EnLink Midstream Partners, LP (ENLK) Raised to Hold at Zacks Investment Research

EnLink Midstream Partners, LP (NYSE:ENLK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas. “

ENLK has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 price objective (down from $17.00) on shares of EnLink Midstream Partners, in a research note on Sunday, September 3rd. BidaskClub lowered EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. UBS Group AG raised EnLink Midstream Partners, from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday. ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Seaport Global Securities assumed coverage on EnLink Midstream Partners, in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.29.

Shares of EnLink Midstream Partners, (NYSE:ENLK) traded up 0.13% during mid-day trading on Thursday, hitting $15.20. The stock had a trading volume of 1,195,082 shares. EnLink Midstream Partners, has a 1-year low of $14.43 and a 1-year high of $19.59. The firm’s market capitalization is $5.28 billion. The stock’s 50-day moving average is $16.33 and its 200-day moving average is $16.66.

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A number of institutional investors and hedge funds have recently modified their holdings of ENLK. Principal Financial Group Inc. lifted its stake in EnLink Midstream Partners, by 812.9% in the second 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 buying an additional 3,353,523 shares during the period. Alps Advisors Inc. lifted its stake in EnLink Midstream Partners, by 5.9% in the second quarter. Alps Advisors Inc. now owns 11,839,995 shares of the oil and gas producer’s stock valued at $200,806,000 after buying an additional 661,122 shares during the period. Bank of America Corp DE lifted its stake in EnLink Midstream Partners, by 54.0% in the first 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 buying an additional 582,364 shares during the period. First Trust Advisors LP acquired a new position in EnLink Midstream Partners, in the second quarter valued at approximately $9,642,000. Finally, Bank of Montreal Can lifted its stake in EnLink Midstream Partners, by 26.6% in the second quarter. Bank of Montreal Can now owns 1,530,988 shares of the oil and gas producer’s stock valued at $25,966,000 after buying an additional 321,664 shares during the period. 40.64% of the stock is currently owned by hedge funds and other institutional investors.

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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