Analyst Ratings for EnLink Midstream Partners L.P. (ENLK)Updated: 2017-07-28
EnLink Midstream Partners L.P. (NYSE:ENLK) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Hold was previously issued for ENLK last month.
Of the 18 analysts covering the stock, 4 gave it a buy rating, 3 issued an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for ENLK by the analysts covering the stock. The highest price target was 23, which equates to a potential upside of 38.87 percent. The lowest price target was 17, implying a possible loss of 2.64 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -16.67 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -2.45 percent. If we look at the last 90 days instead, we find a net average change of -28.57 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
ENLK has traded between a high of 19.89 and a low of 15.07 over the past year. The current market price is above the trailing year's low by 9.9 percent, and 16.73 percent below the high. ENLK has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The ENLK value stock report compares ENLK to some of its peers using value stock charts. The stock has a market capitalization of $5.91 billion. ENLK will post this quarters earnings in days, on 0000-00-00.