EnLink Midstream Partners, LP (ENLK) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a hold rating to a sell rating in a research report report published on Wednesday morning.

A number of other equities research analysts also recently commented on the company. Citigroup Inc. decreased their target price 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. Zacks Investment Research raised EnLink Midstream Partners, from a sell rating to a hold rating in a report on Thursday, October 26th. UBS AG raised EnLink Midstream Partners, from a neutral rating to a buy rating and set a $19.00 price target for the company in a report on Tuesday, October 24th. Seaport Global Securities initiated coverage on EnLink Midstream Partners, in a report on Tuesday, October 10th. They issued a neutral rating and a $18.00 price target for the company. Finally, Jefferies Group LLC reissued a hold rating and issued a $16.00 price target (down from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. EnLink Midstream Partners, presently has an average rating of Hold and a consensus target price of $18.38.

EnLink Midstream Partners, (ENLK) traded up $0.08 during trading on Wednesday, hitting $14.93. The company had a trading volume of 415,112 shares, compared to its average volume of 631,905. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. EnLink Midstream Partners, has a 12-month low of $14.43 and a 12-month high of $19.59.

ILLEGAL ACTIVITY NOTICE: “EnLink Midstream Partners, LP (ENLK) Lowered to Sell at BidaskClub” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://stocknewstimes.com/2017/11/16/enlink-midstream-partners-lp-enlk-lowered-to-sell-at-bidaskclub.html.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.45%. The ex-dividend date was Tuesday, October 31st. EnLink Midstream Partners,’s payout ratio is -678.26%.

Several hedge funds have recently made changes to their positions in ENLK. Alliancebernstein L.P. raised its stake in shares of EnLink Midstream Partners, by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 33,475 shares of the oil and gas producer’s stock worth $613,000 after buying an additional 9,666 shares during the period. Credit Suisse AG raised its stake in shares of EnLink Midstream Partners, by 35.4% during the 1st quarter. Credit Suisse AG now owns 180,211 shares of the oil and gas producer’s stock worth $3,298,000 after buying an additional 47,136 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of EnLink Midstream Partners, by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 453,177 shares of the oil and gas producer’s stock worth $8,293,000 after buying an additional 63,691 shares during the period. Chickasaw Capital Management LLC raised its stake in shares of EnLink Midstream Partners, by 1.7% during the 2nd quarter. Chickasaw Capital Management LLC now owns 5,848,293 shares of the oil and gas producer’s stock worth $99,187,000 after buying an additional 95,528 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of EnLink Midstream Partners, by 5.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 184,710 shares of the oil and gas producer’s stock worth $3,133,000 after buying an additional 9,410 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for EnLink Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply