EnLink Midstream LLC
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What Analysts Recommend for EnLink Midstream after 3Q16 Earnings
At a broader level, 52.9% of analysts rate EnLink Midstream Partners (ENLK) a “hold,” 41.2% rate it a “buy,” and the remaining 5.9% rate it a “sell.”
Options Traders Should Watch Midstream Stock Returns
EnLink Midstream rose 63.2% in the past year ending on February 6. It has the highest implied volatility of all the midstream companies that make up AMLP.
Which Midstream Stocks Led in Short Interest?
As of August 29, 2016, EnLink Midstream (ENLC) had the highest short interest-to-equity float ratio among midstream stocks at 10.1%.
Option Traders: Look at These Midstream Stocks
On September 19, 2016, Teekay LNG Partners (TGP) had an implied volatility of 43.3%, the highest among the midstream companies. Its 15-day average implied volatility was 45.6%, and its current volatility was 5% below its 15-day average.
Why Have Investors Dumped Energy Transfer Equity?
Energy Transfer Equity has lost 79.9% in the past year. Williams Companies, Western Gas Equity, and EnLink Midstream have lost significantly as well.
ETE Between the Lines: Reading the Current Valuation
Energy Transfer Equity (ETE) currently trades at a price-to-distributable cash flow of 16.6x. This is lower than its ten-quarter average of 19.5x.
What Wall Street Analysts Recommend for EnLink Midstream
A total of 63.0% of analysts surveyed by Reuters have rated EnLink Midstream Partners (ENLK) as a “buy” as of June 28.
Traders Are Most Bearish about These Midstream Stocks
On December 12, 2016, EnLink Midstream (ENLC) had a short-interest-to-equity float ratio of 9.5%, the highest among all the midstream companies that are part of the Alerian MLP ETF (AMLP).
Bearish Midstream Stocks: Do You Own Them?
In the past three months, EnLink Midstream has risen 8.9%, while its short-interest-to-equity-float ratio has risen 30.9%.
Last Week’s MLP Ratings Updates
CVR Refining (CVRR), a downstream MLP involved in crude oil refining and refined products marketing, saw ratings updates and target price revisions from Barclays and UBS last week.
Five High-Dividend Stocks You Should Watch
Let’s take a look at five stocks that are trading with high dividend yields and the risks involved with each.
Top MLP Losses in the Week Ending June 8
In the week ending June 8, Viper Energy Partners continued to be among the top MLP losses for the second consecutive week.
ETE Recovered with Crude Oil: Can It Gain Upward Momentum?
Energy Transfer Equity (ETE) has risen 4.7% in the last three trading sessions due to the recovery in crude oil prices.
Which Midstream Stocks Generated the Most Returns in Q1?
NGL Energy Partners (NGL) generated total returns, including price appreciation and dividends, of ~50% in the first quarter.
Midstream Stocks with High Short Interest: Do You Own Any?
On January 3, 2017, EnLink Midstream (ENLC) had a short interest-to-equity float ratio of 8.9%, the highest among all midstream companies that are part of AMLP.
ENLC, ALTM, SUN, and SHLX: Top Midstream Gains and Losses
EnLink Midstream Partners and EnLink Midstream (ENLC) fell 11.3% and 10.2%, respectively, last week.
The 10 MLPs Most Correlated with Crude Oil
In this series, we’ll look at the ten MLPs most correlated with crude oil amid crude oil price volatility.
EnLink Midstream Partners to Maintain Flat Distribution in 2017
EnLink Midstream Partners (ENLK) is expected to keep its quarterly distribution flat at $0.39 per unit for all of 2017.
Is EnLink Midstream Partners a ‘Buy’ before Its 3Q17 Earnings?
For EnLink Midstream Partners, 56.3% of the analysts rate it as a “hold,” 37.5% rate it as a “buy,” and 6.3% rate it as a “sell” as of October 24, 2017.
These Midstream Stocks Have the Highest Short Interest
On March 13, EnLink Midstream had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream stocks in the Alerian MLP ETF (AMLP).
These Midstream Stocks Lead in Short Interest
On March 6, EnLink Midstream Partners had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream companies in AMLP.
ENLK, BPL, and CEQP: The Top MLP Gainers Last Week
EnLink Midstream Partners (ENLK) rose 7.7% last week. The stock has gained substantially since its strong second-quarter results.
ENLC and ENLK: Last Week’s Analyst Rating Updates
On October 23, Raymond James cut its rating for EnLink Midstream Partners (ENLK) from “outperform” to “market perform.”
