EnLink Midstream Partners LP (ENLK) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 20

EnLink Midstream Partners LP (ENLK) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 . Wunderlich advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on EnLink Midstream Partners LP. EnLink Midstream Partners LP was Upgraded by Morgan Stanley to ” Overweight” on Jun 22, 2016. EnLink Midstream Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

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.

EnLink Midstream Partners LP (ENLK) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.73 and reached the intraday high at $17.8599. The bulls started the profit booking and pushed the shares to intraday low of $17.63. The trading session was marked by a volume range of 12,01,523 shares exchanging hands. The 52-week high of the shares is $19.03 and the 52-week low is $6.32. The market cap of the company stands at $5,988 M and there are 33,63,90,300 shares in public circulation.

In a different news, on Jun 10, 2015, Stan Golemon (Senior Vice President) sold 19,793 shares at $23.40 per share price. According to the SEC, on Jan 23, 2015, Barry E Davis (President & CEO) sold 14,008 shares at $29.59 per share price.

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.

EnLink Midstream Partners LP

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