EnLink Midstream Partners Given Consensus Recommendation of “Buy” by Brokerages (NYSE:ENLK)
EnLink Midstream Partners (NYSE:ENLK) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Stock Ratings Network reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $29.27.
ENLK has been the subject of a number of recent research reports. Analysts at Oppenheimer upgraded shares of EnLink Midstream Partners from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $37.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of EnLink Midstream Partners to an “outperform” rating in a research note on Monday, March 10th. Finally, analysts at Wunderlich downgraded shares of EnLink Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. They now have a $33.00 price target on the stock.
Shares of EnLink Midstream Partners (NYSE:ENLK) traded up 0.64% during mid-day trading on Friday, hitting $31.29. The stock had a trading volume of 81,161 shares. EnLink Midstream Partners has a 52-week low of $18.22 and a 52-week high of $35.54. The stock’s 50-day moving average is $30.21 and its 200-day moving average is $28.58. The company’s market cap is $2.864 billion.
EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Thursday, February 27th. The company reported ($0.38) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.32. The company had revenue of $574.60 million for the quarter, compared to the consensus estimate of $492.58 million. During the same quarter in the prior year, the company posted ($0.51) earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that EnLink Midstream Partners will post $0.27 earnings per share for the current fiscal year.
EnLink Midstream Partners LP, formerly Crosstex Energy, L.P., focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids (NYSE:ENLK) and crude oil.
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