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

A number of other equities research analysts also recently issued reports on ENLK. Zacks Investment Research upgraded shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. Seaport Global Securities initiated 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, UBS AG upgraded 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.38.

Shares of EnLink Midstream Partners, (NYSE:ENLK) opened at $14.60 on Wednesday. EnLink Midstream Partners, has a twelve month low of $14.43 and a twelve month high of $19.59. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71.

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A number of hedge funds have recently made changes to their positions in the business. Linscomb & Williams Inc. lifted its position in EnLink Midstream Partners, by 2.1% during the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after buying an additional 227 shares in the last quarter. Northern Trust Corp lifted its position in EnLink Midstream Partners, by 2.3% during the second quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock valued at $244,000 after buying an additional 326 shares in the last quarter. Hodges Capital Management Inc. lifted its position in EnLink Midstream Partners, by 1.4% during the second quarter. Hodges Capital Management Inc. now owns 29,650 shares of the oil and gas producer’s stock valued at $503,000 after buying an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in EnLink Midstream Partners, by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock valued at $189,000 after buying an additional 816 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in EnLink Midstream Partners, by 7.8% during the second quarter. Stephens Inc. AR now owns 14,406 shares of the oil and gas producer’s stock valued at $244,000 after buying an additional 1,043 shares in the last quarter. 41.07% of the stock is currently owned by hedge funds and other 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.

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

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