EnLink Midstream Partners (ENLK) Coverage Initiated at Bank of America
Bank of America assumed coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a research note issued to investors on Tuesday. The brokerage issued a buy rating and a $18.00 price objective on the oil and gas producer’s stock.
ENLK has been the topic of a number of other research reports. Seaport Global Securities initiated coverage on EnLink Midstream Partners in a research report on Tuesday, October 10th. They issued a neutral rating and a $18.00 target price on the stock. Zacks Investment Research raised EnLink Midstream Partners from a sell rating to a hold rating in a research report on Thursday, October 26th. Citigroup lowered their target price on EnLink Midstream Partners from $21.00 to $19.00 and set a buy rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley lifted their target price on EnLink Midstream Partners from $18.00 to $19.00 and gave the company an equal weight rating in a research report on Friday, November 17th. Finally, BidaskClub cut EnLink Midstream Partners from a hold rating to a sell rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of $18.00.
EnLink Midstream Partners (ENLK) traded up $0.01 during trading hours on Tuesday, hitting $17.19. The company had a trading volume of 460,100 shares, compared to its average volume of 694,764. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $6,000.00, a P/E ratio of -74.74 and a beta of 2.08. EnLink Midstream Partners has a twelve month low of $14.43 and a twelve month high of $19.59.
Large investors have recently modified their holdings of the company. Castleton Investment Management LLC bought a new stake in shares of EnLink Midstream Partners during the second quarter worth approximately $2,204,000. Keybank National Association OH bought a new stake in shares of EnLink Midstream Partners during the third quarter worth approximately $283,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of EnLink Midstream Partners by 6.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,780,832 shares of the oil and gas producer’s stock worth $46,607,000 after acquiring an additional 171,478 shares during the period. CNH Partners LLC boosted its holdings in shares of EnLink Midstream Partners by 32.4% during the second quarter. CNH Partners LLC now owns 38,409 shares of the oil and gas producer’s stock worth $651,000 after acquiring an additional 9,400 shares during the period. Finally, Conning Inc. boosted its holdings in shares of EnLink Midstream Partners by 5.0% during the third quarter. Conning Inc. now owns 148,408 shares of the oil and gas producer’s stock worth $2,487,000 after acquiring an additional 7,049 shares during the period. Institutional investors own 41.66% of the company’s stock.
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.
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