These Midstream Players Have Created Maximum Wealth for Investors
In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.
What Drove EnLink Midstream Partners’ 3Q17 Earnings Growth?
EnLink Midstream Partners (ENLK) and EnLink Midstream (ENLC) reported their 3Q17 earnings on October 31, 2017. ENLK’s adjusted EBITDA rose to $216.8 million from $197.5 million in 3Q16.
What Will Drive EnLink Midstream’s 4Q16 EBITDA
Wall Street analysts’ 4Q16 consensus EBITDA estimate for ENLK is $197.7 million—5.7% higher than in 4Q15.
ETE, PAGP, WGP, and ENLC: Analyzing MLPs’ General Partners
In this series, we’ll perform a comparative analysis of four MLPs’ general partners: Energy Transfer Equity, Plains GP Holdings, Western Gas Equity Partners, and EnLink Midstream LLC.
What Will Drive EnLink Midstream Partners’ 2Q17 EBITDA?
EnLink Midstream Partners (ENLK) and its GP (general partner), EnLink Midstream (ENLC), are scheduled to release their 2Q17 earnings on August 1, 2017.
Can ETE Gain Momentum after a Weak Start to 2H17?
Energy Transfer Equity (ETE) had a sluggish start to the month. It has risen 0.2% since the beginning of July.
How Midstream Stocks Impacted Their Implied Volatilities
In the past week, EnLink Midstream (ENLC) fell the most. On May 2, 2017, it reported negative 1Q17 diluted earnings of $0.01 per common share.
Midstream Stocks Approach 52-Week Lows: Time to Buy?
Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.
Midstream Stocks Outperformed the Energy Space Last Week
Last week (ended July 5), midstream stock EnLink Midstream LLC (ENLC) outperformed the energy space. Here’s a summary of midstream stocks’ performance.
MLP and Midstream Rating Updates Last Week
On February 19, TD Securities raised its target price for Enbridge (ENB) from 56 Canadian dollars to 57 Canadian dollars.
OKE, VNOM, and NGL: Top MLP and Midstream Gains Last Week
Hi-Crush Partners (HCLP), Viper Energy Partners (VNOM), and Dorchester Minerals (DMLP) were among the top MLP gainers last week.
Which High-Yield MLPs Do Analysts Recommend?
Around 40% of the analysts rated Suburban Propane Partners as a “buy.” The stock offers an upside potential of 21% from the current price.
EnLink Midstream Partners: Analysts’ Views and Target Price
EnLink Midstream Partners (ENLK) stock offers an upside potential of 39%—compared to its current market price of $12.82.
NGL, ENLC, ENLK, EQGP: The Week’s Top Midstream Underperformers
Last week, EnLink Midstream (ENLC) announced an agreement to acquire EnLink Midstream Partners (ENLK).
EnLink Midstream: Second-Highest Correlation with Crude Oil
EnLink Midstream (ENLC), the GP of EnLink Midstream Partners (ENLK), is ranked second among MLPs in term of its correlation with crude oil.
EnLink Midstream Partners’ Strong Earnings Growth in 1Q18
EnLink Midstream Partners’ (ENLK) adjusted EBITDA rose to $243.7 million in 1Q18 from $211.2 million in 1Q17, a YoY (year-over-year) increase of 15.4%.
WGP Ranks Ninth among Its Peers in Terms of Upside Potential
Western Gas Equity Partners (WGP), the MLP GP (general partner) of Western Gas Partners (WES), has fallen 11.1% since the start of this year.
Last Week’s Biggest MLP Losers: SMLP and More
Summit Midstream Partners (SMLP), a midstream MLP mainly involved in crude oil gathering and processing and crude oil gathering, was the biggest MLP loser last week.
EnLink Midstream’s Crude Oil Exposure Is Expected to Increase
EnLink Midstream, the general partner of EnLink Midstream Partners (ENLK), ranks fifth among midstream companies in terms of the correlation with crude oil.
Behind Hi-Crush Partners’ High Correlation with Crude Oil
Hi-Crush Partners has low direct commodity price exposure. The one-year correlation between Hi-Crush Partners and crude oil was 0.47 as of February 6.
What Analysts Recommend for ENLK and ENLC after 3Q17 Results
About 56% of analysts rate EnLink Midstream Partners (ENLK) a “hold,” while 38.0% rate it a “buy.”
