EnLink Midstream Declares Quarterly Distributions for First Quarter 2016

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Simmons Raises Price Target on Devon Energy (DVN) Following Mississippian Divestiture

April 25, 2016 8:43 AM UTC

Simmons reiterated a Neutral rating on Devon Energy (NYSE: DVN), and raised the price target to $36.00 (from $31.00), following the company's recent divestiture of non-core Mississippian assets. The sale of Non-Core Mississippian Assets to White Star Petroleum, LLC for $200M is expected to close in 2Q'16.... More

Simmons Raises Price Target on EnLink Midstream Partners (ENLK) to $17; Reiterates Overweight

April 21, 2016 8:19 AM UTC

Simmons reiterated an Overweight rating on EnLink Midstream Partners (NYSE: ENLK), and raised the price target to $17.00 (from $15.00), following Devon Energy's asset sale update. The various measures DVN has taken to preserve its financial position have reduced the potential need for DVN to use monetization of its ownership in ENLK as a financial support tool. Simmons believes that any further... More

EnLink Midstream (ENLC) Declares $0.255 Quarterly Dividend; 7.5% Yield

April 21, 2016 8:09 AM UTC

EnLink Midstream (NYSE: ENLC) declared a quarterly dividend of $0.255 per share, or $1.02 annualized.

The dividend will be payable on May 13, 2016, to stockholders of record on May 2, 2016, with an ex-dividend date of April 28, 2016.

The annual yield on the dividend is 7.5... More