EnLink Midstream Partners, LP (ENLK) Given Average Recommendation of “Hold” by Brokerages

EnLink Midstream Partners, LP (NYSE:ENLK) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.17.

Several research firms have issued reports on ENLK. BidaskClub lowered shares of EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Morgan Stanley lowered shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and decreased their price target for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th. ValuEngine lowered shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd.

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Shares of EnLink Midstream Partners, (NYSE:ENLK) traded down 0.48% during midday trading on Wednesday, hitting $16.45. 244,845 shares of the stock were exchanged. EnLink Midstream Partners, has a 12-month low of $14.43 and a 12-month high of $19.59. The firm’s market cap is $5.72 billion. The stock’s 50 day moving average is $16.06 and its 200 day moving average is $16.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Waldron LP bought a new position in shares of EnLink Midstream Partners, during the 1st quarter worth about $549,000. Bank of New York Mellon Corp lifted its holdings in shares of EnLink Midstream Partners, by 125.0% during 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 acquiring an additional 190,419 shares during the period. Clinton Group Inc. bought a new position in shares of EnLink Midstream Partners, during the 1st quarter worth about $200,000. Alliancebernstein L.P. lifted its holdings in shares of EnLink Midstream Partners, by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 33,475 shares of the oil and gas producer’s stock worth $613,000 after acquiring an additional 9,666 shares during the period. Finally, Principal Financial Gr

Several research firms have issued reports on ENLK. BidaskClub lowered shares of EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Morgan Stanley lowered shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and decreased their price target for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th. ValuEngine lowered shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/09/enlink-midstream-partners-lp-enlk-given-average-recommendation-of-hold-by-brokerages.html.

Shares of EnLink Midstream Partners, (NYSE:ENLK) traded down 0.48% during midday trading on Wednesday, hitting $16.45. 244,845 shares of the stock were exchanged. EnLink Midstream Partners, has a 12-month low of $14.43 and a 12-month high of $19.59. The firm’s market cap is $5.72 billion. The stock’s 50 day moving average is $16.06 and its 200 day moving average is $16.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Waldron LP bought a new position in shares of EnLink Midstream Partners, during the 1st quarter worth about $549,000. Bank of New York Mellon Corp lifted its holdings in shares of EnLink Midstream Partners, by 125.0% during 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 acquiring an additional 190,419 shares during the period. Clinton Group Inc. bought a new position in shares of EnLink Midstream Partners, during the 1st quarter worth about $200,000. Alliancebernstein L.P. lifted its holdings in shares of EnLink Midstream Partners, by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 33,475 shares of the oil and gas producer’s stock worth $613,000 after acquiring an additional 9,666 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of EnLink Midstream Partners, by 20.6% during the 1st quarter. Principal Financial Group Inc. now owns 412,530 shares of the oil and gas producer’s stock worth $7,549,000 after acquiring an additional 70,591 shares during the period. Institutional investors own 40.57% of the company’s stock.

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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One Response

  1. Bob says:

    If enlk hits it’s consensus target of 18.40, that plus divs will be a return of over 20%.

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