EnLink Midstream Partners LP (NYSE:ENLK) was down 5.1% on Thursday . The company traded as low as $16.13 and last traded at $16.24. Approximately 705,842 shares were traded during trading, a decline of 8% from the average daily volume of 766,061 shares. The stock had previously closed at $17.11.

A number of equities research analysts recently weighed in on ENLK shares. Bank of America started coverage on shares of EnLink Midstream Partners in a research note on Tuesday, January 9th. They set a “buy” rating and a $18.00 price objective on the stock. UBS Group upgraded shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 24th. Citigroup cut their price objective on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Morgan Stanley lifted their price objective on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, BidaskClub upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. EnLink Midstream Partners currently has an average rating of “Hold” and an average price target of $18.18.

The company has a market capitalization of $5,667.90, a price-to-earnings ratio of -69.26 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date is Tuesday, January 30th. EnLink Midstream Partners’s payout ratio is currently -678.23%.

A number of large investors have recently added to or reduced their stakes in the stock. Linscomb & Williams Inc. grew its holdings in EnLink Midstream Partners by 2.1% during the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock worth $185,000 after acquiring an additional 227 shares during the period. Northern Trust Corp grew its holdings in EnLink Midstream Partners by 2.3% during the second quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock worth $244,000 after acquiring an additional 326 shares during the period. The Manufacturers Life Insurance Company grew its holdings in EnLink Midstream Partners by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after acquiring an additional 816 shares during the period. Alliancebernstein L.P. grew its holdings in EnLink Midstream Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 35,460 shares of the oil and gas producer’s stock worth $601,000 after acquiring an additional 1,985 shares during the period. Finally, First Capital Advisors Group LLC. grew its holdings in EnLink Midstream Partners by 25.7% during the fourth quarter. First Capital Advisors Group LLC. now owns 15,159 shares of the oil and gas producer’s stock worth $233,000 after acquiring an additional 3,104 shares during the period. 41.74% of the stock is currently owned by hedge funds and other institutional investors.

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About EnLink Midstream Partners

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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