Analysts at Bank of America initiated coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a report released on Tuesday. The firm set a “buy” rating and a $18.00 price target on the oil and gas producer’s stock. Bank of America’s price objective would suggest a potential upside of 4.65% from the company’s current price.
Several other research analysts have also recently issued reports 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. Seaport Global Securities started coverage on shares of EnLink Midstream Partners in a research note on Tuesday, October 10th. They set a “neutral” rating and a $18.00 target price for the company. BidaskClub lowered shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. UBS Group upgraded shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, October 24th. Finally, Citigroup reduced their price target on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.00.
Shares of EnLink Midstream Partners (ENLK) opened at $17.20 on Tuesday. 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 1 year low of $14.43 and a 1 year high of $19.59. The firm has a market cap of $6,000.00, a PE ratio of -74.78 and a beta of 2.08.
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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.
