EnLink Midstream Partners LP(NYSE:ENLK) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.225B. Analysts estimated a revenue of $1.120B. The revenues were 9.38% above the estimates. Earnings per share were $-0.18. The reported EPS was below estimates by -550%. Analysts had estimated an EPS of $0.04.
EnLink Midstream Partners LP (ENLK) shares turned negative on Wednesdays trading session with the shares closing down -0.25 points or -1.29% at a volume of 6,87,551. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.36. The peak price level was also seen at $19.36 while the days lowest was $19.09. Finally the shares closed at $19.2. The 52-week high of the shares is $19.89 while the 52-week low is $7.45. According to the latest information available, the market cap of the company is $6,583 M.
Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Susan J Mcaden (V.P. Accounting & CAO) sold 5,700 shares at $17.47 per share price.Also, On Nov 2, 2015, Midstream, Inc. Enlink (director 10% owner) purchased 2,849,100 shares at $0.00 per share price.On Nov 2, 2015, Midstream, Llc Enlink (director 10% owner) purchased 2,849,100 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.
EnLink Midstream Partners LP formerly Crosstex Energy L.P. focuses on providing midstream energy services including gathering transmission processing fractionation and marketing to producers of natural gas natural gas liquids (NGL) crude oil and condensate. The Company also provides crude oil condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9100 miles of gathering and transportation pipelines 16 processing plants seven fractionators as well as barge and rail terminals product storage facilities brine disposal wells truck terminals and a fleet of approximately 100 trucks.