|Bid||0.00 x 2900|
|Ask||16.05 x 2200|
|Day's Range||15.95 - 16.45|
|52 Week Range||13.80 - 20.00|
|PE Ratio (TTM)||12.99|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||1.05 (6.34%)|
|1y Target Est||17.87|
The following is a collection of this week’s deal closings for transactions involving private-equity firms and portfolio companies.
Devon (DVN) completes the divestiture of its ownership interests in the midstream assets, and will utilize the proceeds to strengthen operation, and increase the value of its shareholders.
DALLAS, July 18, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (ENLC) (the General Partner or ENLC), today announced that affiliates of Global Infrastructure Partners (GIP), a leading global independent infrastructure fund manager, completed the previously announced acquisition of all of Devon Energy Corporation's (Devon) interests in EnLink Midstream Manager, LLC (Manager), ENLC, and ENLK for total cash consideration of $3.125 billion.
ENLC continues declared distribution growth DALLAS , July 18, 2018 /PRNewswire/ -- The EnLink Midstream companies, EnLink Midstream, LLC (NYSE: ENLC) (the General Partner) and EnLink Midstream Partners, ...
Cheniere Energy Partners Holdings (CQH), a subsidiary of Cheniere Energy (LNG), fell 6.1% and was the lowest-performing MLP in the week ended July 13. CQH moves in tandem with Cheniere Energy following their ‘ merger announcement. The recent weakness in Cheniere Energy could be attributed to the rise in global trade war tensions and the recent stake sale by Carl Icahn.
DALLAS , July 16, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC), announced that a conference call to discuss ...
DALLAS , July 16, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited ...
Moody's Investors Service (Moody's) assigned first time ratings to GIP III Stetson I, L.P. (GIP III Stetson I), including a Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating (PDR). Moody's also assigned a Ba3 rating to a proposed $1 billion senior secured term loan with borrowers GIP III Stetson I and GIP III Stetson II, L.P. (GIP III Stetson II, unrated, and collectively GIP III Stetson).
EnLink Midstream Off ~12% from June Highs: Can It Bounce Back? A total of 63.0% of analysts surveyed by Reuters have rated EnLink Midstream Partners (ENLK) as a “buy” as of June 28. JPMorgan Chase last upgraded ENLK to “overweight,” which is equivalent to a “buy,” from a “neutral,” which is equivalent to a “hold.” Overall, the partnership has seen two rating updates in 2018 so far, including one upgrade and one downgrade.
Brookfield Investment Management added a major position in EnLink Midstream Partners (ENLK) during the first quarter. It bought 11.8 million positions in ENLK valued at $160.5 million. Brookfield Investment Management was followed by Salient Capital Advisors, which added 1.0 million shares.
EnLink Midstream Partners (ENLK) currently offers an attractive distribution yield of 10.1%. ENLK’s current distribution yield is higher than its trailing-three-year and trailing-five-year averages of 9.9% and 8.0%, respectively.
EnLink Midstream Partners (ENLK) recently fell below both its 50-day and 200-day moving averages, indicating a bearish sentiment in ENLK. The partnership was trading 2.5% below its 50-day moving average and 1.3% below its 200-day moving average on June 28.
EnLink Midstream Partners’ (ENLK) 30-day implied volatility was 31.2% on June 28, above its 15-day average of 30.4%. ENLK’s peers DCP Midstream (DCP) and Western Gas Partners (WES) have implied volatilities of 26.3% and 24.6%, respectively. In comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 22.0%.
EnLink Midstream Partners (ENLK) has been sluggish in recent trading sessions despite strong gains in crude oil prices. ENLK has fallen ~12% from its June highs. At the same time, the Alerian MLP ETF (AMLP), which is made up of 25 energy MLPs, has fallen ~4%, indicating a general sell-off in the midstream energy sector.
Confirmed timing for the third-quarter 2018 earnings call DALLAS , June 28, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC ...
DALLAS, June 27, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (ENLC) (the General Partner or ENLC), today announced that the Partnership will construct a new crude oil gathering system in the Northern Delaware Basin called the Avenger Crude Oil Gathering System (Avenger). Avenger is expected to significantly expand EnLink's crude oil gathering operations in the area.
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Benjamin D. Lamb Promoted to Executive Vice President and Chief Operating Officer Alaina K. Brooks Promoted to Executive Vice President, Chief Legal and Administrative Officer, and Secretary Eric D. Batchelder, ...
LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want a free Stock Review on KMI sign up now at www.wallstequities.com/registration. On Tuesday, June 19, 2018, US markets saw broad based losses with six out of nine sectors finishing the trading sessions in red.
DALLAS , June 19, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing ® MLP Market Cap Index (the "Index"). ...
DALLAS , June 18, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited ...
In the week ending June 8, Viper Energy Partners (VNOM), a royalty and mineral interest owner MLP, continued to be among the top MLP losses for the second consecutive week. Viper Energy Partners fell 9.5% last week. The partnership’s sharp decline last week could be due to its rating downgrade by Stifel and weakness in crude oil prices.
EnLink Midstream (ENLC), the GP of EnLink Midstream Partners (ENLK), is ranked second among MLPs in term of its correlation with crude oil. EnLink Midstream’s one-year correlation with crude oil was 0.39 as of June 5. The high correlation with crude oil could be attributed to EnLink Midstream’s dependence on the limited partnership for distribution income and the company’s involvement in the natural gas processing and NGLs (natural gas liquids) marketing business.
Oil and gas producer Devon Energy Corp said on Wednesday it would sell its stakes in pipeline operator EnLink Midstream for $3.13 billion to pare debt and focus on its core shale business as crude prices hover near four-year highs. The company's shares rose more than 6 percent to $41.85 in early afternoon trade as the company also boosted its share buyback program to $4 billion from $1 billion. Devon leads a pack of oil producers that are looking to drill beyond the Permian basin in Texas and eyeing little known Oklahoma-based shale producing areas of SCOOP and STACK to boost production.
Oil and gas producer Devon Energy Corp.’s interests in the Dallas midstream company includes stakes in EnLink Midstream Manager LLC, EnLink Midstream Partners LP and EnLink Midstream LLC.