EnLink Midstream Partners, LP (NYSE:ENLK) had its target price reduced by Citigroup Inc. from $21.00 to $19.00 in a report released on Thursday morning. Citigroup Inc. currently has a buy rating on the oil and gas producer’s stock.

Several other equities research analysts have also weighed in on ENLK. Zacks Investment Research upgraded EnLink Midstream Partners, from a sell rating to a hold rating in a research report on Thursday, October 26th. UBS AG raised EnLink Midstream Partners, from a neutral rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, October 24th. BidaskClub downgraded EnLink Midstream Partners, from a hold rating to a sell rating in a report on Friday, October 20th. Seaport Global Securities began coverage on EnLink Midstream Partners, in a report on Tuesday, October 10th. They issued a neutral rating and a $18.00 target price on the stock. Finally, Jefferies Group LLC reissued a hold rating and issued a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. EnLink Midstream Partners, presently has an average rating of Hold and an average price target of $18.38.

Shares of EnLink Midstream Partners, (ENLK) traded up $0.20 during mid-day trading on Thursday, hitting $15.53. The stock had a trading volume of 343,149 shares, compared to its average volume of 748,134. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, November 1st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date is Tuesday, October 31st. EnLink Midstream Partners,’s dividend payout ratio (DPR) is presently -678.23%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alps Advisors Inc. increased its position in EnLink Midstream Partners, by 12.0% in the third quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock worth $222,196,000 after buying an additional 1,417,520 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in shares of EnLink Midstream Partners, by 1.7% in the second quarter. Chickasaw Capital Management LLC now owns 5,848,293 shares of the oil and gas producer’s stock worth $99,187,000 after acquiring an additional 95,528 shares during the period. Principal Financial Group Inc. boosted its stake in shares of EnLink Midstream Partners, by 812.9% in the second quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock worth $63,872,000 after acquiring an additional 3,353,523 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of EnLink Midstream Partners, by 12.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,609,354 shares of the oil and gas producer’s stock worth $44,255,000 after acquiring an additional 298,571 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its stake in EnLink Midstream Partners, by 5.1% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,961,399 shares of the oil and gas producer’s stock valued at $33,265,000 after buying an additional 95,000 shares during the last quarter. Institutional investors and hedge funds own 40.59% 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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