Robert W. Baird Reiterates $20.00 Price Target for EnLink Midstream Partners (ENLK)

Robert W. Baird set a $20.00 price target on EnLink Midstream Partners (NYSE:ENLK) in a research note issued to investors on Monday. The firm currently has a buy rating on the oil and gas producer’s stock.

ENLK has been the topic of a number of other research reports. Goldman Sachs Group began coverage on EnLink Midstream Partners in a report on Friday, November 17th. They issued a neutral rating on the stock. Bank of America upped their target price on EnLink Midstream Partners from $18.00 to $20.00 and gave the company a buy rating in a report on Thursday, February 8th. Zacks Investment Research upgraded EnLink Midstream Partners from a sell rating to a hold rating in a report on Thursday, October 26th. Citigroup dropped their target price on EnLink Midstream Partners from $21.00 to $19.00 and set a buy rating on the stock in a report on Thursday, November 2nd. Finally, UBS Group upgraded 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. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. EnLink Midstream Partners presently has a consensus rating of Hold and a consensus price target of $18.33.

EnLink Midstream Partners (NYSE:ENLK) opened at $16.51 on Monday. EnLink Midstream Partners has a twelve month low of $14.43 and a twelve month 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 company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.56 annualized dividend and a dividend yield of 9.45%. EnLink Midstream Partners’s payout ratio is -678.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Dallas Securities Inc. bought a new stake in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $109,000. Captrust Financial Advisors bought a new stake in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $130,000. Saratoga Research & Investment Management bought a new stake in shares of EnLink Midstream Partners in the 3rd quarter valued at approximately $156,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of EnLink Midstream Partners in the 4th quarter valued at approximately $143,000. Finally, The Manufacturers Life Insurance Company boosted its position in EnLink Midstream Partners by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 816 shares during the period. 41.63% of the stock is owned by institutional investors and hedge funds.

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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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