EnLink Midstream Partners LP Can’t Burn Your Long Portfolio. Option Traders are Bullish


 EnLink Midstream Partners LP Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session EnLink Midstream Partners LP (ENLK) registered an unusually high (1,291) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ENLK increase. With 1,291 contracts traded and 1524 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ENLK161118C00018000 closed last at: $0.85 or 13.3% up. About 68,524 shares traded hands. EnLink Midstream Partners LP (NYSE:ENLK) has risen 73.25% since March 15, 2016 and is uptrending. It has outperformed by 67.77% the S&P500.

Analysts await EnLink Midstream Partners LP (NYSE:ENLK) to report earnings on November, 2. They expect $-0.01 EPS, down 105.88% or $0.18 from last year’s $0.17 per share. After $-0.07 actual EPS reported by EnLink Midstream Partners LP for the previous quarter, Wall Street now forecasts -85.71% EPS growth.

EnLink Midstream Partners LP (NYSE:ENLK) Ratings Coverage

Out of 13 analysts covering Enlink Midstream Partners (NYSE:ENLK), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. $30 is the highest target while $10 is the lowest. The $17.83 average target is -1.76% below today’s ($18.15) stock price. Enlink Midstream Partners has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital. As per Thursday, August 6, the company rating was maintained by RBC Capital Markets. Jefferies initiated EnLink Midstream Partners LP (NYSE:ENLK) on Wednesday, September 23 with “Buy” rating. The firm has “Neutral” rating given on Thursday, May 12 by Goldman Sachs. JP Morgan maintained it with “Neutral” rating and $12.50 target price in Wednesday, March 30 report. Credit Suisse maintained it with “Outperform” rating and $14 target price in Friday, February 19 report. The rating was downgraded by Credit Suisse on Tuesday, September 13 to “Neutral”. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 2. Stifel Nicolaus initiated the stock with “Hold” rating in Thursday, March 17 report. Simmons & Co initiated the shares of ENLK in a report on Thursday, August 27 with “Overweight” rating.

According to Zacks Investment Research, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas.”

EnLink Midstream Partners, LP is a midstream energy services company. The company has a market cap of $6.25 billion.

ENLK Company Profile

EnLink Midstream Partners, LP, incorporated on July 12, 2002, is a midstream energy services company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP, a Delaware limited partnership (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Firm focuses on providing midstream energy services, including gathering, transmission, processing, fractionation, brine services and marketing, to producers of natural gas, natural gas liquids (NGLs), crude oil and condensate. The Firm operates in five divisions: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Texas segment includes its natural gas gathering, processing and transmission activities in north Texas and the Permian Basin in west Texas. The Oklahoma segment includes its natural gas gathering, processing and transmission activities in Cana-Woodford and Arkoma-Woodford Shale areas. The Louisiana segment includes its natural gas pipelines, natural gas processing plants and NGL assets located in Louisiana. The Crude and Condensate segment includes its Ohio River Valley (ORV) crude oil, condensate and brine disposal activities in the Utica and Marcellus Shales, its equity interests in E2 Energy Services, LLC, E2 Appalachian Compression, LLC and E2 Ohio Compression, LLC (collectively, E2), its crude oil activities in the Permian Basin and its crude oil activities associated with the Victoria Express Pipeline and related truck terminal and storage assets (VEX) located in the Eagle Ford Shale. The Company’s Corporate assets consist of a contractual right to the benefits and burdens associated with Devon Energy Corporation’s (Devon) ownership interest in Gulf Coast Fractionators (GCF) and in Howard Energy Partners (HEP). The Company’s midstream energy asset network includes approximately 9,400 miles of pipelines, over 20 natural gas processing plants, approximately seven fractionators, over 3.1 million barrels of NGL cavern storage, approximately 19.1 billion cubic feet (Bcf) of natural gas storage, rail terminals, barge terminals, truck terminals and a fleet of approximately 150 trucks.

More notable recent EnLink Midstream Partners LP (NYSE:ENLK) news were published by: Seekingalpha.com which released: “EnLink Midstream Partners: A Natural Gas Tailwind Is Being Mitigated By The …” on September 15, 2016, also Nasdaq.com with their article: “EnLink Midstream Partners, LP Reports 95% Fall In Q2 Earnings” published on August 02, 2016, Moodys.com published: “Moody’s changes EnLink LP’s outlook to negative” on December 07, 2015. More interesting news about EnLink Midstream Partners LP (NYSE:ENLK) were released by: Finance.Yahoo.com and their article: “EnLink Midstream to Host Third Quarter 2016 Earnings Conference Call on November 2” published on October 06, 2016 as well as Businesswire.com‘s news article titled: “Fitch Assigns First-Time ‘BBB-‘ Rating to EnLink Midstream Partners, L.P.” with publication date: February 25, 2016.

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