BidaskClub Downgrades EnLink Midstream Partners, LP (NYSE:ENLK) to Sell

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

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Other analysts have also issued reports about the company. Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price objective for the stock from $20.00 to $19.00 in a report on Thursday, June 15th. Zacks Investment Research upgraded EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Guggenheim started coverage on EnLink Midstream Partners, in a report on Tuesday, April 18th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.20.

EnLink Midstream Partners, (ENLK) traded down 0.48% during midday trading on Friday, reaching $16.60. The company’s stock had a trading volume of 316,141 shares. The stock’s 50-day moving average price is $16.63 and its 200-day moving average price is $17.72. EnLink Midstream Partners, has a 12 month low of $15.07 and a 12 month high of $19.89. The firm’s market capitalization is $5.75 billion.

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Several large investors have recently modified their holdings of ENLK. Creative Planning increased its stake in shares of EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 123 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of EnLink Midstream Partners, by 0.8% in the first quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock valued at $184,000 after buying an additional 79 shares in the last quarter. Linscomb & Williams Inc. acquired a new stake in shares of EnLink Midstream Partners, during the first quarter valued at about $195,000. Clinton Group Inc. acquired a new stake in shares of EnLink Midstream Partners, during the first quarter valued at about $200,000. Finally, Stephens Inc. AR increased its stake in shares of EnLink Midstream Partners, by 5.5% in the first quarter. Stephens Inc. AR now owns 13,363 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 696 shares in the last quarter. 42.70% of the stock is currently owned by institutional investors.

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.