EnLink Midstream Partners LP (ENLK) : Center Coast Capital Advisors Lp reduced its stake in EnLink Midstream Partners LP by 3.69% during the most recent quarter end. The investment management company now holds a total of 11,239,989 shares of EnLink Midstream Partners LP which is valued at $164,328,639 after selling 430,069 shares in EnLink Midstream Partners LP , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.EnLink Midstream Partners LP makes up approximately 4.99% of Center Coast Capital Advisors Lp’s portfolio.
EnLink Midstream Partners LP opened for trading at $14.09 and hit $14.62 on the upside on Friday, eventually ending the session at $14.62, with a gain of 3.91% or 0.55 points. The heightened volatility saw the trading volume jump to 12,11,376 shares. Company has a market cap of $4,858 M.
Other Hedge Funds, Including , Advocacy Wealth Management Services reduced its stake in ENLK by selling 9,176 shares or 49.61% in the most recent quarter. The Hedge Fund company now holds 9,321 shares of ENLK which is valued at $136,273. EnLink Midstream Partners LP makes up approx 0.07% of Advocacy Wealth Management Services’s portfolio. Country Club Trust Company N.a. sold out all of its stake in ENLK during the most recent quarter. The investment firm sold 19,998 shares of ENLK which is valued $244,976.Proficio Capital Partners boosted its stake in ENLK in the latest quarter, The investment management firm added 629 additional shares and now holds a total of 677 shares of EnLink Midstream Partners LP which is valued at $8,395. EnLink Midstream Partners LP makes up approx 0.01% of Proficio Capital Partners’s portfolio.Hollencrest Securities boosted its stake in ENLK in the latest quarter, The investment management firm added 7,907 additional shares and now holds a total of 23,667 shares of EnLink Midstream Partners LP which is valued at $293,471. EnLink Midstream Partners LP makes up approx 0.05% of Hollencrest Securities’s portfolio.
On the company’s financial health, EnLink Midstream Partners LP reported $-2.17 EPS for the quarter, missing the analyst consensus estimate by $ -2.29 based on the information available during the earnings call on Feb 16, 2016. Analyst had a consensus of $0.12. The company had revenue of $1066.50 million for the quarter, compared to analysts expectations of $1210.22 million. The company’s revenue was up 6.6% compared to the same quarter last year.
Many Wall Street Analysts have commented on EnLink Midstream Partners LP. EnLink Midstream Partners LP was Initiated by Drexel Hamilton to “Hold” on Apr 7, 2016. EnLink Midstream Partners LP was Initiated by Stifel to “Hold” on Mar 17, 2016. Shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight” and Lowered the Price Target to $ 10 from a previous price target of $18 .
EnLink Midstream Partners LP formerly Crosstex Energy L.P. focuses on providing midstream energy services including gathering transmission processing fractionation and marketing to producers of natural gas natural gas liquids (NGL) crude oil and condensate. The Company also provides crude oil condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9100 miles of gathering and transportation pipelines 16 processing plants seven fractionators as well as barge and rail terminals product storage facilities brine disposal wells truck terminals and a fleet of approximately 100 trucks.