BidaskClub upgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a sell rating to a hold rating in a research note released on Friday morning.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of EnLink Midstream Partners, from a sell rating to a hold rating in a research note on Tuesday, July 18th. Morgan Stanley downgraded shares of EnLink Midstream Partners, from an overweight rating to an equal rating and lowered their target price for the company from $20.00 to $19.00 in a research note on Thursday, June 15th. Finally, ValuEngine downgraded shares of EnLink Midstream Partners, from a hold rating to a sell rating in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. EnLink Midstream Partners, presently has an average rating of Hold and an average target price of $18.89.

Shares of EnLink Midstream Partners, (NYSE:ENLK) traded up 0.68% during mid-day trading on Friday, hitting $16.34. The stock had a trading volume of 779,355 shares. The company’s 50 day moving average is $16.08 and its 200-day moving average is $17.23. The stock’s market cap is $5.68 billion. EnLink Midstream Partners, has a 52-week low of $14.43 and a 52-week high of $19.89.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.56 annualized dividend and a dividend yield of 9.55%. EnLink Midstream Partners,’s payout ratio is currently -649.97%.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of EnLink Midstream Partners, during the second quarter worth $103,000. Ffcm LLC lifted its stake in shares of EnLink Midstream Partners, by 223.2% during the second quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 4,593 shares during the period. Creative Planning lifted its stake in shares of EnLink Midstream Partners, by 1.7% during the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 123 shares during the period. Solaris Asset Management LLC lifted its stake in shares of EnLink Midstream Partners, by 22.9% during the second quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock worth $138,000 after buying an additional 1,515 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of EnLink Midstream Partners, by 244.6% during the second quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock worth $151,000 after buying an additional 6,351 shares during the period. Institutional investors and hedge funds own 41.67% of the company’s stock.

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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