EnLink Midstream Partners, LP (ENLK) saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ENLK, as the stock is now up over 9% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the midstream energy services provider has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ENLK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas sector include Valero Energy Partners LP VLP, Access Midstream Partners, L.P. ACMP and Kinder Morgan Management LLC KMR. While Valero Energy Partners carries a Zacks Rank #1 (Strong Buy), Access Midstream Partners and Kinder Morgan Management hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
ACCESS MIDSTRM ACMP: Free Stock Analysis Report
ENLINK MIDST LP (ENLK): Free Stock Analysis Report
KINDER MORG MGT KMR: Free Stock Analysis Report
VALERO EGY PTNR VLP: Free Stock Analysis Report
To read this article on Zacks.com click here.
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ENLK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas sector include Valero Energy Partners LP VLP, Access Midstream Partners, L.P. ACMP and Kinder Morgan Management LLC KMR. While Valero Energy Partners carries a Zacks Rank #1 (Strong Buy), Access Midstream Partners and Kinder Morgan Management hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
ACCESS MIDSTRM ACMP: Free Stock Analysis Report
ENLINK MIDST LP (ENLK): Free Stock Analysis Report
KINDER MORG MGT KMR: Free Stock Analysis Report
VALERO EGY PTNR VLP: Free Stock Analysis Report
To read this article on Zacks.com click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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