Large Outflow of Money Witnessed in EnLink Midstream Partners LP

EnLink Midstream Partners LP (NYSE:ENLK) traded higher in the last at $16.28, gaining 0.83 points or 5.37%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-17.26) million. The composite uptick value of $2.55 million was eclipsed by the accrued downtick value of $19.81 million, thereby ensuring the up/down ratio of 0.13. For the week, the shares have posted returns of 5.37%.A block trade registered during the day has revealed $0 million in upticks and $17.87 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-17.87) million.

Shares of EnLink Midstream Partners, LP rose by 6.93% in the last five trading days and 14.4% for the last 4 weeks. EnLink Midstream Partners, LP is up 41.15% in the last 3-month period. Year-to-Date the stock performance stands at 5.77%.

Currently the company Insiders own 0.17% of EnLink Midstream Partners LP shares according to the proxy statements. Institutional Investors own 37.86% of EnLink Midstream Partners LP shares. . On the companys insider trading activities, Golemon Stan, officer (Senior Vice President) of Enlink Midstream Partners, Lp, unloaded 19,793 shares at an average price of $23.4 on June 8, 2015. The total amount of the transaction was worth $463,156, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EnLink Midstream Partners LP (NYSE:ENLK) rose 6.93% or 1.07 points on Friday and made its way into the gainers of the day. After trading began at $15.8 the stock was seen hitting $16.61 as a peak level and $15.43 as the lowest level. The stock ended up at $16.52. The daily volume was measured at 2,762,986 shares. The 52-week high of the share price is $24.93 and the 52-week low is $6.32. The company has a market cap of $5,498 million.

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 9,100 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.

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