EnLink Midstream Partners LP (ENLK) : Rr Advisors scooped up 506,000 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 12, 2016. The investment management firm now holds a total of 3,058,000 shares of EnLink Midstream Partners LP which is valued at $51,894,260.EnLink Midstream Partners LP makes up approximately 7.68% of Rr Advisors’s portfolio.
Other Hedge Funds, Including , Nicholas Co Inc Wi reduced its stake in ENLK by selling 28,000 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 479,100 shares of ENLK which is valued at $8,130,327. EnLink Midstream Partners LP makes up approx 0.16% of Nicholas Co Inc Wi’s portfolio.Alliancebernstein boosted its stake in ENLK in the latest quarter, The investment management firm added 519 additional shares and now holds a total of 21,419 shares of EnLink Midstream Partners LP which is valued at $363,480.Credit Suisse Ag reduced its stake in ENLK by selling 353,234 shares or 37.02% in the most recent quarter. The Hedge Fund company now holds 600,962 shares of ENLK which is valued at $10,198,325. EnLink Midstream Partners LP makes up approx 0.01% of Credit Suisse Ag’s portfolio.Tci Wealth Advisors reduced its stake in ENLK by selling 124 shares or 17.13% in the most recent quarter. The Hedge Fund company now holds 600 shares of ENLK which is valued at $10,242. EnLink Midstream Partners LP makes up approx 0.01% of Tci Wealth Advisors’s portfolio.Exane Derivatives reduced its stake in ENLK by selling 510 shares or 87.33% in the most recent quarter. The Hedge Fund company now holds 74 shares of ENLK which is valued at $1,282.
EnLink Midstream Partners LP (ENLK) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.73 and reached the intraday high at $17.8599. The bulls started the profit booking and pushed the shares to intraday low of $17.63. The trading session was marked by a volume range of 12,01,523 shares exchanging hands. The 52-week high of the shares is $19.03 and the 52-week low is $6.32. The market cap of the company stands at $5,988 M and there are 33,63,90,300 shares in public circulation.
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.