Guggenheim set a $16.00 price target on EnLink Midstream Partners (NYSE:ENLK) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the oil and gas producer’s stock.

A number of other equities analysts have also issued reports on the company. Seaport Global Securities set a $13.00 target price on EnLink Midstream Partners and gave the company a hold rating in a research report on Monday, April 9th. US Capital Advisors downgraded EnLink Midstream Partners from an overweight rating to a hold rating in a report on Friday, April 6th. JPMorgan Chase upgraded EnLink Midstream Partners from a neutral rating to an overweight rating and boosted their price target for the company from $16.00 to $17.00 in a report on Wednesday, April 4th. ValuEngine downgraded EnLink Midstream Partners from a sell rating to a strong sell rating in a report on Tuesday, April 3rd. Finally, Bank of America lowered their price target on EnLink Midstream Partners from $20.00 to $17.00 and set a buy rating for the company in a report on Tuesday, March 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $16.75.

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Shares of ENLK opened at $14.51 on Monday. EnLink Midstream Partners has a 52-week low of $12.75 and a 52-week high of $18.97. The company has a market capitalization of $4,812.81, a price-to-earnings ratio of 483.67 and a beta of 2.13. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98.

EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). EnLink Midstream Partners had a net margin of 2.51% and a return on equity of 3.43%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.46 billion. sell-side analysts expect that EnLink Midstream Partners will post 0.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. grew its stake in EnLink Midstream Partners by 3.3% during the 4th quarter. Alps Advisors Inc. now owns 13,690,156 shares of the oil and gas producer’s stock worth $210,418,000 after buying an additional 432,641 shares during the last quarter. Clearbridge Investments LLC grew its stake in EnLink Midstream Partners by 4.8% during the 4th quarter. Clearbridge Investments LLC now owns 10,284,122 shares of the oil and gas producer’s stock worth $158,067,000 after buying an additional 468,760 shares during the last quarter. Advisory Research Inc. grew its stake in EnLink Midstream Partners by 3.2% during the 4th quarter. Advisory Research Inc. now owns 9,276,044 shares of the oil and gas producer’s stock worth $142,573,000 after buying an additional 285,624 shares during the last quarter. Chickasaw Capital Management LLC grew its stake in EnLink Midstream Partners by 0.7% during the 4th quarter. Chickasaw Capital Management LLC now owns 6,060,179 shares of the oil and gas producer’s stock worth $93,145,000 after buying an additional 42,569 shares during the last quarter. Finally, Cushing Asset Management LP grew its stake in EnLink Midstream Partners by 1.2% during the 4th quarter. Cushing Asset Management LP now owns 4,821,198 shares of the oil and gas producer’s stock worth $74,102,000 after buying an additional 58,547 shares during the last quarter. Institutional investors and hedge funds own 41.23% of the company’s stock.

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EnLink Midstream Partners Company Profile

EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.

Analyst Recommendations for EnLink Midstream Partners (NYSE:ENLK)

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