Analyst Rating Update on EnLink Midstream Partners LP (ENLK)

EnLink Midstream Partners LP (ENLK) : 3 brokerage houses believe that EnLink Midstream Partners LP (ENLK) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EnLink Midstream Partners LP (ENLK). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

EnLink Midstream Partners LP (ENLK) : The highest short term price target forecast on EnLink Midstream Partners LP (ENLK) is $20 and the lowest target price is $14. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $17.33 with a standard deviation of $2.

Company shares have received an average consensus rating of Hold for the current week


EnLink Midstream Partners LP (NYSE:ENLK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.41 and $16.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.33, notching a gain of 4.78% for the day. The total traded volume was 1,002,947 . The stock had closed at $16.54 on the previous day.

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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