EnLink Midstream Partners (ENLK) Scheduled to Post Earnings on Tuesday
EnLink Midstream Partners (NYSE:ENLK) will be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Shares of EnLink Midstream Partners (NYSE ENLK) traded down $0.02 during midday trading on Tuesday, hitting $16.53. The stock had a trading volume of 607,155 shares, compared to its average volume of 802,330. EnLink Midstream Partners has a 12-month low of $14.43 and a 12-month high of $19.59. The stock has a market cap of $5,770.00, a P/E ratio of -71.87 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be paid a $0.39 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.44%. EnLink Midstream Partners’s payout ratio is presently -678.26%.
ENLK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America boosted their target price on EnLink Midstream Partners from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Citigroup cut their target price on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Credit Suisse Group initiated coverage on EnLink Midstream Partners in a research note on Friday, January 5th. They issued a “neutral” rating and a $16.00 target price on the stock. Finally, Morgan Stanley boosted their target price on EnLink Midstream Partners from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.
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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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