EnLink Midstream Partners, LP (NYSE:ENLK) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.17.

A number of research analysts have commented on the company. BidaskClub raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price objective for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th. Finally, ValuEngine cut EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th.

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Several hedge funds have recently bought and sold shares of ENLK. Principal Financial Group Inc. raised its position in shares of EnLink Midstream Partners, by 812.9% in the 2nd quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock worth $63,872,000 after acquiring an additional 3,353,523 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of EnLink Midstream Partners, by 5.9% in the 2nd quarter. Alps Advisors Inc. now owns 11,839,995 shares of the oil and gas producer’s stock valued at $200,806,000 after purchasing an additional 661,122 shares during the period. Bank of America Corp DE lifted its stake in shares of EnLink Midstream Partners, by 54.0% in the 1st 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 purchasing an additional 582,364 shares during the period. First Trust Advisors LP purchased a new position in shares of EnLink Midstream Partners, in the 2nd quarter valued at approximately $9,642,000. Finally, Bank of Montreal Can lifted its stake in shares of EnLink Midstream Partners, by 26.6% in the 2nd 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 purchasing an additional 321,664 shares during the period. Hedge funds and other institutional investors own 40.57% of the company’s stock.

Shares of EnLink Midstream Partners, (ENLK) traded down 0.18% during mid-day trading on Wednesday, hitting $16.61. 521,104 shares of the stock traded hands. The stock’s market cap is $5.77 billion. The firm’s 50-day moving average is $15.92 and its 200-day moving average is $16.84. EnLink Midstream Partners, has a 52 week low of $14.43 and a 52 week high of $19.59.

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.

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

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