EnLink Midstream Partners, LP (ENLK) Receives $18.29 Consensus PT from Analysts

EnLink Midstream Partners, LP (NYSE:ENLK) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.29.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. UBS AG raised shares of EnLink Midstream Partners, from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, October 24th. Seaport Global Securities assumed coverage on shares of EnLink Midstream Partners, in a report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $16.00 target price (down previously from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd.

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The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.19%. EnLink Midstream Partners,’s dividend payout ratio (DPR) is currently -649.97%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in EnLink Midstream Partners, by 54.0% in the 1st quarter. Bank of America Corp DE now owns 1,660,821 shares of the oil and gas producer’s stock valued at $30,393,000 after buying an additional 582,364 shares during the last quarter. Castleton Investment Management LLC bought a new position in EnLink Midstream Partners, in the 2nd quarter valued at approximately $2,204,000. Penserra Capital Management LLC raised its holdings in EnLink Midstream Partners, by 244.6% in the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock valued at $151,000 after buying an additional 6,351 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in EnLink Midstream Partners, in the 1st quarter valued at approximately $545,000. Finally, Dividend Assets Capital LLC raised its holdings in EnLink Midstream Partners, by 12.0% in the 2nd quarter. Dividend Assets Capital LLC now owns 810,710 shares of the oil and gas producer’s stock valued at $13,750,000 after buying an additional 86,690 shares during the last quarter. Institutional investors and hedge funds own 40.64% of the company’s stock.

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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