EnLink Midstream Partners, LP (NYSE:ENLK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas. “

Several other equities research analysts also recently weighed in on the stock. BidaskClub raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine cut 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 price objective (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Morgan Stanley downgraded EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their target price for the company from $20.00 to $19.00 in a research note on Thursday, June 15th. Finally, Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.17.

Shares of EnLink Midstream Partners, (NYSE:ENLK) traded up 0.06% during mid-day trading on Tuesday, hitting $16.64. The stock had a trading volume of 601,353 shares. EnLink Midstream Partners, has a 52-week low of $14.43 and a 52-week high of $19.59. The stock’s 50-day moving average price is $15.88 and its 200-day moving average price is $16.85. The firm’s market cap is $5.78 billion.

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Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in EnLink Midstream Partners, in the second quarter worth about $103,000. Ffcm LLC grew its stake in shares of EnLink Midstream Partners, by 223.2% during the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock valued at $114,000 after purchasing an additional 4,593 shares during the period. Solaris Asset Management LLC increased its position in shares of EnLink Midstream Partners, by 22.9% during the 2nd quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock valued at $138,000 after purchasing an additional 1,515 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of EnLink Midstream Partners, by 244.6% during the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 6,351 shares during the last quarter. Finally, Rafferty Asset Management LLC purchased a new stake in shares of EnLink Midstream Partners, during the 2nd quarter valued at about $184,000. 40.57% of the stock is owned by institutional investors and hedge funds.

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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