EnLink Midstream Partners LP (NYSE:ENLK) declared a quarterly dividend on Wednesday, July 18th, NASDAQ reports. Stockholders of record on Monday, July 30th will be paid a dividend of 0.39 per share by the oil and gas producer on Monday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend is Friday, July 27th.

EnLink Midstream Partners has increased its dividend payment by an average of 12.5% annually over the last three years. EnLink Midstream Partners has a payout ratio of 487.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EnLink Midstream Partners to earn $0.40 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 390.0%.

Shares of EnLink Midstream Partners opened at $15.46 on Thursday, according to Marketbeat Ratings. EnLink Midstream Partners has a one year low of $12.75 and a one year high of $18.58. The stock has a market capitalization of $5.23 billion, a PE ratio of 515.33 and a beta of 2.22. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings data on Tuesday, May 1st. The oil and gas producer reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. EnLink Midstream Partners had a net margin of 3.09% and a return on equity of 4.52%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted ($0.03) EPS. The company’s quarterly revenue was up 33.3% on a year-over-year basis. research analysts forecast that EnLink Midstream Partners will post 0.31 earnings per share for the current fiscal year.

ENLK has been the subject of a number of research reports. Bank of America cut their target price on shares of EnLink Midstream Partners from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, March 27th. ValuEngine cut shares of EnLink Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 3rd. JPMorgan Chase & Co. upgraded shares of EnLink Midstream Partners from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, April 4th. US Capital Advisors cut shares of EnLink Midstream Partners from an “overweight” rating to a “hold” rating in a research note on Friday, April 6th. Finally, Seaport Global Securities set a $13.00 target price on shares of EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Monday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.71.

In other news, CAO Susan J. Mcaden sold 14,929 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $16.29, for a total transaction of $243,193.41. Following the completion of the sale, the chief accounting officer now owns 27,464 shares in the company, valued at approximately $447,388.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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.

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Dividend History for EnLink Midstream Partners (NYSE:ENLK)

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