Investment analysts at Credit Suisse Group assumed coverage on shares of EnLink Midstream Partners (NYSE:ENLK) in a report released on Friday. The firm set a “neutral” rating and a $16.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target suggests a potential downside of 6.05% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group upgraded shares of EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, October 24th. Citigroup cut their price objective on shares of EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley upped their price objective on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, BidaskClub upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.00.

EnLink Midstream Partners (NYSE ENLK) opened at $17.03 on Friday. EnLink Midstream Partners has a fifty-two week low of $14.43 and a fifty-two week high of $19.59. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The stock has a market cap of $5,940.00, a PE ratio of -74.04 and a beta of 2.08.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Trust Group LLC boosted its position in EnLink Midstream Partners by 2.1% in the third quarter. Atlantic Trust Group LLC now owns 436,061 shares of the oil and gas producer’s stock valued at $7,308,000 after buying an additional 9,108 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in EnLink Midstream Partners by 262.1% in the third quarter. Chicago Partners Investment Group LLC now owns 165,700 shares of the oil and gas producer’s stock valued at $2,777,000 after buying an additional 119,934 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new stake in EnLink Midstream Partners in the third quarter valued at approximately $858,000. Tortoise Capital Advisors L.L.C. boosted its position in EnLink Midstream Partners by 1.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 8,280,784 shares of the oil and gas producer’s stock valued at $138,786,000 after buying an additional 138,181 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in EnLink Midstream Partners in the third quarter valued at approximately $194,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.

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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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