Valuable Price Trends to Observe: EnLink Midstream, LLC (NYSE:ENLC)
- Author: Zachary Reyes Mar 11, 2017,
Mar 11, 2017, 1:21
Morgan Stanley reaffirmed a "hold" rating and set a $83.00 target price on shares of EQT Midstream Partners, in a research report on Wednesday, September 21st.
Hedge funds have recently made changes to their positions in the stock.
Yesterday EnLink Midstream LLC (NYSE:ENLC) traded -0.51% lower at $19.40.
There are 4 sell ratings, 9 hold ratings, 1 buy rating on the stock. Inc raised its position in EnLink Midstream by 76.2% in the third quarter. AMP Capital Investors Ltd now owns 22,275 shares of the company's stock worth $519,000 after buying an additional 475 shares during the last quarter. Global X Management Co. LLC raised its position in Martin Midstream Partners L.P.by 23.9% in the third quarter.
"Brian Robert Rich Sells 500 Shares of CONE Midstream Partners LP (CNNX) Stock" was originally posted by Community Financial News and is owned by of Community Financial News. Hollencrest Securities LLC now owns 23,400 shares of the company's stock worth $568,000 after buying an additional 2,240 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in shares of EQT GP Holdings by 8.2% in the second quarter. One brokerage rating the company a strong buy, two brokerages rating the company a buy, eleven brokerages rating the company a hold, one brokerage rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $14.40. The company's institutional ownership is monitored at 65 percent.
Rice Midstream Partners LP (NYSE:RMP)'s market cap, the total dollar value of all of their outstanding shares, is 2452.56m. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright legislation. The stock has an average rating of "Hold" and a consensus target price of $17.69. EQT Midstream Partners, LP (NYSE:EQM) has a present Value Composite score of 55. EQT GP Holdings has a 1-year low of $21.45 and a 1-year high of $28.49. The company's 50-day moving average is $18.94 and its 200-day moving average is $17.66.
CONE Midstream Partners (NYSE:CNNX) last released its quarterly earnings results on Thursday, February 16th.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ENLC's earnings for the coming quarter and year. EQT Midstream Partners, had a return on equity of 27.10% and a net margin of 68.88%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.16 billion. For the Next fiscal year, the estimate is $2.11 based on the consensus. During the same quarter a year ago, the firm posted $0.38 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Tuesday, February 7th were paid a $0.2505 dividend.
On 7/20/2016 EnLink Midstream LLC announced a quarterly dividend of $0.26 with an ex dividend date of 7/28/2016 which will be payable on 8/12/2016. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.54%. The Company's assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.).
EnLink Midstream, LLC is a midstream energy services company. EnLink Oklahoma T.O., a partnership owned by the Partnership and the Company, is engaged in the gathering and processing of natural gas.