EnLink Midstream Partners LP (NYSE:ENLK) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.64 by 14 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Jefferies downgrades its ratings on EnLink Midstream Partners LP (NYSE:ENLK). In the latest research report, Jefferies raises the target price from $13 per share to $17 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.
EnLink Midstream Partners LP (NYSE:ENLK) shares are expected to touch $15.7 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 2.31. The target price could hit $19 on the higher end and $11 on the lower end.
EnLink Midstream Partners LP (NYSE:ENLK) rose 0.8% or 0.13 points on Tuesday and made its way into the gainers of the day. After trading began at $16.02 the stock was seen hitting $16.6 as a peak level and $16.02 as the lowest level. The stock ended up at $16.31. The daily volume was measured at 1,174,234 shares. The 52-week high of the share price is $24.93 and the 52-week low is $6.32. The company has a market cap of $5,428 million.
Shares of EnLink Midstream Partners, LP rose by 8.01% in the last five trading days and 3.1% for the last 4 weeks. EnLink Midstream Partners, LP is up 35.64% in the last 3-month period. Year-to-Date the stock performance stands at 4.43%.
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.