Reaffirmed: EnLink Midstream Partners (NYSE:ENLK) Sector Perform Rating Reiterated by Analysts at RBC Capital; $17 Target in Place

November 9, 2018 - By Anthony Rauscher

EnLink Midstream Partners (NYSE:ENLK) Rating Reaffirmed

In analysts report issued to investors and clients this morning, RBC Capital kept their Sector Perform rating on EnLink Midstream Partners (NYSE:ENLK) shares. The target would suggest a possible upside of 19.05 % from company’s current stock price.

EnLink Midstream Partners, LP (NYSE:ENLK) Ratings Coverage

Among 8 analysts covering EnLink Midstream Partners (NYSE:ENLK), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. EnLink Midstream Partners has $19 highest and $16 lowest target. $18.17’s average target is 27.24% above currents $14.28 stock price. EnLink Midstream Partners had 11 analyst reports since June 4, 2018 according to SRatingsIntel. The company was downgraded on Tuesday, October 23 by JP Morgan. The rating was downgraded by Citigroup to “Neutral” on Thursday, October 18. Barclays Capital maintained the shares of ENLK in report on Wednesday, August 29 with “Equal-Weight” rating. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Neutral” rating given on Tuesday, October 23 by Credit Suisse. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, June 6 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, June 12. The company was downgraded on Tuesday, October 23 by Raymond James. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, October 23. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 2. The rating was maintained by FBR Capital on Monday, June 4 with “Hold”.

The stock decreased 0.21% or $0.03 during the last trading session, reaching $14.28. About 1.67M shares traded or 27.35% up from the average. EnLink Midstream Partners, LP (NYSE:ENLK) has risen 15.61% since November 9, 2017 and is uptrending. It has underperformed by 0.01% the S&P500.

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The company has market cap of $5.07 billion. The firm provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids , crude oil, and condensate. It has a 46.36 P/E ratio. It connects the wells of natural gas producers to its gathering systems; processes natural gas for the removal of NGLs; fractionates NGLs into purity products; markets the purity products; and transports natural gas to various markets.

More important recent EnLink Midstream Partners, LP (NYSE:ENLK) news were published by: Seekingalpha.com which released: “EnLink Midstream Partners LP (ENLK) CEO Michael Garberding on Q3 2018 Results – Earnings Call Transcript” on November 08, 2018, also Seekingalpha.com published article titled: “EnLink Midstream Partners goes ex-dividend tomorrow”, Prnewswire.com published: “EnLink Midstream Launches Open Season for Expansion of Cajun-Sibon Pipeline System in Texas, Louisiana Gulf Coast” on November 08, 2018. More interesting news about EnLink Midstream Partners, LP (NYSE:ENLK) was released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: ADM, Broadcom, CDK, Comcast, Ctrip, DaVita, Lowe’s, Monster Beverage …” with publication date: November 08, 2018.

EnLink Midstream Partners, LP (NYSE:ENLK) Ratings Chart

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