EnLink Midstream Partners, LP (NYSE:ENLK) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently weighed in on the stock. Seaport Global Securities began coverage on shares of EnLink Midstream Partners, in a report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 price objective on the stock. Zacks Investment Research cut shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and issued a $16.00 price objective (down previously from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. Finally, ValuEngine downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. EnLink Midstream Partners, currently has a consensus rating of “Hold” and an average price target of $18.14.

Shares of EnLink Midstream Partners, (NYSE:ENLK) remained flat at $16.08 during trading on Friday. 816,534 shares of the stock were exchanged. The stock’s 50-day moving average is $16.39 and its 200 day moving average is $16.73. The firm’s market capitalization is $5.59 billion. EnLink Midstream Partners, has a one year low of $14.43 and a one year high of $19.59.

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A number of institutional investors have recently modified their holdings of ENLK. Principal Financial Group Inc. lifted its position in EnLink Midstream Partners, by 812.9% during the second quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock valued at $63,872,000 after purchasing an additional 3,353,523 shares during the period. Alps Advisors Inc. lifted its position in EnLink Midstream Partners, by 5.9% during the second 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 position in EnLink Midstream Partners, by 54.0% during the first 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 bought a new position in EnLink Midstream Partners, during the second quarter valued at approximately $9,642,000. Finally, Bank of Montreal Can lifted its position in EnLink Midstream Partners, by 26.6% during the second 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. Institutional investors own 40.57% 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.

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

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