On a relative basis, the stock has outperformed the S&P 500 by 8.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.07% in the last 1 week, and is up 10.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -23.14% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $22.78 and the one year low was seen on Feb 17, 2016. The 50-Day Moving Average price is $16.17 and the 200 Day Moving Average price is recorded at $13.14.
The stock has recorded a 20-day Moving Average of 5.82% and the 50-Day Moving Average is 10.33%.
EnLink Midstream Partners LP (NYSE:ENLK): stock turned positive on Friday. Though the stock opened at $16.65, the bulls momentum made the stock top out at $17.21 level for the day. The stock recorded a low of $16.51 and closed the trading day at $17.01, in the green by 3.40%. The total traded volume for the day was 682,264. The stock had closed at $16.45 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Enlink Midstream Partners, Lp, Golemon Stan had sold 19,793 shares worth of $463,156 in a transaction dated June 8, 2015. In this transaction, 19,793 shares were sold at $23.4 per share.
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.