EnLink Midstream Partners (NYSE:ENLK) Now Covered by Bank of America

Analysts at Bank of America started coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a research note issued on Tuesday, January 9th. The brokerage set a “buy” rating and a $18.00 price target on the oil and gas producer’s stock. Bank of America’s target price would indicate a potential upside of 1.75% from the company’s previous close.

ENLK has been the subject of a number of other reports. Seaport Global Securities started coverage on shares of EnLink Midstream Partners in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 price target for the company. Zacks Investment Research raised shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Citigroup dropped their price objective on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lifted their price target on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, BidaskClub downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.00.

EnLink Midstream Partners (NYSE:ENLK) opened at $17.69 on Tuesday. The stock has a market cap of $6,173.96, a PE ratio of -76.91 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. EnLink Midstream Partners has a 12 month low of $14.43 and a 12 month high of $19.59.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.01) earnings per share for the quarter. EnLink Midstream Partners had a net margin of 0.76% and a return on equity of 1.20%. analysts anticipate that EnLink Midstream Partners will post 0.02 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Linscomb & Williams Inc. lifted its holdings in EnLink Midstream Partners by 2.1% in the 2nd quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 227 shares in the last quarter. Northern Trust Corp increased its position in shares of EnLink Midstream Partners by 2.3% during the 2nd quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock worth $244,000 after purchasing an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of EnLink Midstream Partners by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 816 shares during the last quarter. Stephens Inc. AR increased its position in shares of EnLink Midstream Partners by 7.8% during the 2nd quarter. Stephens Inc. AR now owns 14,406 shares of the oil and gas producer’s stock worth $244,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of EnLink Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 35,460 shares of the oil and gas producer’s stock worth $601,000 after purchasing an additional 1,985 shares during the last quarter. Institutional investors own 41.67% 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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