EnLink Midstream Partners, LP (ENLK) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a sell rating to a hold rating in a report issued on Friday, September 1st.

A number of other analysts have also recently commented on ENLK. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of EnLink Midstream Partners, from a sell rating to a hold rating in a report on Tuesday, July 18th. Morgan Stanley lowered shares of EnLink Midstream Partners, from an overweight rating to an equal rating and cut their price target for the stock from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, ValuEngine lowered shares of EnLink Midstream Partners, from a hold rating to a sell rating in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $18.17.

Shares of EnLink Midstream Partners, (NYSE ENLK) opened at 16.29 on Friday. The company’s market cap is $5.66 billion. EnLink Midstream Partners, has a 1-year low of $14.43 and a 1-year high of $19.59. The company’s 50-day moving average is $15.82 and its 200 day moving average is $17.06.

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A number of institutional investors have recently added to or reduced their stakes in ENLK. Creative Planning increased its position in shares of EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 123 shares in the last quarter. Waldron LP purchased a new stake in EnLink Midstream Partners, during the 1st quarter worth about $549,000. Jennison Associates LLC increased its position in EnLink Midstream Partners, by 5.9% during the 1st quarter. Jennison Associates LLC now owns 520,708 shares of the oil and gas producer’s stock worth $9,529,000 after purchasing an additional 28,991 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in EnLink Midstream Partners, by 0.8% during the 1st quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock worth $184,000 after purchasing an additional 79 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in EnLink Midstream Partners, by 125.0% in the 1st quarter. Bank of New York Mellon Corp now owns 342,700 shares of the oil and gas producer’s stock worth $6,272,000 after buying an additional 190,419 shares during the last quarter. 41.67% of the stock is owned by institutional investors.

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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