EnLink Midstream Partners, LP (NYSE:ENLK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley downgraded EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and lowered their price target for the company from $20.00 to $19.00 in a report on Thursday, June 15th. Guggenheim started coverage on EnLink Midstream Partners, in a report on Tuesday, April 18th. They set a “neutral” rating and a $18.00 price target on the stock. BidaskClub upgraded EnLink Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. EnLink Midstream Partners, presently has an average rating of “Hold” and an average price target of $19.09.

EnLink Midstream Partners, (NYSE ENLK) traded up 0.79% during midday trading on Tuesday, reaching $16.66. 233,679 shares of the company’s stock traded hands. The company’s 50-day moving average price is $16.75 and its 200 day moving average price is $17.85. EnLink Midstream Partners, has a 52 week low of $15.07 and a 52 week high of $19.89. The stock’s market capitalization is $5.77 billion.

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Large investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 123 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of EnLink Midstream Partners, by 0.8% in the first quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock valued at $184,000 after buying an additional 79 shares during the last quarter. Linscomb & Williams Inc. bought a new stake in shares of EnLink Midstream Partners, during the first quarter valued at about $195,000. Clinton Group Inc. bought a new stake in shares of EnLink Midstream Partners, during the first quarter valued at about $200,000. Finally, Stephens Inc. AR increased its stake in shares of EnLink Midstream Partners, by 5.5% in the first quarter. Stephens Inc. AR now owns 13,363 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 696 shares during the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

EnLink Midstream Partners, Company Profile

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.

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Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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