Barclays Reaffirms Their Hold Rating on EnLink Midstream Partners


In a report issued on June 12, Christine Cho from Barclays maintained a Hold rating on EnLink Midstream Partners (NYSE: ENLK), with a price target of $16. The company’s shares closed yesterday at $16.67.

According to TipRanks.com, Cho is a 3-star analyst with an average return of 2.3% and a 51.8% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.

Currently, the analyst consensus on EnLink Midstream Partners is Hold and the average price target is $16.25, representing a -2.5% downside.

In a report issued on June 4, B.Riley FBR also reiterated a Hold rating on the stock with a $17 price target.

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Based on EnLink Midstream Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $21.6 million. In comparison, last year the company had a GAAP net loss of $9.3 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.

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EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.

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