|Bid||14.900 x 900|
|Ask||14.910 x 800|
|Day's Range||14.600 - 15.090|
|52 Week Range||12.750 - 18.580|
|PE Ratio (TTM)||107.30|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||1.56 (9.96%)|
|1y Target Est||17.38|
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 ...
MLPs’ yields have continued to surpass those of other investment options. The Alerian MLP Index’s (AMZ) current yield is 7.90%, while the SPDR S&P 500’s is ~1.95%. Utilities and REITs, which are also considered as income-generating investments, have yields of 3.79% and 4.00%, respectively.
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).
This morning, WallStEquities.com covers the Independent Oil and Gas space to see how select stocks have fared at the close of the last trading session: Energy XXI Gulf Coast Inc. (NASDAQ: EGC), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and EOG Resources Inc. (NYSE: EOG). Last Friday at the close, shares in Houston, Texas headquartered Energy XXI Gulf Coast Inc. ended flat at $9.00.
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.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...
Alliance Resource Partners (ARLP), an MLP involved in coal mining and production, was the top MLP loss in the week ending June 22. Alliance Resource Partners fell 8.5%. The recent weakness could be attributed to a strong increase in the natural gas demand from US utilities, which could impact the overall coal demand. Alliance Resources Partners has lost 7.4% since the beginning of this year.
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, ...
Cheniere Energy's (LNG) Midship pipeline is going to boost the takeaway capacity from Anadarko Basin for catering to the soaring demand for liquefied natural gas along the Gulf Coast.
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.
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.
The oil giant plans to use the proceeds to buy back a significant portion of its outstanding stock.
Global Infrastructure Fund, a giant investor in the backbones of energy and transportation systems around the world, has acquired a stake in Dallas oil pipeline builder EnLink Midstream Partners for more than $3.1 billion in cash.
"The EnLink proceeds, combined with proceeds from the non-core E&P assets already sold and those currently being marketed, will exceed our $5 billion divestiture target," Chief Executive Officer Dave Hager said in statement. Devon is trying to simplify its asset portfolio, cut costs and at the same time return cash to shareholders. "The midstream monetization may have come sooner than anticipated as some were expecting sale of Canada or the Eagle Ford," Kathy Yang, analyst at Cowen & Co, said.