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.
ENLK was given price targets by several analysts. The highest price target was 23, implying potential capital gains of 38.87 percent. The minimum price target given was 17, which equates to a potential downside of 2.64 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -16.67 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -2.45 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -28.57 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
In the last 52-weeks, ENLK has achieved a high of 19.89 and a low of 15.07. Today's price is 9.9 percent above the 52-week low, and below the high by 16.73 percent. ENLK has a P/E 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 market cap of ENLK is $5.91 billion. ENLK will post this quarters earnings in days, on 0000-00-00.