EnLink Midstream Partners (NYSE:ENLK) Given Equal Weight Rating at Morgan Stanley

The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.46 billion. equities research analysts anticipate that EnLink Midstream Partners will post 0.28 EPS for the current year. Two analysts have made estimates for EnLink Midstream's earnings. Clearbridge Investments LLC raised its holdings in EnLink Midstream Partners by 4.8% during the 4th quarter. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, May 1st. EnLink Midstream LLC had 19 analyst reports since October 9, 2017 according to SRatingsIntel. The stock of EnLink Midstream, LLC (NYSE:ENLC) has "Hold" rating given on Thursday, January 25 by FBR Capital. The pipeline company reported ($0.01) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by ($0.20). The company has market cap of $4.72 billion.

Several analysts have weighed in on the stock. As per Monday, December 21, the company rating was downgraded by Bank of America. BidaskClub lowered EnLink Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, November 15th. The stock of EnLink Midstream, LLC (NYSE:ENLC) has "Neutral" rating given on Thursday, May 12 by Goldman Sachs. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. RBC Capital Markets maintained EnLink Midstream, LLC (NYSE:ENLC) on Tuesday, January 16 with "Hold" rating. IL now owns 30,970 shares of the company's stock valued at $493,000 after buying an additional 2,280 shares in the last quarter. The company has an average rating of Hold and an average price target of $17.36.

ENLC traded up $0.10 on Friday, hitting $14.20. 1,496,052 shares of the company traded hands. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.77 and a quick ratio of 0.74. Jefferies Group reiterated a "hold" rating and issued a $16.00 price target on shares of EnLink Midstream in a research note on Friday, January 12th. The firm has a market cap of $5,229.34, a PE ratio of 302.46 and a beta of 2.15.

Several equities research analysts have recently issued reports on ENLK shares. Northern Trust Corp grew its position in EnLink Midstream Partners by 2.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 436,061 shares of the oil and gas producer's stock worth $7,308,000 after acquiring an additional 9,108 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in EnLink Midstream Partners by 7.9% during the 2nd quarter. Signaturefd LLC now owns 52,200 shares of the company's stock valued at $831,000 after buying an additional 500 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of EnLink Midstream by 397.6% during the third quarter. Finally, Franklin Square Holdings L.P. boosted its holdings in shares of EnLink Midstream by 128.6% in the third quarter. Clearbridge Investments LLC now owns 10,284,122 shares of the oil and gas producer's stock worth $158,067,000 after buying an additional 468,760 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of EnLink Midstream by 14.6% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 8,280,784 shares of the oil and gas producer's stock worth $138,786,000 after buying an additional 138,181 shares during the period.

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EnLink Midstream, LLC is a midstream energy services company. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.

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