$0.11 EPS Expected for EnLink Midstream Partners LP (ENLK) This Quarter
Equities analysts expect EnLink Midstream Partners LP (NYSE:ENLK) to post $0.11 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for EnLink Midstream Partners’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.06. EnLink Midstream Partners reported earnings of ($0.01) per share during the same quarter last year, which suggests a positive year over year growth rate of 1,200%. The business is expected to report its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that EnLink Midstream Partners will report full-year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.24 to $0.52. For the next fiscal year, analysts forecast that the firm will post earnings of $0.40 per share, with EPS estimates ranging from $0.18 to $0.80. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow EnLink Midstream Partners.
EnLink Midstream Partners (NYSE:ENLK) last issued its earnings results on Tuesday, July 31st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. EnLink Midstream Partners had a return on equity of 6.41% and a net margin of 3.89%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm earned $0.03 earnings per share. EnLink Midstream Partners’s revenue for the quarter was up 39.7% on a year-over-year basis.
Shares of NYSE:ENLK traded up $0.12 during trading on Monday, reaching $18.09. 518,824 shares of the stock were exchanged, compared to its average volume of 947,932. 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 has a 1-year low of $12.75 and a 1-year high of $18.58. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 603.00 and a beta of 2.27.
The business also recently declared a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Monday, July 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend was Friday, July 27th. EnLink Midstream Partners’s payout ratio is currently 5,200.00%.
In related news, EVP Alaina K. Brooks sold 55,619 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $17.65, for a total value of $981,675.35. Following the completion of the sale, the executive vice president now directly owns 80,648 shares of the company’s stock, 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 link. Corporate insiders own 0.17% of the company’s stock.
A number of large investors have recently made changes to their positions in ENLK. Creative Planning bought a new position in EnLink Midstream Partners in the 2nd quarter valued at $171,000. Baldwin Brothers Inc. MA bought a new position in EnLink Midstream Partners in the 2nd quarter valued at $208,000. First Capital Advisors Group LLC. bought a new position in EnLink Midstream Partners in the 2nd quarter valued at $235,000. Summit Trail Advisors LLC grew its stake in EnLink Midstream Partners by 1,534.0% in 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 purchasing an additional 267,990 shares during the period. Finally, Stephens Inc. AR grew its stake in EnLink Midstream Partners by 30.7% in the 2nd quarter. Stephens Inc. AR now owns 19,841 shares of the oil and gas producer’s stock valued at $308,000 after purchasing an additional 4,658 shares during the period. Hedge funds and other institutional investors own 42.09% of the company’s stock.
About EnLink Midstream Partners
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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