EnLink Midstream Partners LP (ENLK) Receives Analyst Rating

EnLink Midstream Partners LP (ENLK) : 14 analysts are covering EnLink Midstream Partners LP (ENLK) and their average rating on the stock is 2.39, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. EnLink Midstream Partners LP (ENLK) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

EnLink Midstream Partners LP (ENLK) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $18. The average forecast of all the analysts is $19.4 and the expected standard deviation is $1.51.


Also, FBR Capital initiates coverage on EnLink Midstream Partners LP (NYSE:ENLK). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $19 per share. The rating by the firm was issued on September 9, 2016.

EnLink Midstream Partners LP (NYSE:ENLK): The stock opened in the green at $17.13 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $17.36 and a low of $17.01 for the day. The stock did not find buyers even at the lows and closed at $17.08 recording a loss of -0.47%. 503,586 shares exchanged hands during the trading day. The stock had closed at $17.16 in the previous days trading.

EnLink Midstream Partners, LP, formerly Crosstex Energy, L.P., focuses on providing midstream energy services, including gathering, transmission, processing, fractionation and marketing, to producers of natural gas, natural gas liquids (NGL), crude oil and condensate. The Company also provides crude oil, condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines, approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity, as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9,100 miles of gathering and transportation pipelines, 16 processing plants, seven fractionators, as well as barge and rail terminals, product storage facilities, brine disposal wells, truck terminals and a fleet of approximately 100 trucks.

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