EnLink Midstream Partners, LP (NYSE:ENLK) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a $18.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 13.85% from the company’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also recently commented on ENLK. ValuEngine cut EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Morgan Stanley cut EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price target for the stock from $20.00 to $19.00 in a research note on Thursday, June 15th. BidaskClub cut EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Zacks Investment Research cut EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Finally, Guggenheim initiated coverage on EnLink Midstream Partners, in a research note on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.08.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

EnLink Midstream Partners, (ENLK) opened at 15.81 on Friday. The stock’s market cap is $5.48 billion. The stock has a 50 day moving average price of $17.02 and a 200-day moving average price of $17.93. EnLink Midstream Partners, has a 12-month low of $14.89 and a 12-month high of $19.89.

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Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in EnLink Midstream Partners, by 222.3% in the fourth quarter. Renaissance Technologies LLC now owns 860,300 shares of the oil and gas producer’s stock valued at $15,847,000 after buying an additional 593,400 shares during the period. Bank of America Corp DE raised its position in EnLink Midstream Partners, by 54.0% in the first 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 period. Infrastructure Capital Advisors LLC raised its position in EnLink Midstream Partners, by 101.3% in the first quarter. Infrastructure Capital Advisors LLC now owns 956,565 shares of the oil and gas producer’s stock valued at $17,505,000 after buying an additional 481,320 shares during the period. ING Groep NV bought a new position in EnLink Midstream Partners, during the first quarter valued at approximately $8,693,000. Finally, Edge Asset Management Inc. raised its position in EnLink Midstream Partners, by 13.4% in the first quarter. Edge Asset Management Inc. now owns 3,370,194 shares of the oil and gas producer’s stock valued at $61,675,000 after buying an additional 398,805 shares during the period. Hedge funds and other institutional investors own 42.61% 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.

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