EnLink Midstream Partners, LP (ENLK) Receives New Coverage from Analysts at Seaport Global Securities

Seaport Global Securities began coverage on shares of EnLink Midstream Partners, LP (NYSE:ENLK) in a research report report published on Tuesday. The brokerage issued a neutral rating and a $18.00 price objective on the oil and gas producer’s stock.

A number of other equities research analysts have also recently commented on ENLK. Morgan Stanley cut EnLink Midstream Partners, from an overweight rating to an equal rating and decreased their price objective for the stock from $20.00 to $19.00 in a research note on Thursday, June 15th. Stifel Nicolaus raised EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. BidaskClub raised EnLink Midstream Partners, from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Zacks Investment Research cut EnLink Midstream Partners, from a hold rating to a sell rating in a research note on Tuesday, July 11th. Finally, ValuEngine cut EnLink Midstream Partners, from a hold rating to a sell rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $18.14.

Shares of EnLink Midstream Partners, (NYSE:ENLK) traded up 1.9796% during midday trading on Tuesday, hitting $16.9592. The stock had a trading volume of 375,598 shares. The firm’s market capitalization is $5.91 billion. EnLink Midstream Partners, has a one year low of $14.43 and a one year high of $19.59. The firm’s 50-day moving average price is $16.16 and its 200-day moving average price is $16.81.

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A number of large investors have recently bought and sold shares of ENLK. Waldron LP acquired a new position in EnLink Midstream Partners, in the first quarter valued at about $549,000. Bank of New York Mellon Corp grew its stake in EnLink Midstream Partners, by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 342,700 shares of the oil and gas producer’s stock valued at $6,272,000 after acquiring an additional 190,419 shares during the period. Clinton Group Inc. acquired a new position in EnLink Midstream Partners, in the first quarter valued at about $200,000. Alliancebernstein L.P. grew its stake in EnLink Midstream Partners, by 40.6% in the first quarter. Alliancebernstein L.P. now owns 33,475 shares of the oil and gas producer’s stock valued at $613,000 after acquiring an additional 9,666 shares during the period. Finally, Principal Financial Group Inc. grew its stake in EnLink Midstream Partners, by 20.6% in the first quarter. Principal Financial Group Inc. now owns 412,530 shares of the oil and gas producer’s stock valued at $7,549,000 after acquiring an additional 70,591 shares during the period. 40.57% of the stock is owned by hedge funds and other institutional investors.

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)

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