EnLink Midstream Partners (ENLK) PT Lowered to $15.00 at Barclays

EnLink Midstream Partners (NYSE:ENLK) had its price target reduced by equities research analysts at Barclays from $18.00 to $15.00 in a report issued on Tuesday. The firm presently has an “equal weight” rating on the oil and gas producer’s stock. Barclays’ target price suggests a potential upside of 2.39% from the company’s current price.

ENLK has been the subject of several other research reports. UBS reissued a “buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of EnLink Midstream Partners in a report on Friday, March 2nd. Robert W. Baird set a $20.00 price objective on EnLink Midstream Partners and gave the stock a “buy” rating in a report on Monday, February 12th. Bank of America boosted their price objective on EnLink Midstream Partners from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (down previously from $19.00) on shares of EnLink Midstream Partners in a research note on Friday, March 9th. Finally, US Capital Advisors lowered EnLink Midstream Partners from an “overweight” rating to a “hold” rating in a research note on Friday, April 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. EnLink Midstream Partners currently has a consensus rating of “Hold” and an average price target of $16.62.

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ENLK stock traded up $0.14 during mid-day trading on Tuesday, reaching $14.65. 872,083 shares of the company traded hands, compared to its average volume of 822,737. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4,812.81, a PE ratio of 488.33 and a beta of 2.13. EnLink Midstream Partners has a 52-week low of $12.75 and a 52-week high of $18.97.

EnLink Midstream Partners (NYSE:ENLK) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.46 billion. EnLink Midstream Partners had a net margin of 2.51% and a return on equity of 3.43%. equities research analysts anticipate that EnLink Midstream Partners will post 0.36 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. First Dallas Securities Inc. bought a new position in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $109,000. Captrust Financial Advisors bought a new position in EnLink Midstream Partners in the fourth quarter valued at about $130,000. Stuart Chaussee & Associates Inc. bought a new position in EnLink Midstream Partners in the fourth quarter valued at about $143,000. The Manufacturers Life Insurance Company lifted its holdings in EnLink Midstream Partners by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 816 shares during the period. Finally, Pitcairn Co. bought a new position in shares of EnLink Midstream Partners in the fourth quarter worth about $178,000. Hedge funds and other institutional investors own 41.23% of the company’s stock.

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EnLink Midstream Partners Company Profile

EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.

Analyst Recommendations for EnLink Midstream Partners (NYSE:ENLK)

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