Zacks Investment Research downgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a hold rating to a sell rating in a research note issued to investors 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 have also commented on ENLK. Stifel Nicolaus upgraded EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. BidaskClub lowered EnLink Midstream Partners, from a sell rating to a strong sell rating in a research note on Saturday, June 10th. Guggenheim initiated coverage on EnLink Midstream Partners, in a research note on Tuesday, April 18th. They set a neutral rating and a $18.00 price objective for the company. Morgan Stanley lowered EnLink Midstream Partners, from an overweight rating to an equal rating and cut their price objective for the stock from $20.00 to $19.00 in a research note on Thursday, June 15th. Finally, ValuEngine lowered EnLink Midstream Partners, from a hold rating to a sell rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. EnLink Midstream Partners, presently has an average rating of Hold and an average target price of $19.09.

EnLink Midstream Partners, (NYSE:ENLK) traded up 1.00% during mid-day trading on Tuesday, hitting $17.09. The company had a trading volume of 311,750 shares. The company has a 50-day moving average price of $16.75 and a 200 day moving average price of $17.85. EnLink Midstream Partners, has a 12 month low of $15.07 and a 12 month high of $19.89. The firm’s market capitalization is $5.92 billion.

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A number of institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 123 shares during the period. Tocqueville Asset Management L.P. raised its position 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 valued at $184,000 after buying an additional 79 shares during the period. Linscomb & Williams Inc. acquired a new position in EnLink Midstream Partners, during the first quarter valued at approximately $195,000. Clinton Group Inc. acquired a new position in EnLink Midstream Partners, during the first quarter valued at approximately $200,000. Finally, Stephens Inc. AR raised its position in EnLink Midstream Partners, by 5.5% in the first quarter. Stephens Inc. AR now owns 13,363 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 696 shares during the period. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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