Brokers Update Target Prices On Azure Midstream Partners, LP (AZUR)

August 2, 2016 - The EnLink Midstream companies (EnLink or EnLink Midstream), EnLink Midstream Partners, LP (ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (ENLC) (the General Partner or ENLC), announced a refined guidance outlook for full-year 2016, reported financial results for the second quarter of 2016, and provided an operational update. They set a "buy" rating for the company.

Magellan Midstream Partners L.P. (MMP): Investors lapped up stocks on upticks to the tune of $11.06 million in the Mondays trading session. Zacks Investment Research upgraded Magellan Midstream Partners L.P. from a "sell" rating to a "hold" rating in a research report on Tuesday, July 19th. The one year estimates range from a high of $134 to the low of $111. When a simplified formula is put to use where a one indicates a Strong Buy and a five indicates a Strong Sell, the stock is presently rated 1.87, based on the consensus. They now have a United States dollars 33 price target on the stock. Magellan Midstream Partners LP has a 20-Day Simple Moving Average -0.24% . The company's stock had a trading volume of 133,188 shares. With the last stock close up 12.55% relative to the 200-day average, compared to the S&P 500 Index which has had no change over the date range. The stock's market capitalization is 7.57M.

Magellan Midstream Partners LP (NYSE:MMP) Oil & Gas Pipelines has a Current Ratio of 0.5 with a Quick Ratio value of 0.3.

The shares outstanding for Magellan Midstream Partners LP is levered at 227.95 *.

$0.28 is the high EPS estimate for the next 12 months as per Zacks earnings estimates. The company had revenue of $348.00 million for the quarter, compared to analysts expectations of $415.86 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm's quarterly revenue was up 63.0% compared to the same quarter a year ago.

Several institutional investors have recently modified their holdings of the stock. The calculation of the researcher's estimated earnings per share for DaVita healthCare Partners $3.9 which is through the current year and the mean EPS target reached. Harvest Fund Advisors LLC now owns 3,030,193 shares of the company's stock worth $82,512,000 after buying an additional 325,299 shares during the last quarter.

Shares of Rice Midstream Partners (NYSE:RMP) opened at 22.07 on Monday.

Investment analysts at US Capital Advisors issued their Q1 2018 earnings per share estimates for Rice Midstream Partners in a research note issued on Thursday. Now the company has earned "Buy" from 3 equity analysts. Finally, Drexel Hamilton assumed coverage on Rice Midstream Partners in a research report on Tuesday, August 16th.

  • Zachary Reyes