EnLink Midstream Partners, LP (ENLK) Receives $18.57 Consensus Price Target from Analysts

Shares of EnLink Midstream Partners, LP (NYSE:ENLK) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.57.

A number of equities analysts have weighed in on ENLK shares. Stifel Nicolaus raised shares of EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley cut shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and decreased their price objective for the company from $20.00 to $19.00 in a research report on Thursday, June 15th. BidaskClub raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $16.00 price objective (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd.

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Several institutional investors have recently modified their holdings of ENLK. Principal Financial Group Inc. raised its stake in shares of EnLink Midstream Partners, by 812.9% in the 2nd quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock valued at $63,872,000 after purchasing an additional 3,353,523 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of EnLink Midstream Partners, by 5.9% in the 2nd quarter. Alps Advisors Inc. now owns 11,839,995 shares of the oil and gas producer’s stock valued at $200,806,000 after purchasing an additional 661,122 shares in the last quarter. Bank of America Corp DE raised its stake in shares of EnLink Midstream Partners, by 54.0% in the 1st quarter. Bank of America Corp DE now owns 1,660,821 shares of the oil and gas producer’s stock valued at $30,393,000 after purchasing an additional 582,364 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of EnLink Midstream Partners, in the 2nd quarter valued at about $9,642,000. Finally, Infrastructure Capital Advisors LLC raised its stake in shares of EnLink Midstream Partners, by 101.3% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 956,565 shares of the oil and gas producer’s stock valued at $17,505,000 after purchasing an additional 481,320 shares in the last quarter. Institutional investors and hedge funds own 41.67% of the company’s stock.

EnLink Midstream Partners, (NYSE ENLK) traded up 0.12% during mid-day trading on Friday, reaching $16.27. The company’s stock had a trading volume of 558,961 shares. EnLink Midstream Partners, has a 1-year low of $14.43 and a 1-year high of $19.59. The stock’s 50 day moving average price is $15.91 and its 200 day moving average price is $17.10. The stock’s market capitalization is $5.65 billion.

EnLink Midstream Partners, Company Profile

EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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