Enlink Midstream Partners (NYSE:ENLK) Has Just Had Its Target Price Diminished by Analysts at Credit Suisse to $24.00


Analysis: Enlink Midstream Partners (NYSE:ENLK) Stock Target Has Been Increased Today

In a recent research report distributed to Clients by Credit Suisse on Thursday morning, the firm, Enlink Midstream Partners (NYSE:ENLK), had their target price downgraded to $24.00. Analusts at present have a solid “Outperform” rating on the stock.

From a total of 9 analysts covering Enlink Midstream Partners (NYSE:ENLK) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 73% of the ratings are positive. The highest target price is $27 while the lowest target price is $17. The mean of all analyst targets is $22.56 with a 71.41% above today’s ($13.92) stock price. Enlink Midstream Partners was the topic of 10 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on September 23 with “Buy” rating. Wunderlich maintained ENLK stock in a recent report from August 6 with “Buy” rating.

Approximately 358,367 shares of stock traded hands. EnLink Midstream Partners LP (NYSE:ENLK) has declined 40.90% since May 7, 2015 and is downtrending. It has underperformed by 38.97% the S&P500.

EnLink Midstream Partners, LP, formerly Crosstex Energy, L.P., focuses on providing midstream energy services, including gathering, transmission, processing, fractionation and marketing, to producers of natural gas, natural gas liquids , crude oil and condensate. The company has a market cap of $4.59 billion. The Firm also provides crude oil, condensate and brine disposal services to producers. It currently has negative earnings. The Firm owns and operates around 360 miles of gas gathering pipelines, approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity, as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on EnLink Midstream Partners LP (ENLK).