Is EnLink Midstream Partners LP a Buy? The Stock Had Bullish Options Activity Today

 Is EnLink Midstream Partners LP a Buy? The Stock Had Bullish Options Activity Today

In today’s session EnLink Midstream Partners LP (ENLK) registered an unusually high (1,519) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ENLK increase. With 1,519 contracts traded and 644 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ENLK161216C00017000 closed last at: $1 or 25% up. About 78,644 shares traded hands. EnLink Midstream Partners LP (NYSE:ENLK) has risen 45.04% since April 1, 2016 and is uptrending. It has outperformed by 43.83% the S&P500.

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 8.32% above today’s ($16.46) stock price. Enlink Midstream Partners has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Monday, May 9 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, August 6. As per Tuesday, September 13, the company rating was downgraded by Credit Suisse. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, September 2 report. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, March 17. FBR Capital initiated it with “Outperform” rating and $19 target price in Friday, September 9 report. The company was maintained on Thursday, February 18 by Barclays Capital. The company was downgraded on Wednesday, June 8 by Jefferies. RBC Capital Markets maintained it with “Outperform” rating and $14 target price in Thursday, February 18 report. The stock of EnLink Midstream Partners LP (NYSE:ENLK) has “Buy” rating given on Thursday, August 6 by Wunderlich.

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 $5.68 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: Forbes.com which released: “Ex-Dividend Reminder: EnLink Midstream Partners, Magellan Midstream and …” on October 25, 2016, also Moodys.com with their article: “Moody’s changes EnLink LP’s outlook to negative” published on December 07, 2015, Prnewswire.com published: “EnLink Midstream Reports Third Quarter 2016 Results, Refines Guidance, and …” on November 01, 2016. More interesting news about EnLink Midstream Partners LP (NYSE:ENLK) were released by: Businesswire.com and their article: “Fitch Assigns First-Time ‘BBB-‘ Rating to EnLink Midstream Partners, L.P.” published on February 25, 2016 as well as Seekingalpha.com‘s news article titled: “EnLink Midstream Partners: A Natural Gas Tailwind Is Being Mitigated By The …” with publication date: September 15, 2016.

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