EnLink Midstream Partners LP (ENLK) : Chicago Partners Investment Group scooped up 1,738 additional shares in EnLink Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 122,088 shares of EnLink Midstream Partners LP which is valued at $2,084,042.EnLink Midstream Partners LP makes up approximately 0.97% of Chicago Partners Investment Group’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in ENLK by selling 5,400 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 180,900 shares of ENLK which is valued at $3,134,997. Ipswich Investment Management sold out all of its stake in ENLK during the most recent quarter. The investment firm sold 1,300 shares of ENLK which is valued $22,529. Solaris Asset Management added ENLK to its portfolio by purchasing 6,075 company shares during the most recent quarter which is valued at $106,070. EnLink Midstream Partners LP makes up approx 0.08% of Solaris Asset Management’s portfolio.
EnLink Midstream Partners LP opened for trading at $17 and hit $17.28 on the upside on Monday, eventually ending the session at $17.02, with a gain of 0.29% or 0.05 points. The heightened volatility saw the trading volume jump to 3,39,465 shares. Company has a market cap of $5,725 M.
On the company’s financial health, EnLink Midstream Partners LP reported $-1.74 EPS for the quarter, missing the analyst consensus estimate by $ -1.82 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $889.70 million for the quarter, compared to analysts expectations of $1059.09 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on EnLink Midstream Partners LP. EnLink Midstream Partners LP was Upgraded by Morgan Stanley to ” Overweight” on Jun 22, 2016. EnLink Midstream Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.
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 9100 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.