Zacks Investment Research lowered shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a hold rating to a sell rating in a research note released on Tuesday morning.

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. “

A number of other analysts have also recently weighed in on the company. Stifel Nicolaus upgraded EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. BidaskClub upgraded 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 Friday, September 1st. Jefferies Group LLC reiterated a hold rating and issued a $16.00 price target (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Finally, Morgan Stanley cut EnLink Midstream Partners, from an overweight rating to an equal rating and lowered their price target for the company from $20.00 to $19.00 in a research report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $18.17.

Shares of EnLink Midstream Partners, (ENLK) traded down 1.14% during trading on Tuesday, hitting $16.53. 218,308 shares of the stock traded hands. The company’s market cap is $5.74 billion. EnLink Midstream Partners, has a 52 week low of $14.43 and a 52 week high of $19.59. The firm’s 50-day moving average price is $16.06 and its 200-day moving average price is $16.83.

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Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of EnLink Midstream Partners, by 54.0% during the first quarter. Bank of America Corp DE now owns 1,660,821 shares of the oil and gas producer’s stock worth $30,393,000 after purchasing an additional 582,364 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of EnLink Midstream Partners, by 244.6% during 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 during the last quarter. Stephens Inc. AR grew its holdings in shares of EnLink Midstream Partners, by 5.5% during the first quarter. Stephens Inc. AR now owns 13,363 shares of the oil and gas producer’s stock worth $245,000 after purchasing an additional 696 shares during the last quarter. Morgan Stanley grew its holdings in shares of EnLink Midstream Partners, by 4.3% during the first quarter. Morgan Stanley now owns 6,071,147 shares of the oil and gas producer’s stock worth $111,102,000 after purchasing an additional 251,281 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of EnLink Midstream Partners, during the first quarter worth $545,000. Institutional investors own 40.57% 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.

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

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