EnLink Midstream Partners (NYSE:ENLK) had its target price increased by research analysts at Bank of America from $18.00 to $20.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Bank of America’s price objective indicates a potential upside of 23.15% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. UBS Group upgraded 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. Citigroup dropped their price objective on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley increased their price objective on EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. BidaskClub upgraded EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.18.
Shares of EnLink Midstream Partners (NYSE:ENLK) traded down $0.87 during midday trading on Thursday, reaching $16.24. The company’s stock had a trading volume of 705,842 shares, compared to its average volume of 766,061. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners has a 12 month low of $14.43 and a 12 month high of $19.59. The stock has a market cap of $6,041.34, a P/E ratio of -72.95 and a beta of 2.08.
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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