Analysts at Credit Suisse Group assumed coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set an “underperform” rating and a $17.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target would indicate a potential downside of 6.80% from the company’s current price.

Several other brokerages also recently commented on ENLK. ValuEngine upgraded shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Zacks Investment Research upgraded shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, September 26th. Barclays increased their target price on shares of EnLink Midstream Partners from $16.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. TheStreet upgraded shares of EnLink Midstream Partners from a “c+” rating to a “b-” rating in a report on Thursday, August 30th. Finally, Robert W. Baird set a $18.00 target price on shares of EnLink Midstream Partners and gave the company a “hold” rating in a report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.46.

Shares of ENLK stock traded down $0.31 on Thursday, hitting $18.24. The stock had a trading volume of 1,288,178 shares, compared to its average volume of 972,590. The company has a market cap of $6.53 billion, a P/E ratio of 608.00 and a beta of 2.28. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.72 and a quick ratio of 0.64. EnLink Midstream Partners has a 12-month low of $12.75 and a 12-month high of $19.45.

EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Tuesday, July 31st. The oil and gas producer reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. EnLink Midstream Partners had a net margin of 3.89% and a return on equity of 6.41%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, research analysts expect that EnLink Midstream Partners will post 0.44 earnings per share for the current fiscal year.

In related news, major shareholder Goldman Sachs Group Inc acquired 91,538 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was acquired at an average price of $18.52 per share, for a total transaction of $1,695,283.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alaina K. Brooks sold 55,619 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $17.65, for a total transaction of $981,675.35. Following the sale, the executive vice president now owns 80,648 shares of the company’s stock, valued at approximately $1,423,437.20. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning purchased a new position in shares of EnLink Midstream Partners in the second quarter worth about $171,000. Baldwin Brothers Inc. MA purchased a new position in shares of EnLink Midstream Partners in the second quarter worth about $208,000. First Capital Advisors Group LLC. purchased a new position in shares of EnLink Midstream Partners in the second quarter worth about $235,000. Cornerstone Wealth Management LLC purchased a new position in shares of EnLink Midstream Partners in the second quarter worth about $1,048,000. Finally, Stephens Inc. AR increased its stake in shares of EnLink Midstream Partners by 30.7% in the second quarter. Stephens Inc. AR now owns 19,841 shares of the oil and gas producer’s stock worth $308,000 after purchasing an additional 4,658 shares in the last quarter. Hedge funds and other institutional investors own 41.26% of the company’s stock.

About EnLink Midstream Partners

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.

Featured Story: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for EnLink Midstream Partners (NYSE:ENLK)

Receive News & Ratings for EnLink Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.