Investment analysts at Credit Suisse Group began coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $16.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target would indicate a potential downside of 5.21% from the stock’s previous close.
ENLK has been the subject of several other reports. Goldman Sachs Group began coverage on EnLink Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating for the company. Zacks Investment Research raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Citigroup reduced their price objective on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. UBS Group raised EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, October 24th. Finally, BidaskClub cut EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.00.
Shares of EnLink Midstream Partners (NYSE:ENLK) traded down $0.15 during mid-day trading on Friday, reaching $16.88. The company had a trading volume of 507,339 shares, compared to its average volume of 614,735. The firm has a market capitalization of $5,900.00, a PE ratio of -73.39 and a beta of 2.08. EnLink Midstream Partners has a 52-week low of $14.43 and a 52-week high of $19.59. 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 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.