Enlink Midstream Partners LP (ENLK) Holder Rr Advisors LLC Has Cut Its Position by $3.26 Million as Market Value Rose

July 27, 2018 - By Victoria Pittman

Rr Advisors Llc decreased its stake in Enlink Midstream Partners Lp (ENLK) by 10.58% based on its latest 2018Q1 regulatory filing with the SEC. Rr Advisors Llc sold 251,000 shares as the company’s stock rose 4.95% while stock markets declined. The institutional investor held 2.12M shares of the public utilities company at the end of 2018Q1, valued at $28.96 million, down from 2.37M at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Enlink Midstream Partners Lp for a number of months, seems to be less bullish one the $5.72 billion market cap company. The stock decreased 0.61% or $0.1 during the last trading session, reaching $16.26. About 1.53 million shares traded or 61.74% up from the average. EnLink Midstream Partners, LP (NYSE:ENLK) has declined 8.46% since July 27, 2017 and is downtrending. It has underperformed by 21.03% the S&P500.

Analysts await EnLink Midstream Partners, LP (NYSE:ENLK) to report earnings on July, 31 after the close. ENLK’s profit will be $28.15M for 50.81 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by EnLink Midstream Partners, LP for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Another recent and important EnLink Midstream Partners, LP (NYSE:ENLK) news was published by Fool.com which published an article titled: “1 Top Oil Stock to Consider Buying for the 2nd Half of 2018” on July 05, 2018.

EnLink Midstream Partners, LP (NYSE:ENLK) Ratings Coverage

Among 13 analysts covering EnLink Midstream Partners (NYSE:ENLK), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. EnLink Midstream Partners has $20 highest and $1300 lowest target. $16.92’s average target is 4.06% above currents $16.26 stock price. EnLink Midstream Partners had 16 analyst reports since February 8, 2018 according to SRatingsIntel. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Hold” rating given on Monday, April 16 by Guggenheim. Bank of America maintained EnLink Midstream Partners, LP (NYSE:ENLK) rating on Thursday, February 8. Bank of America has “Buy” rating and $20 target. Jefferies maintained the stock with “Hold” rating in Wednesday, April 25 report. As per Wednesday, April 4, the company rating was upgraded by J.P. Morgan. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, June 12. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Buy” rating given on Friday, March 2 by UBS. Bank of America maintained the shares of ENLK in report on Tuesday, March 27 with “Buy” rating. The company was upgraded on Thursday, May 3 by MUFG Securities Americas Inc. The firm has “Hold” rating given on Monday, April 9 by Seaport Global. The company was maintained on Wednesday, June 6 by Stifel Nicolaus.

EnLink Midstream Partners, LP (NYSE:ENLK) Ratings Chart

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