio of 158.20 and a beta of 2.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.98. EnLink Midstream Partners LP has a 12 month low of $12.75 and a 12 month high of $18.58.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, May 1st. The oil and gas producer reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.65 billion. EnLink Midstream Partners had a return on equity of 4.52% and a net margin of 3.09%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. sell-side analysts forecast that EnLink Midstream Partners LP will post 0.28 earnings per share for the current year.

In other news, CAO Susan J. Mcaden sold 14,929 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.29, for a total value of $243,193.41. Following the completion of the sale, the chief accounting officer now owns 27,464 shares of the company’s stock, valued at approximately $447,388.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.17% 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.

Institutional Ownership by Quarter for EnLink Midstream Partners (NYSE:ENLK)

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