Shares of EnLink Midstream Partners, LP (NYSE:ENLK) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.57.

Several research analysts recently weighed in on the company. Zacks Investment Research raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Finally, Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their target price for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th.

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EnLink Midstream Partners, (ENLK) traded down 1.72% during midday trading on Friday, reaching $16.03. The company’s stock had a trading volume of 365,400 shares. The company has a 50 day moving average price of $15.93 and a 200 day moving average price of $17.15. The firm’s market cap is $5.57 billion. EnLink Midstream Partners, has a 1-year low of $14.43 and a 1-year high of $19.59.

The firm also recently announced 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 9.73%. EnLink Midstream Partners,’s dividend payout ratio is presently -649.97%.

Several institutional investors have recently made changes to their positions in ENLK. Tower Research Capital LLC TRC acquired a new stake in shares of EnLink Midstream Partners, during the second quarter valued at about $103,000. Ffcm LLC grew its stake in EnLink Midstream Partners, by 223.2% in the second quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 4,593 shares in the last quarter. Solaris Asset Management LLC grew its stake in EnLink Midstream Partners, by 22.9% in the second quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock worth $138,000 after purchasing an additional 1,515 shares in the last quarter. Penserra Capital Management LLC grew its stake in EnLink Midstream Partners, by 244.6% in the second quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 6,351 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in EnLink Midstream Partners, by 0.8% in the first quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock worth $184,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 41.67% of the company’s stock.

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.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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