EnLink Midstream Partners Receives a Buy from RBC Capital

By Jason Carr

RBC Capital analyst Elvira Scotto reiterated a Buy rating on EnLink Midstream Partners (NYSE: ENLK) yesterday and set a price target of $23. The company’s shares closed yesterday at $17.61.

According to TipRanks.com, Scotto is a top 25 analyst with an average return of 24.6% and a 75.3% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Enbridge Energy Management.

EnLink Midstream Partners has an analyst consensus of Moderate Buy, with a price target consensus of $20.

The company has a one year high of $19.89 and a one year low of $10.51. Currently, EnLink Midstream Partners has an average volume of 756K.

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EnLink Midstream Partners LP engages in the management of pipelines and processing plants. It operates through the following reportable segments: Texas; Louisiana; Oklahoma; Crude and Condensate; and Corporate. The Texas segment deals with natural gas gathering, processing, and transmitting operations. The Louisiana segment includes pipelines, processing plants, and natural gas liquid assets. The Oklahoma segment consists of natural gas gathering and processing operations. The Crude and Condensate segment deals with in crude rail, truck, pipeline, and barge facilities. The Corporate segment refers to general partnership expenses, corporate support, financing costs, and investments. The company was founded on July 12, 2002 and is headquartered in Dallas, TX.