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Inside ENLK’s Implied Volatility before the 3Q16 Earnings

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EnLink Midstream’s implied volatility

EnLink Midstream Partners’ (ENLK) implied volatility has fallen significantly after rising to over 100.0% at the beginning of 2016. ENLK’s current implied volatility is 40.2%, which is 3.3% higher than its 15-day average of 38.9%.

The rise in ENLK’s volatility during the first three months of 2016 could be attributed to the volatility in commodity prices. However, as commodity prices started to recover, ENLK’s implied volatility has come down.

ENLK peers Enable Midstream Partners (ENBL), Crestwood Equity Partners (CEQP), and Western Gas Partners (WES) have implied volatilities of 40.0%, 44.0%, and 31.6%, respectively.

In the next and final part, we’ll analyze the analyst recommendations for EnLink Midstream Partners.

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