Wexford Capital Lp buys $30.6 Million stake in EnLink Midstream Partners LP (ENLK)

EnLink Midstream Partners LP (ENLK) : Wexford Capital Lp scooped up 255,000 additional shares in EnLink Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,180,138 shares of EnLink Midstream Partners LP which is valued at $30.6 Million.EnLink Midstream Partners LP makes up approximately 5.90% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in ENLK in the latest quarter, The investment management firm added 7,616 additional shares and now holds a total of 156,709 shares of EnLink Midstream Partners LP which is valued at $2.2 Million. EnLink Midstream Partners LP makes up approx 0.02% of Sg Americas Securities’s portfolio.Edge Asset Management Inc boosted its stake in ENLK in the latest quarter, The investment management firm added 223,277 additional shares and now holds a total of 2,248,044 shares of EnLink Midstream Partners LP which is valued at $31.5 Million. EnLink Midstream Partners LP makes up approx 0.30% of Edge Asset Management Inc’s portfolio.Manufacturers Life Insurance Company The boosted its stake in ENLK in the latest quarter, The investment management firm added 2,024 additional shares and now holds a total of 9,002 shares of EnLink Midstream Partners LP which is valued at $126,208.

EnLink Midstream Partners LP opened for trading at $15.11 and hit $16.04 on the upside on Friday, eventually ending the session at $15.82, with a gain of 5.96% or 0.89 points. The heightened volatility saw the trading volume jump to 9,71,397 shares. Company has a market cap of $5,149,521 M.

On the company’s financial health, EnLink Midstream Partners LP reported $-1.74 EPS for the quarter, missing the analyst consensus estimate by $ -1.82 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $889.70 million for the quarter, compared to analysts expectations of $1059.09 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

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.

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