EnLink Continues to Expand Capacity in Delaware and STACK Regions
EnLink Midstream Partners (ENLK) continues to expand its processing capacity in the Delaware and STACK regions with the announcement of new processing plants in both regions.
MLP Rating Updates Last Week
EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”
How DCP Midstream Plans to Reduce Its Commodity Price Exposure
DCP Midstream DCP Midstream (DCP) has the second-highest correlation with crude oil, after EnLink Midstream (ENLC). The one-year correlation between DCP and crude oil was 0.51 on October 6, 2017. DCP Midstream’s high correlation with crude oil reflects its high direct commodity price exposure, mainly through its natural gas processing and NGL (natural gas liquid) business. The […]
These MLPs Lost the Most Last Week
EV Energy Partners (EVEP) and Mid-Con Energy Partners (MCEP) were the top two MLP losers last week.
How Market Reacted to Energy Transfer Partners’ Secondary Offering
Energy Transfer Partners (ETP) announced a public offering of 54 million common units on August 14. ETE, which owns the IDRs (incentive distribution rights) in ETP, is expected to benefit from the equity offering.
ETE’s, ENLC’s Short Interests Are above the Industry Average
Short interest in EnLink Midstream LLC (ENLC) as a percentage of its float is the highest among its peers. ENLC’s 8.9% is followed by Energy Transfer Equity’s (ETE) 7.1%.
Antero Midstream GP Completes IPO: What You Need to Know
Antero Midstream GP (AMGP) recently completed its IPO (initial public offering). AMGP gives investors a second option to invest in the high-distribution-growth Antero Midstream Partners (AM).
Why PAGP Has the Highest Distribution Yield among Its Peers
Western Gas Equity Partners (WGP) has the lowest distribution yield among its peers at 4.5%. This low yield can be attributed to its strong historical distribution growth and robust guidance.
ETE, PAGP, WGP, ENLC: A Distribution Growth Guidance Comparison
Plains GP Holdings (PAGP) announced a distribution cut in 3Q16. Based on this distribution cut, PAGP declared a distribution of $0.55 per unit for 1Q17, an 11.3% fall YoY (year-over-year).
Is Energy Transfer Equity Currently Undervalued?
Energy Transfer Equity (ETE) currently trades at a price-to-distributable cash flow of 17.1x. This is low compared to its ten-quarter average of 19.8x.
Why Is Enbridge Energy Partners’ Implied Volatility Elevated?
On January 27, Enbridge Energy Partners announced its financial outlook and strategic update. Its implied volatility rose 34.5%, while its stock fell 17.6%.
Midstream Stocks’ Implied Volatility: The Role of Returns
While NGL Energy Partners rose the most among midstream stocks with high implied volatility in the past five days, EnLink Midstream (ENLC) lost the most.
How Did EnLink Midstream Stock Perform in 2016?
EnLink Midstream Partners (ENLK) has risen 11.0% year-to-date. In this series, we’ll analyze ENLK’s balance position, cash flow measures, operating results, and analyst projections.
High Volatility Midstream Stocks for Options Traders
On November 22, 2016, Energy Transfer Equity (ETE) had an implied volatility of 49.6%—the highest among the midstream companies that are part of AMLP.
Top Five Midstream Stocks with High Short Interest
On October 10, 2016, EnLink Midstream (ENLC) had a short interest-to-equity float ratio of 10.7%, the highest among all midstream companies that are part of AMLP.
Which Midstream Stocks Are Investors Most Bearish On?
On October 3, 2016, EnLink Midstream (ENLC) had a short interest-to-equity float ratio of 10.7%—the highest among all of the midstream stocks.
EnLink Midstream Has the Highest Implied Volatility
On October 3, EnLink Midstream had an implied volatility of 47%—the highest among midstream companies. Its 15-day average implied volatility was 44.7%.
What Drove EnLink Midstream’s 2Q16 Earnings?
EnLink Midstream’s 2Q16 adjusted EBITDA decreased to $189.5 million from $190.4 million in 2Q15, which represents a YoY (year-over-year) decline of 0.5%.
Why Were EnLink Midstream’s Distributions Flat in 4Q15?
EnLink Midstream Partners (ENLK) declared distributions of $0.39 per share for 4Q15. This represents a flat distribution over the previous quarter and a 4.0% YoY increase over 4Q14.
Point72 Asset Management Lowers Its Stake in Devon Energy
Point72 lowered its stake in Devon Energy by selling 1,664,900 shares. It held 1,044,900 Devon Energy shares—0.45% of the fund’s total 4Q14 portfolio.
