EnLink Midstream Partners LP (NYSE:ENLK) – Analysts at US Capital Advisors cut their FY2018 EPS estimates for shares of EnLink Midstream Partners in a research report issued on Thursday, according to Zacks Investment Research. US Capital Advisors analyst C. Crosby now forecasts that the oil and gas producer will post earnings per share of $0.04 for the year, down from their previous forecast of $0.08. US Capital Advisors also issued estimates for EnLink Midstream Partners’ Q4 2018 earnings at $0.02 EPS and FY2019 earnings at $0.16 EPS.

EnLink Midstream Partners (NYSE:ENLK) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.01) EPS for the quarter. EnLink Midstream Partners had a net margin of 0.76% and a return on equity of 1.20%.

Other research analysts also recently issued reports about the stock. Bank of America began coverage on shares of EnLink Midstream Partners in a report on Tuesday, January 9th. They set a “buy” rating and a $18.00 price target for the company. Goldman Sachs Group began coverage on shares of EnLink Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating for the company. BidaskClub downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Zacks Investment Research downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, B. Riley set a $17.00 price target on shares of EnLink Midstream Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of EnLink Midstream Partners (ENLK) traded down $0.84 during trading hours on Friday, hitting $17.48. 732,152 shares of the stock traded hands, compared to its average volume of 738,861. The firm has a market capitalization of $6,210.00, a P/E ratio of -76.00 and a beta of 2.08. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners has a 52 week low of $14.43 and a 52 week high of $19.59.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in EnLink Midstream Partners in the second quarter valued at $103,000. Ffcm LLC increased its holdings in EnLink Midstream Partners by 223.2% in the second quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after purchasing an additional 4,593 shares during the period. Saratoga Research & Investment Management acquired a new stake in EnLink Midstream Partners in the third quarter valued at $156,000. Rafferty Asset Management LLC acquired a new stake in EnLink Midstream Partners in the second quarter valued at $184,000. Finally, Linscomb & Williams Inc. increased its holdings in EnLink Midstream Partners by 2.1% in the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 41.84% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be issued a $0.39 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a yield of 8.92%. EnLink Midstream Partners’s payout ratio is -678.26%.

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About EnLink Midstream Partners

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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