EnLink Midstream Partners (ENLK) Moving On Heavy Volume In The Pre-Market Hours
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified EnLink Midstream Partners as such a stock due to the following factors:
- ENLK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.3 million.
- ENLK traded 114,325 shares today in the pre-market hours as of 7:30 AM, representing 27.4% of its average daily volume.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in ENLK with the Ticky from Trade-Ideas. See the FREE profile for ENLK NOW at Trade-Ideas
More details on ENLK:
Enlink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The stock currently has a dividend yield of 5.5%. ENLK has a PE ratio of 45.8. Currently there are 5 analysts that rate EnLink Midstream Partners a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for EnLink Midstream Partners has been 455,000 shares per day over the past 30 days. EnLink Midstream has a market cap of $6.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.36 and a short float of 2.4% with 6.49 days to cover. Shares are down 5.7% year-to-date as of the close of trading on Monday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates EnLink Midstream Partners as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- ENLK's very impressive revenue growth greatly exceeded the industry average of 19.6%. Since the same quarter one year prior, revenues leaped by 65.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The current debt-to-equity ratio, 0.42, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.09, which illustrates the ability to avoid short-term cash problems.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 124.3% when compared to the same quarter one year prior, rising from $23.00 million to $51.60 million.
- Net operating cash flow has significantly increased by 1316.30% to $92.40 million when compared to the same quarter last year. In addition, ENLINK MIDSTREAM PARTNERS LP has also vastly surpassed the industry average cash flow growth rate of -11.68%.
- ENLINK MIDSTREAM PARTNERS LP has shown improvement in its earnings for its most recently reported quarter when compared with the same quarter a year earlier. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, ENLINK MIDSTREAM PARTNERS LP increased its bottom line by earning $0.60 versus $0.00 in the prior year. For the next year, the market is expecting a contraction of 4.2% in earnings ($0.58 versus $0.60).
- You can view the full EnLink Midstream Partners Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
null