EnLink Midstream Partners (ENLK) PT Set at $20.00 by Robert W. Baird

EnLink Midstream Partners (NYSE:ENLK) has been assigned a $20.00 target price by investment analysts at Robert W. Baird in a research note issued on Monday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Robert W. Baird’s target price points to a potential upside of 20.99% from the company’s current price.

ENLK has been the subject of several other reports. ValuEngine lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America started coverage on shares of EnLink Midstream Partners in a research report on Tuesday, January 9th. They issued a “buy” rating and a $18.00 target price for the company. Credit Suisse Group started coverage on shares of EnLink Midstream Partners in a research report on Friday, January 5th. They issued a “neutral” rating and a $16.00 target price for the company. Zacks Investment Research lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Monday. Finally, BidaskClub upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.33.

EnLink Midstream Partners (NYSE:ENLK) opened at $16.53 on Monday. The firm has a market cap of $5,770.00, a price-to-earnings ratio of -71.87 and a beta of 2.08. EnLink Midstream Partners has a 1-year low of $14.43 and a 1-year high of $19.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.

A number of hedge funds and other institutional investors have recently bought and sold shares of ENLK. Alps Advisors Inc. boosted its position in EnLink Midstream Partners by 12.0% during the third quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock valued at $222,196,000 after buying an additional 1,417,520 shares during the period. Eagle Global Advisors LLC boosted its position in EnLink Midstream Partners by 40.1% during the fourth quarter. Eagle Global Advisors LLC now owns 2,616,399 shares of the oil and gas producer’s stock valued at $40,214,000 after buying an additional 749,200 shares during the period. JPMorgan Chase & Co. boosted its position in EnLink Midstream Partners by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 3,141,051 shares of the oil and gas producer’s stock valued at $51,607,000 after buying an additional 620,380 shares during the period. Bank of Montreal Can boosted its position in EnLink Midstream Partners by 37.5% during the fourth quarter. Bank of Montreal Can now owns 2,189,225 shares of the oil and gas producer’s stock valued at $33,648,000 after buying an additional 597,000 shares during the period. Finally, Center Coast Capital Advisors LP boosted its position in EnLink Midstream Partners by 3.4% during the third quarter. Center Coast Capital Advisors LP now owns 14,024,298 shares of the oil and gas producer’s stock valued at $235,047,000 after buying an additional 461,130 shares during the period. Institutional investors and hedge funds own 41.63% of the company’s stock.

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About EnLink Midstream Partners

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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