EnLink Midstream Partners LP (NYSE:ENLK) has climbed 6.93% in the past week and advanced 4.42% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.21% and the outperformance has advanced to 3.47% for the last 4 weeks period.
EnLink Midstream Partners LP (NYSE:ENLK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.80 and $15.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.52, notching a gain of 6.93% for the day. The total traded volume was 2,762,986 . The stock had closed at $15.45 on the previous day.
The company shares have dropped -32.85% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $24.93 and the one year low was seen on Feb 17, 2016. The 50-Day Moving Average price is $15.18 and the 200 Day Moving Average price is recorded at $12.90.
On the companys insider trading activities, Golemon Stan, officer (Senior Vice President) of Enlink Midstream Partners, Lp, unloaded 19,793 shares at an average price of $23.4 on June 8, 2015. The total amount of the transaction was worth $463,156, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Jefferies downgrades its ratings on EnLink Midstream Partners LP (NYSE:ENLK). In the latest research report, Jefferies raises the target price from $13 per share to $17 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 0.17% of EnLink Midstream Partners LP shares according to the proxy statements. Institutional Investors own 37.86% of EnLink Midstream Partners LP shares.
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 9,100 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.