Seaport Global Securities began coverage on shares of EnLink Midstream Partners, LP (NYSE:ENLK) in a research note issued on Tuesday. The firm set a “neutral” rating and a $18.00 price target on the oil and gas producer’s stock. Seaport Global Securities’ price objective would suggest a potential upside of 9.42% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus raised shares of EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley downgraded shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and lowered their price objective for the company from $20.00 to $19.00 in a research report on Thursday, June 15th. BidaskClub raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 price objective (down previously from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. EnLink Midstream Partners, has a consensus rating of “Hold” and a consensus target price of $18.14.

Shares of EnLink Midstream Partners, (NYSE ENLK) opened at 16.45 on Tuesday. The firm’s market cap is $5.72 billion. EnLink Midstream Partners, has a 52 week low of $14.43 and a 52 week high of $19.59. The stock’s 50 day moving average is $16.10 and its 200 day moving average is $16.82.

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A number of institutional investors have recently bought and sold shares of ENLK. Waldron LP acquired a new position in EnLink Midstream Partners, during the 1st quarter valued at about $549,000. Bank of New York Mellon Corp boosted its stake in EnLink Midstream Partners, by 125.0% during the 1st quarter. Bank of New York Mellon Corp now owns 342,700 shares of the oil and gas producer’s stock valued at $6,272,000 after purchasing an additional 190,419 shares during the period. Clinton Group Inc. acquired a new position in EnLink Midstream Partners, during the 1st quarter valued at about $200,000. Alliancebernstein L.P. boosted its stake in EnLink Midstream Partners, by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 33,475 shares of the oil and gas producer’s stock valued at $613,000 after purchasing an additional 9,666 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in EnLink Midstream Partners, by 20.6% during the 1st quarter. Principal Financial Group Inc. now owns 412,530 shares of the oil and gas producer’s stock valued at $7,549,000 after purchasing an additional 70,591 shares during the period. 40.57% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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