Stock Mover of the Day: Is Buying EnLink Midstream Partners LP Here a Winning Strategy?

Stock Mover of the Day: Is Buying EnLink Midstream Partners LP Here a Winning Strategy?

The stock of EnLink Midstream Partners LP (NYSE:ENLK) is a huge mover today! About 746,660 shares traded hands or 15.27% up from the average. EnLink Midstream Partners LP (NYSE:ENLK) has risen 14.47% since April 27, 2016 and is uptrending. It has outperformed by 9.25% the S&P500.
The move comes after 5 months positive chart setup for the $5.91 billion company. It was reported on Nov, 30 by Barchart.com. We have $19.36 PT which if reached, will make NYSE:ENLK worth $531.90M more.

Analysts await EnLink Midstream Partners LP (NYSE:ENLK) to report earnings on February, 21. They expect $0.01 EPS, down 94.44% or $0.17 from last year’s $0.18 per share. ENLK’s profit will be $3.33 million for 444.00 P/E if the $0.01 EPS becomes a reality. After $-0.03 actual EPS reported by EnLink Midstream Partners LP for the previous quarter, Wall Street now forecasts -133.33% 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. Enlink Midstream Partners has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Jefferies downgraded EnLink Midstream Partners LP (NYSE:ENLK) on Wednesday, June 8 to “Hold” rating. The stock of EnLink Midstream Partners LP (NYSE:ENLK) has “Buy” rating given on Thursday, August 6 by Wunderlich. As per Thursday, March 17, the company rating was initiated by Stifel Nicolaus. The company was downgraded on Monday, January 11 by Barclays Capital. The company was downgraded on Tuesday, September 13 by Credit Suisse. Wunderlich maintained the stock with “Buy” rating in Wednesday, August 31 report. The stock of EnLink Midstream Partners LP (NYSE:ENLK) has “Outperform” rating given on Friday, September 2 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, March 30 by JP Morgan. The firm has “Outperform” rating given on Friday, September 9 by FBR Capital. The rating was maintained by Goldman Sachs on Thursday, May 12 with “Neutral”.

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.”

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 to Present December 7 at the Chickasaw Capital MLP Investor …” on November 23, 2016. More interesting news about EnLink Midstream Partners LP (NYSE:ENLK) were released by: Seekingalpha.com and their article: “EnLink Midstream Partners: A Natural Gas Tailwind Is Being Mitigated By The …” published on September 15, 2016 as well as Nasdaq.com‘s news article titled: “EnLink Midstream Partners Enters Oversold Territory (ENLK)” with publication date: November 04, 2016.

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.

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