|Bid||15.95 x 800|
|Ask||15.96 x 800|
|Day's Range||15.86 - 16.11|
|52 Week Range||12.75 - 18.58|
|PE Ratio (TTM)||114.32|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||1.56 (9.14%)|
|1y Target Est||17.06|
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.
Shares of Devon Energy Corp. rallied 1.2% in premarket trade Wednesday, after the company said it agreed to sell its interest in EnLink Midstream Partners L.P. and EnLink Midstream LLC for $3.125 billion to an affiliate of Global Infrastructure Partners. As a result of the deal, the oil and natural gas company said it increased its share repurchase program to $4 billion, from the $1 billion program announced in March. Based on Tuesday's closing price for Devon's stock, the new program could represent about 19.4% of the shares outstanding.
Devon Energy is selling EnLink Midstream and its aggregate ownership interests in EnLink Midstream Partners for about $3.13 billion to an affiliate of an infrastructure fund manager, Devon said.
DALLAS, June 6, 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, have entered into a definitive agreement with Devon Energy Corp. (Devon) to acquire all of Devon's interests in EnLink Midstream Manager, LLC (Manager), ENLC, and ENLK for total cash consideration of $3.125 billion.
Oil and gas producer Devon Energy Corp plans to sell its interests in EnLink Midstream to an affiliate of fund manager Global Infrastructure Partners for $3.13 billion in cash.
Devon Energy Corp plans to sell its interests in EnLink Midstream to an affiliate of fund manager Global Infrastructure Partners for $3.13 billion in cash.
This Monday, WallStEquities.com has initiated reports coverage on the following Independent Oil & Gas equities: EnLink Midstream Partners LP (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), EOG Resources Inc. (NYSE: EOG), and EP Energy Corp. (NYSE: EPE). All you have to do is sign up today for this free limited time offer by clicking the link below.
NEW YORK, May 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of EnLink ...
LONDON, UK / ACCESSWIRE / May 29, 2018 / If you want access to our free earnings report on EnLink Midstream Partners, L.P. (NYSE: ENLK) ("EnLink"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENLK. The Company posted its financial results on May 01, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company's total revenues and diluted earnings per share (EPS) grew on a y-o-y basis, outshining Wall Street's estimates.
DALLAS , May 21, 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 ...
For today, WallStEquities.com has selected the following stocks for review: Marathon Oil Corp. (NYSE: MRO), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and Gulfport Energy Corp. (NASDAQ: GPOR). Independent Oil and Gas companies are exclusively engaged in the exploration and production segment of the industry, with no downstream marketing or refining within their operations.
Moody's Investors Service (Moody's) affirmed the ratings for Devon Energy Corporation (Devon), including the company's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), Ba1 senior unsecured debt rating and SGL-1 Speculative Grade Liquidity (SGL) Rating. Devon's rating outlook is stable. Concurrently, Moody's affirmed EnLink Midstream Partners, LP's (EnLink) Ba1 CFR, Ba1-PD PDR, Ba1 senior unsecured notes rating and its SGL-3 Speculative Grade Liquidity Rating.
Q1 2018 EnLink Midstream Partners LP and EnLink Midstream LLC Earnings Call
DALLAS , May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
About 58.0% of analysts rated Western Gas Partners (WES) as a “hold” on May 1, and the remaining 42.0% of analysts rated it as a “hold.” Deutsche Bank recently initiated coverage on WES with a “buy” rating. Seaport Global downgraded the partnership from a “buy” to a “neutral” rating, which is equivalent to a “hold.” Overall, the partnership has seen rating updates since the start of this year, including two downgrades and one new coverage initiation.
On a per-share basis, the Dallas-based company said it had net income of 7 cents. The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment ...
DALLAS , May 1, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner ...
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. In the past 4 years EnLink Midstream LLCRead More...