EnLink Midstream Partners (NYSE:ENLK)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a research note issued to investors on Friday. They presently have a $18.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $19.00. Morgan Stanley’s price target would suggest a potential upside of 20.48% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Robert W. Baird set a $20.00 target price on shares of EnLink Midstream Partners and gave the stock a “buy” rating in a research report on Monday, February 12th. ValuEngine cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Goldman Sachs Group assumed coverage on shares of EnLink Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating on the stock. Finally, Bank of America assumed coverage on shares of EnLink Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.83.
EnLink Midstream Partners (NYSE ENLK) traded up $0.06 during midday trading on Friday, hitting $14.94. 964,084 shares of the stock were exchanged, compared to its average volume of 757,404. EnLink Midstream Partners has a twelve month low of $14.21 and a twelve month high of $18.97. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $5,208.34, a PE ratio of 496.00 and a beta of 2.15.
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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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