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EnLink Midstream Partners LP Representing Limited Partnership Interests is part of the oil and gas midstream industry and trades as part of the energy sector. The company CEO is Michael J. Garberding. EnLink Midstream Partners LP provides midstream energy services, including gathering, transmission, processing, fractionation, brine services and marketing, to producers of natural gas, NGLs, crude oil, and condensate.



Previous Intraday Performance:

The ENLK shares had a previous change of -3.75% which opened at 12.52 and closed at 12.05. It moved to an intraday high of 12.66 and a low of 11.91.

SeekingAlpha:  Merger Arbitrage Mondays – January 28, 2019

Historical Performance:

Over the last five trading days, ENLK shares returned -8.59% and in the past 30 trading days it returned -6.81%. Over three months, it changed -17.74%. In one year it has changed -21.72% and within that year its 52-week high was 19.45 and its 52-week low was 10.31. ENLK stock is 16.89% above its 52 Week Low.

Our calculations result in a 200 day moving average of 14.79 and a 50 day moving average of 12.45. Right now, ENLK stock is trading -18.54% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  MLPs: A Quiet Place

Liquidity:

The company has a market cap of $4.3b with 353.1m shares outstanding and a float of 350.4m shares. Trading volume was 26,100,369 shares and has experienced an average volume of 2,838,618 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.

Earnings:

The last annual reported EPS for EnLink Midstream Partners LP Representing Limited Partnership Interests was 0.05 which ended on 31st of December 2017, which according to the previous close, that is a PE of 241.00. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.10. The trailing twelve month EPS is 0.34, which comes to a trailing twelve month PE of 35.44.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.06
06-30-2018:  0.17
03-31-2018:  0.06
12-31-2017:  0.05

The dividend per share is currently 1.56, which is a dividend yield of 12.95%. ENLK stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

The next earnings report will be: 03-29-2019



The growth of the EPS is critical in understanding the current valuation of EnLink Midstream Partners LP Representing Limited Partnership Interests; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 39.20% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 0.80% of insider ownership and 59.80% of institutional ownership. Short-interest was 5,653,601, which was 1.60% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.66. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 2.09

SeekingAlpha:  MLPs: A Quiet Place

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 2.30%, profit margin is 4.06%, price-to-sales is 0.78 and price-to-book is 1.06.

Company Score Card:

Results are out of six:
 1  : Growth Expectations Result
 0  : Financial Safety Result
 1  : Past Performance Result
 0  : Valuation Result
 3  : Dividend Safety Result
 1  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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