EnLink Midstream Partners LP (ENLK) Receives Consensus Rating of “Hold” from Brokerages

EnLink Midstream Partners LP (NYSE:ENLK) has earned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.00.

ENLK has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on shares of EnLink Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Citigroup lowered their price target on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. UBS Group upgraded shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, October 24th. Finally, Bank of America initiated coverage on shares of EnLink Midstream Partners in a report on Tuesday, January 9th. They set a “buy” rating and a $18.00 price target on the stock.

Shares of EnLink Midstream Partners (ENLK) traded up $0.36 during trading hours on Tuesday, reaching $17.16. 461,025 shares of the company’s stock traded hands, compared to its average volume of 746,345. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.85. EnLink Midstream Partners has a 52 week low of $14.43 and a 52 week high of $19.59. The firm has a market cap of $5,870.00, a P/E ratio of -73.48 and a beta of 2.08.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.09%. The ex-dividend date is Tuesday, January 30th. EnLink Midstream Partners’s dividend payout ratio is currently -678.26%.

A number of large investors have recently modified their holdings of ENLK. Alps Advisors Inc. boosted its holdings in EnLink Midstream Partners by 12.0% in the third quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock worth $222,196,000 after purchasing an additional 1,417,520 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in EnLink Midstream Partners by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 3,141,051 shares of the oil and gas producer’s stock worth $51,607,000 after purchasing an additional 620,380 shares in the last quarter. Bank of Montreal Can boosted its holdings in EnLink Midstream Partners by 37.5% in the fourth quarter. Bank of Montreal Can now owns 2,189,225 shares of the oil and gas producer’s stock worth $33,648,000 after purchasing an additional 597,000 shares in the last quarter. Center Coast Capital Advisors LP boosted its holdings in EnLink Midstream Partners by 3.4% in the third quarter. Center Coast Capital Advisors LP now owns 14,024,298 shares of the oil and gas producer’s stock worth $235,047,000 after purchasing an additional 461,130 shares in the last quarter. Finally, ING Groep NV bought a new stake in EnLink Midstream Partners in the third quarter worth $5,229,000. Hedge funds and other institutional investors own 41.74% of the company’s stock.

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About EnLink Midstream Partners

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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